Employee money guide

What Is EPF?

Understand EPF, employee and employer contributions, UAN, interest, transfers, withdrawal, and nomination.

Direct Answer

EPF is a retirement savings system for eligible salaried employees where employee and employer contributions build a long-term retirement corpus.

Key Takeaways

EPF is linked to employment and UAN.
Employer and employee contributions both matter.
Nomination and transfer details should be kept updated.

How EPF works

A portion of salary is contributed by the employee and employer. The balance earns declared interest and is linked to the employee's UAN.

What to check

Employees should check UAN activation, passbook entries, nominee details, and transfer status after job changes.

Next Actions

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FAQs

What happens to EPF when I change jobs?

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You should transfer the old EPF balance to the new employer-linked account using your UAN process where applicable.

Reviewed by the Saventh Financial Literacy Team. Educational information for Indian employees — not personalised advice. Mutual fund investments are subject to market risk. Saventh AMFI ARN 324457.

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