As per the PF Act, 1952 the employee should contribute some percentage of an amount from his/her salary every month to their EPF account until their retirement. The employer also contributing some percentage of an amount to employee EPF account regularly. And for this amount, the government will offer interest every month on their EPF amount. This process continues until the employee’s retirement age. Here employee can also pay their EPF amount online also. Here, we are providing step by step process to pay EPF amount online.
To complete this process, the EPFO had tie up with 10 banks in India they are SBI, HDFC Bank, Allahabad Bank, Indian Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, Punjab National Bank and Union Bank of India, Bank of Baroda. An employee should have an account from any of these banks.
Step by step process for EPF online Payment mode:
Open the link https://unifiedportal-emp.epfindia.gov.in/epfo/ from your internet browser.
Then enter your username and password correctly.
In the next page, select “payment option” and in that click on “payment ECR” option. ECR known as Electronic Challan cum Return.
Download the previous month ECR. It’s an excel sheet.
Enter the salary details and salary credited date and contribution. Then upload the ECR (in same excel sheet) by “proceed” button.
Uploaded ECR file will be validated. If it’s correct it will display the message like “File validation successfully” else if any errors need to update it again carefully.
Once update process successfully completed, TRRN number (Temporary Returns Reference Number) will be displayed on it. Click on Verify it option.
Then click on “Generate Challan” option.
After verifying the final pay amount click on Submit button. Then click on Pay option.
Then select the mode of payment and name of the bank.
This process takes you to the internet banking facility of that particular bank.
Enter your credentials to use internet banking and verify the amount and click on continue.
To complete this payment option it requires an OTP. Complete the process by entering the OTP which you received on your register mobile number.
After the successful process receipt and transaction id will generated. Note down it for further references.
At the same time, this transaction will be updated in EPFO portal also.
After that, a confirmation message will be sent to the employee register mobile number.
Follow the above steps to pay EPF amount through online mode systems.