{"id":106,"date":"2022-06-11T07:27:35","date_gmt":"2022-06-11T07:27:35","guid":{"rendered":"http:\/\/www.quickpf.com\/?page_id=106"},"modified":"2024-05-02T17:32:28","modified_gmt":"2024-05-02T17:32:28","slug":"faqs","status":"publish","type":"page","link":"https:\/\/www.quickpf.com\/index.php\/faqs\/","title":{"rendered":"FAQs"},"content":{"rendered":"\t\t
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\n\t\t\t\t\tFAQs\n\t\t\t\t<\/h2>\t\t\t\t
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QuickPF: PF Management System
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\n \n \n Why QuickPF?<\/span>\n\n \n
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QuickPF is a proven reliable solution to manage PF Trust Accounts. Its seamless integration with third party Payroll, HRMS and SAP etc. makes it a powerful platform to manage all PF Trust Accounts. It has an integrated mobile app for all PF Members with features like viewing their contributions, opening balance, hassle free withdrawal and many more.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n What is Exempted PF Trust?<\/span>\n\n \n
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Certain public and private sector companies have their own PF trusts to manage employee contributions<\/b>. These companies manage the contributions instead of sending them to the EPFO. Such companies are known as Exempted PF Trusts.<\/span><\/span><\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n What is the difference between EPFO and PF Trust?<\/span>\n\n \n
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EPFO is Employees Provident Fund Organization under the Ministry of Labour. PF Trust is a trust authorised by the EPFO to maintain provident fund accounts of employees of a firm \/ corporate body.<\/span><\/span><\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Is it possible to transfer EPFO Fund to PF Trust?<\/span>\n\n \n
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Yes, it is possible to transfer funds from EPFO to PF Trust and vice versa. <\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n What are administration charges?<\/span>\n\n \n
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The administration charge for an EPF member is around 1.1%, while for an exempted PF trust member, the inspection charge is only 0.18%. Over time, this might save costs. Since PF trusts manage the employee contributions, they have to pay the same EPFO interest rate or a higher rate.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n What are the benefits of Exempted PF Trust?<\/span>\n\n \n
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Following are the benefits of Exempted PF:<\/p>