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Employees Provident Fund (EPF) is a retirement benefits scheme that’s available to all the salaried employee’s. The contribution is usually 12% of an employee’s basic salary and is transferred into the employee’s EPF account periodically. The interest rate applicable to the EPF contributions is 8.5% for FY 2020-21.
Obviously, this entire process has to be managed at the back-end. All this is done by an organization called Employee Provident Fund Organization (EPFO) and they manage the same through a platform called the E-sewa portal.
The E-Sewa portal is like a wide-ranging store for accessing the EPF requests and one can use the services online without physically visiting the EPFO office in person. One can also find the details of the contributions being made along with many other features.
After the completion of the registration process:
The EPF UAN Member E-sewa Helpdesk is accessible for download on phones with Android version 2.3 and above. The application solves many problems associated with the Universal Account Number (UAN). The key characteristics of this product are:
Registering on E-sewa portal provides a range of benefits ranging from deduction summary, total payments made etc. It helps the employer to have a check on the various payments being made from the employee’s salary. Nowadays, employee also keeps a check on whether the deductions made from their salary are being deposited or not. In this way, they get to keep a check on the employer and their savings too!