Introduction
Welcome to the EPF International Workers Complete Guide, PF Withdrawal Procedure & Certificate Of Coverage (COC). This guide is designed to provide you with a comprehensive overview of the Employee Provident Fund (EPF) and its related services. It will explain the various aspects of the EPF, including the withdrawal procedure, the Certificate of Coverage (COC), and the various benefits available to international workers. It will also provide you with information on how to apply for the EPF and how to manage your EPF account. Finally, it will provide you with tips and advice on how to maximize the benefits of the EPF. We hope that this guide will help you make the most of your EPF and ensure that you are able to enjoy the benefits of the EPF for many years to come.
EPF International Workers Complete Guide, PF Withdrawal Procedure & Certificate Of Coverage(COC)
A. EPF International Workers Complete Guide
The Employees’ Provident Fund (EPF) is a retirement savings scheme for employees in India. It is managed by the Employees’ Provident Fund Organisation (EPFO). The EPF provides a secure retirement income for employees and their families.
The EPF is a mandatory contribution scheme for all employees in India. Employees contribute 12% of their basic salary and employers contribute an equal amount to the EPF. The EPF is a long-term savings scheme and the accumulated funds can be used for retirement, medical expenses, housing, education, and other needs.
The EPF also provides international workers with the same benefits as Indian workers. International workers are eligible to contribute to the EPF and receive the same benefits as Indian workers.
B. PF Withdrawal Procedure
The EPF withdrawal procedure is simple and straightforward. Employees can withdraw their EPF funds at any time, provided they meet the eligibility criteria.
To withdraw EPF funds, employees must submit a withdrawal form to the EPFO. The form must be accompanied by the necessary documents, such as proof of identity, address, and bank account details.
Once the form is submitted, the EPFO will process the withdrawal request and transfer the funds to the employee’s bank account. The funds will be transferred within 15 days of the request.
C. Certificate Of Coverage (COC)
The Certificate of Coverage (COC) is a document issued by the EPFO to international workers. The COC is a proof of the employee’s EPF membership and the amount of contributions made.
The COC is issued to international workers who have contributed to the EPF for at least one year. The COC is valid for three years and must be renewed every three years.
The COC is an important document for international workers as it is required for various purposes, such as applying for a visa, applying for a loan, and claiming benefits from the EPF.
As we all know EPFO is one of the best social security in India and at the same time every country has it’s own social security scheme like employee provident fund scheme. So whenever an Indian employee has to go & stay in another country on the duty allotted by the employer is known as an international worker. Definition of EPF international workers under EPF act 1952 is:
- An Indian employee having worked or going to work in a foreign country with which India has entered into social security agreement and being eligible to avail the benefits under a social security programme of that country, by virtue of the eligibility gained or going to gain, under the said agreement
From the above definition of international worker under EPF act, it is clearly mentioned that any Indian employee who works in a foreign country with which India has the social agreement is known as an international worker. India has social agreement with 18 countries, they are They are Belgium, Germany, Switzerland, Denmark, Luxembourg, France, South Korea, Netherlands, Hungary, Finland, Sweden, Czech Republic, Norway, Canada, Japan, Austria, Portugal and Australia
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As per this social agreement any Indian employee who is already contributing to PF in India doesn’t need to contribute to other social security schemes in above-mentioned countries. It is a benefit for both employees and employers because they don’t need to do Two contributions separately in each country.
But in order to avoid other social security schemes contributions in other countries, the international workers need to submit COC (Certificate Of Coverage). The best thing is now the international workers can get COC online by the facility provided by Employee Provident Fund scheme.
International Worker PF Withdrawal Procedure:
The international worker PF withdrawal procedure is same as local Indian employee, they have to submit EPF composite claim forms to their regional EPF office either in online or by offline through their employer. The claim amount will be deposited into bank accounts of EPF International workers.
But in order to get rid of contributing to other social security schemes in foreign countries, the international workers need to submit a COC to the social security scheme organization of that particular country.
How To Get Certificate Of Coverage (COC) For EPF International Workers
How To Apply For Certificate Of Coverage:
To get COC certificate online go this link EPF Portal For International Workers and in home page click on Application For COC.
Now enter your UAN (Universal Account Number). After entering your UAN number you will get your PF number automatically. Now click on your PF member ID.
After entering all the details now click on submit, now a reference number will be generated and you can find an option to download the form. After downloading the form sign it and upload it to PF international worker portal.
How To Upload Application For COC in EPF international Worker Portal
To upload the signed application form again go to EPF international portal home page and there you can find an option called Upload Signed Application For COC.
Now click on that and enter your application reference number, your date of birth and upload your file.
After uploading signed application for COC in international worker portal then your employer has to attest it, in the meantime you can track the status of your application for the certificate of coverage using reference number and when it gets approved by your employer then you can download it.
Application For Extension Of COC
You can also use Application For Extension Of COC option in EPF international workers portal home page to extend the validity of your EPF certificate of coverage.
EPF International Workers Complete Guide
The Employees Provident Fund (EPF) is a retirement savings scheme for employees in India. It is managed by the Employees Provident Fund Organisation (EPFO) and is a statutory body of the Government of India. The EPF is a social security scheme that provides financial security to employees after retirement. It is a mandatory contribution from both the employer and the employee.
The EPF is applicable to all employees who are employed in establishments with 20 or more employees. The EPF is also applicable to establishments with less than 20 employees if the employer has voluntarily opted for the scheme. The EPF is also applicable to establishments with less than 10 employees if the employer has voluntarily opted for the scheme and the employees have opted for the scheme.
The EPF provides a range of benefits to employees, including a lump sum payment at retirement, a pension, and a death benefit. The EPF also provides a range of other benefits, such as medical benefits, housing benefits, and educational benefits. The EPF also provides a range of tax benefits to employees.
PF Withdrawal Procedure
The Employees Provident Fund (EPF) withdrawal procedure is simple and straightforward. The employee can withdraw the EPF balance either through the EPFO portal or through the employer. The employee must submit the required documents to the employer or the EPFO to initiate the withdrawal process.
The employee must submit the EPF withdrawal form along with the required documents to the employer or the EPFO. The documents required for EPF withdrawal include the EPF withdrawal form, the employee’s identity proof, and the employee’s bank account details. The employee must also submit the EPF withdrawal form to the EPFO or the employer.
Once the documents are submitted, the EPFO or the employer will process the withdrawal request. The EPFO or the employer will then transfer the EPF balance to the employee’s bank account. The EPF withdrawal process usually takes around 10-15 days.
Certificate Of Coverage (COC)
The Certificate of Coverage (COC) is a document issued by the Employees Provident Fund Organisation (EPFO) to employees who are covered under the EPF scheme. The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years. The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years.
The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years. The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years. The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years.
The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years. The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years. The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years.
The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years. The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years. The COC is issued to employees who are covered under the EPF scheme and is valid for a period of three years.
