Bewithus

Provident Fund Services

Ensuring compliance with the Provident Fund Act and Regulations is now simple and sorted with ricago PF services.

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CHALLENGES (Employees & Employers)
  • Aadhar Authentication Issues, UAN Activation issue
  • Manual Transfer/withdrawals issue, Loan Against PF deposit
  • PF Annual Accounting and Interest Credit issue
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IMPACT (Employees & Employers)
  • Employees will be deprived of their benefit
  • Issues in identifying members on EPS Applicability
  • Employers will receive notices from EPFO for issues in contribution
  • Employers have to pay interest and damages for late contributions.

 
PF Compliances
  • End to End PF compliances & Operations Hire to Retire
 
Merger & Acquisition
  • M&A activities, Pre & Post merger Compliances
 
External Coordination
  • Liaising/ Submission/ Representation on behalf of the employer
 
Helpdesk
  • Dedicated PF Helpdesk services to manage employee queries

AUTOMATING THE COMPLIANCE MANAGEMENT FOR A MANUFACTURING CONGLOMERATE

Complexity of managing organization compliances across multiple legal entities/ locations/ geographies and business functions. Dynamic regulatory requirements make the process more complex, Email/excel/file share mechanisms are not collaborative and adequate andAudits or Regulatory Notices require immediate retrieval of evidences. Increased risk to Directors/CXOs/Promoters and Organization’s Brand.

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FAQ

Click on a questions to expand and reveal the answer!

1. What is a Provident Fund (PF)?

Provident Fund (PF) is a government-backed social security scheme where both the employee and employer contribute a portion of the employee’s salary every month. The amount accumulated helps employees build long-term savings for retirement, emergencies, or job changes, along with earning interest.

 

2. How can I check my provident fund details?

You can check your PF details online through the EPFO Member Portal or the UMANG app using your UAN (Universal Account Number). Once logged in, you can view your PF balance, contribution history, passbook, and claim status easily.

 

3. How can I withdraw my PF?

PF can be withdrawn online by logging into the EPFO portal using your UAN and Aadhaar-linked details. You can apply for:

  • Full withdrawal after resignation/unemployment
  • Partial withdrawal for specific needs like medical emergencies, education, marriage, or home purchase

The amount is credited directly to your bank account.

 

4. Who is eligible for PF withdrawal?

An employee is eligible for PF withdrawal if:

  • They are unemployed for at least 2 months
  • They have reached retirement age (58 years)
  • They require partial withdrawal for permitted reasons (medical, housing, education, etc.)
  • Eligibility depends on service period and purpose of withdrawal.
5. What is PF compliance under the Employees’ Provident Fund Act?

PF compliance refers to an employer’s legal responsibility under the Employees’ Provident Fund & Miscellaneous Provisions Act, 1952. This includes:

  • Timely PF registration
  • Monthly deduction and deposit of PF contributions
  • Filing PF returns
  • Maintaining statutory records and registers

Non-compliance can result in penalties, interest, and legal action.