Provident Fund Services

Employees’ Provident Fund Scheme, 1952
Employees’ Pension Scheme, 1995
Employees’ Deposit-linked Insurance Scheme, 1976
EPFO (Employees Provident Fund Organization) is one of the world's largest social security organizations, providing universal social security coverage to all paid employees in India.

CHALLENGES (Employees & Employers)

Aadhar Authentication Issues, UAN Activation issue
Manual Transfer/withdrawals issue, Loan Against PF deposit
PF Annual Accounting and Interest Credit issue

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.

Employees’ Provident Fund is a statutory benefit payable to employees working in India. The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 ("Act") is applicable pan-India. Our services include PF registrations, UAN compliance, PF transfers, PF advances, e-Nominations, and PF withdrawals/settlements, Loan against PF, Aadhar issues etc. We also handle the statutory compliance for the Employees’ Provident Fund. Our dedicated employee help desk services for the employees of each client addresses the individual queries of the employees on a real time basis. Being in the industry for a long time, ricago team has connects in the department, which eases the time and effort required to address any departmental issues or notices. Secure your financial future with ricago’s comprehensive Provident Fund Services. Our team of experts will help in solving end-to-end Provident Fund related issues and challenges and ensures that you receive the maximum benefits. With a user-friendly process and personalized support, employee & employer will have complete control and transparency over the provident fund related aspects. Ricago aims to make the process simple and stress-free, so that employee and employer can focus on the core work.

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CASE STUDIES

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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Provident Fund Services

Find out about how our services can be integrated into your business

AUTOMATING THE COMPLIANCE MANAGEMENT FOR A MANUFACTURING CONGLOMERATE

REQUEST A DEMO

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