How to check Employee Provident Fund (EPF) Balance Online?
If you are salaried employee, your employer would be deducting EPF every month. Many of us not might not track Employee Provident Fund (EPF) balance. While it is not necessary to check them every month. One needs to verify them regularly, especially when you are changing your job, to ensure that all your Employee Provident Fund contributions are made by your employer every month. How to check Employee Provident Fund (EPF) Balance Online? What is the step by step process to check Employee Provident Fund (EPF) Balance on EPFO Portal? Is there any way to check EPF Balance by sending an SMS? How UMAN App can help you to check Employee Provident Fund (EPF) Balance?
What is Employee Provident Fund (EPF)?
EPF is the most famous retirement scheme for salaried individuals. It is maintained solely by the Employees’ Provident Fund Organization (EPFO) of India. Any company that has more than 20 employees has to register with EPFO. Once registered, the company cannot be called off even if the number of employees is decreased in the organization. The individuals who have a basic salary of Rs 15,000 are mandated to contribute to the fund. The employer has to match the contribution by the employee up to 12%. The employer contribution is exempt from tax, but the employee’s contribution is taxable. However, it is eligible for deduction u/s 80C of the Income Tax Act, 1961. The EPF amount earns interest at the rates declared by the government.
The interest rates are revised by the Central Government every year, depending upon the revenues made by the EPFO on its previous year’s deposits.
Who is eligible for Employee Provident Fund (EPF)?
EPF is a retirement benefit which is applicable only to salaried employees. All organizations with 20 or more employees are required by law to register for the EPF scheme while those who have fewer employees can register voluntarily. Part-time workers like scavengers, sweepers and other supporting workers are not eligible. Basically, employees who are registered on the rolls of the organizations are eligible for EPF.
What is an employee and employer share in Employee Provident Fund (EPF)?
In this fund, the employer and the employee contribute 12% of the employee’s salary, which includes basic salary, dearness allowance (DA) and cash value of food allowances every month. So, this way a minimum of 24% of the basic salary is saved every month of the employee which helps him to accumulate his retirement corpus. Apart from this contribution, he/she may contribute more towards this fund. This contribution comes under the Voluntary Provident Fund (VPF). The employer is not bound to match this fund.
How to check Employee Provident Fund (EPF) Balance Online?
With the world going digital, EPFO has also walked in pace. It has provided its registered employees the facility to check their balances online. Gone are those days when EPFO used to send the account details on paper to be furnished to you through your employer. Now, there are many ways to check your EPF balance online. For this facility, it has been made mandatory for all the employees to have a UAN. UAN is refers to Universal Account Number which is allotted by EPFO. This number helps them in checking their account balances, fund transfers at the time of change of job and withdrawals will also become much easier.
How to check Employee Provident Fund (EPF) Balance on EPFO Portal?
Like bank passbooks, EPFO also maintains a passbook which contains all your EPF transactions, including both contributions and withdrawals and current balance. The employees can access their EPF account statement online by visiting the website www.epfindia.gov.in. The facility is available only to active members who are actually contributing to their EPF accounts.
Here is the step-by-step process on checking EPF balance on EPFO Portal.
Step-1 – Go to www.epfindia.gov.in and click on ‘Our Services’ option.
Step-2 – Choose the option ‘For Employees’.
Step-3 – Select ‘Member Passbook’ from “Services” column.
Step-4 – It will prompt to a window where you need to enter the 12 digit UAN number and password.
Step-4 – Select “Select Member ID to view passbook” on left hand side
You would be able to view all the EFP transactions + balance in PDF format. You can vew, download or print them.
How to check Employee Provident Fund (EPF) Balance by sending an SMS?
Generally, your phone number is registered with the EPFO once you start making PF contributions through your salary. This is done by your employer. You need to make sure that your registered mobile number is active as you will be receiving the OTP on that number.
If your UAN is registered, then through your registered mobile number, send an SMS EPFOHO UAN ENG to 77382 99899. You have the option of receiving this SMS in 10 languages- Hindi, Marathi, Gujarati, Punjabi, Marathi, Kannada, Telugu, Tamil, Bengali, Malayalam.
e.g. if your UAN No. is 123456789876 (12 digits). Then send SMS as “EPFOHO UAN 123456789876 ENG” to 77382 99899. You would get name, DOB, Aadhaar no, Last contribution and total balance as on date.
How to check Employee Provident Fund (EPF) Balance by giving a missed call?
This is the most convenient way of checking the PF balance as it does not require any computer knowledge and active internet connection. For this, you just need to have your UAN number and valid KYC details like PAN or Aadhar Number. If you have a valid UAN, your mobile number too will be registered with the EPF department. You need to give a missed on the number 01122901406 and you will receive an SMS that states your PF account number, name as per the EPF record, age, DOB, last contribution made and EPF balance. This is a toll-free number and this facility is available only to UAN members.
Further, if your mobile number is not registered, you will receive an SMS stating that the number is not registered.
How to check Employee Provident Fund (EPF) Balance through UMANG App?
The Government of India has launched an application named UMANG ( Unified Mobile Application for New-age Governance) which intends to provide a single platform for major services offered by Central and State Government Departments. One can even check the balance of EPF account through this mobile application.
Download the app UMANG from Google Play store or Apple iTunes and click member at this link. https://web.umang.gov.in/web/#/
Under the member option, select either balance or passbook and put 12 digit UAN number. Also, enter the registered mobile number for verification.
If both mobile number and UAN are verified, you will receive EPF balance information along with other personal details like name, DOB, last month EPF contribution etc.
You may like: Best Health Insurance Policy for your family
Is there any other mobile application available?
There is one more mobile application named ‘m-seva’ which is run by EPFO that can be used to obtain the details regarding your EPF account. This app can be downloaded from the Google Play Store. Once the app is downloaded, click on “Member” and then on “Balance/Passbook.” Thereafter, enter your UAN and registered mobile number.
How to keep the record of EPF?
For individuals who wish to keep the entire record for their EPF, they can download the entire EPF passbook in their computer via UAN Portal. This enables them to check all the details regarding balance and contributions made. You can save this record in electronic format in your computer for future use. You can download this updated passbook every month.
If you enjoyed this article, share it with your friends and colleagues through Face book and Twitter.
How to check Employee Provident Fund (EPF) Balance Online
- Best Mutual Funds to invest in 2024 (as per Google AI Gemini) - February 20, 2024
- GPT Healthcare IPO – Should You Invest? - February 19, 2024
- 11.5% Chemmanur Credits and Investments NCD Feb-24 – issue Details and Review - February 18, 2024