There are numerous ways to perform PF balance check online(epfindia.gov.in). Employees often wish to check their pf balance enable them to plan their financial goals better.
Employee’s Provident Fund is a fund that is contributed both by the employers and the employees, to enable the employees to save for their retirement. Employees often wish to perform pf balance check, to enable them to plan their financial and wealth goals better.
Nothing but money is sweeter than honey! That’s exactly why people want to save and invest. While there are many savings and investment schemes, an Employee Provident Fund (EPF Registration) is the most prominent one. A provident fund is an investment or savings fund that is voluntarily and intentionally taken up by employers and employees and acts as long-term savings to benefit the employees at the time of their retirement.
The Employee’s Provident Fund (EPF) simply serves as a savings tool for employees. The fund is contributed both by the employer and the employee and can be availed by the employee after retirement or when the employee chooses to switch jobs. The applicable rate of interest for EPF accounts is 8.1% for the period October 1st 2021 to December 31st 2022.
Most employees wish to know the amount that is being accumulated in their PF account. Managing the EPF account has now been made effortless. Verifying the pf balance available on the EPF accounts enables employees to plan their expenses, apply for loans, and help them to strategise their financial responsibilities. One can also use a PF Calculator Online to make their PF related calculations simpler
The EPF calculator simplifies your financial planning. Use our PF interest rate calculator to get accurate results..
How to Check PF Balance?
PF balance check refers to the process of verifying the balance in your Employees’ Provident Fund (EPF) account. To check your PF (Provident Fund) balance, you can follow these steps:
1. PF Balance Check Online – EPFO Portal
To check PF balance in the portal the employee must be aware of the Universal Account Number (UAN) that is activated by the employer. The UAN is a unique 12- digit identification number that both the employer and the employee are assigned to, under which both contribute to the EPF. The UAN is issued by the Ministry of Labour and Employment and is employed by the Employees’ Provident Fund Organisation (EPFO). Once the UAN is activated, the employee has to pursue the following steps to get to know the pf balance check in the account:
Step 1:
The employee has to visit the official EPFO portal epfindia.gov.in and select ‘For Employees’ under the ‘Services’ tab
Step 2:
The employee has to choose ‘ Member Passbook’ under the ‘Services’ section
Step 3:
The employee will be navigated to a login page, wherein the UAN and password are to be entered after it has been activated
Step 4:
The employee has to choose ‘Member ID’ and click ‘View Passbook [OLD: FULL]’ option. The PF details will be displayed and it can be printed by clicking ‘Download Passbook’ option
2. PF Balance Check – Sending an SMS
This PF Balance check method can be chosen after the UAN is linked with KYC details by following the steps mentioned below:
- Send out an SMS to 7738299899 in the format EPFOHO UAN ENG
- The employee can select the language preferable for communication through the SMS
- To choose English send EPFOHO UAN ENG- wherein ENG stands for English. Whereas for Marathi type the code as EPFOHO UAN MAR
- Other language options available are Hindi, Punjabi, Gujarati, Kannada, Telugu, Tamil, Malayalam, and Bengali.
- After doing so, the balance and other details will be received via SMS.
3. PF Balance Check – Through a Missed Call
The PF balance check can also be verified by simply giving a missed call to 011-2290-1406 from the registered mobile number. This service can be used only if the UAN is linked with the KYC. Also, this method is most popular in rural areas as not everyone will have access to the internet at all times. After dialing the number, the employee can disconnect after a few rings. Thereafter the PF balance will be sent to the number through a text message.
4. PF Balance Check – Through the UMANG/EPFO App
The PF balance check can be verified in the Unified Mobile Application for New-age Governance UMANG app by downloading it on the smartphone. The app not only helps one to check the PF balance, but also helps in filing and tracking claims. The members are required to complete a one-time registration using their UAN-registered smartphone number to log in to the app. The PF account can be verified through the app by following the steps mentioned below:
- Select and download the UMANG app from Google Play Store or App Store
- Choose the ‘EPFO’option under ‘All Services’ tab
- Choose ‘View Passbook’ under ‘Employee Centric Service’.
PF Balance Check – Through Whatsapp
You can check your PF balance on WhatsApp by using the EPFO’s (Employees’ Provident Fund Organisation) WhatsApp-based service. Here are the steps to follow:
- Save the EPFO WhatsApp helpline number +91-73022-02244 in your phone’s contacts.
- Send a message to the EPFO WhatsApp helpline number in the following format: EPFOHO UAN <ENG> (replace <ENG> with the first three characters of the preferred language for the response, such as ENG for English, HIN for Hindi, etc.)
- You will receive a message asking for your UAN (Universal Account Number) registered with the EPFO.
- Once you provide your UAN, you will receive an OTP (One-Time Password) on your registered mobile number.
- Enter the OTP on WhatsApp to verify your identity.
- After successful verification, you will receive your PF balance and other details like the last contribution and the date of the last update.
Please note that you need to link your Aadhaar with your UAN to avail of this service. Also, this service is currently available only for members registered on the UAN portal.
Withdrawal of PF:
The amount from the Provident Fund can be withdrawn by the employee in many ways. While it requires the intervention of the employer in some circumstances, it only requires the employee’s presence at most times. To accomplish this, a couple of forms need to be filled out and filed to withdraw the amount required.
When the amount from Provident Fund is withdrawn through the Employer:
The following forms are required to be furnished when the PF amount is drawn in the presence of the employer.
- Form 19
- Form 10C
- Form 15G.
UAN forms are generally submitted when the employee does not want the employer to intervene in the process of withdrawal. Alternatively, a UAN Form is not required when the employee wishes to withdraw the amount with the assistance of the employer. The employee merely requires the signature of an authorised signatory and a company stamp at the bottom of each page. The details in the Forms should match those given by the employee to the company at the time of joining of the company. Any mismatch or discrepancies will delay the withdrawal process and will lead to investigations to check the validity of the application. Other documents that are required are:
- Copy of the PAN Card
- Canceled cheque or copy of bank statement or first page of the passbook
- The UAN Number .
The above documents are to be attached along with the forms and should be submitted to the employer. The employer will thereafter pass the same to the PF office that is handling the employee’s account.
When the amount from Provident Fund is withdrawn without the help of the Employer:
When the employer is not involved, Form 11 should be filled out and submitted. Since January 2016, this form has become mandatory to be filed in order to withdraw the funds. The employees who have not contributed to the PF account, cannot use this form and hence cannot withdraw funds without the help of their employer. Other forms that are to be filed are:
- Form 19 (UAN)
- Form 10(C) (UAN)
- Form 15G
- Attach a canceled cheque, signed, and stamped by a bank manager.
Requisites for Verifying the PF Account:
- An Activated UAN ID
- The database must have the details of the employee pertaining to the bank account number, PAN card and Aadhaar number
- Employer-approved KYC documents
- The employee must be registered with the UAN portal
- Correct Inputs to the UAN Portal.
The PF account can have a nominee named by the employee, although it is not mandatory. It is advisable to mention a nominee in the records as it helps the nominees to access the EPF account after the death of the employee, thereby being able to secure the family.
Hence, the EPFO has made it extremely simple for employees to take a quick look and verify their PF balance check. Not only has it simplified, but has also made it possible through several channels such as through the website, app, SMS or missed call, to access the PF account, which is truly appreciable.
FAQs on PF Balance Check
Can I check PF Balance with Mobile number?
Yes, you can check your PF (Employee Provident Fund) balance with your mobile number if your mobile number is linked to your UAN (Universal Account Number). You can check your PF balance by sending an SMS to the designated number or through the EPFO (Employees' Provident Fund Organisation) mobile app or the UMANG (Unified Mobile Application for New-age Governance) app.
What is PF Balance Check?
PF balance check refers to the process of verifying the amount of money accumulated in an individual's Provident Fund (PF) account. A Provident Fund is a retirement savings scheme available to salaried employees, and it is mandatory for employers to contribute to the PF account on behalf of their employees.
How do I Check my PF Balance?
If you are an employee in India who is contributing to the Provident Fund (PF) scheme, you can check your PF balance through any of the following methods: 1. EPFO Portal 2. UMANG App 3. SMS 4. Missed Call 5. WhatsApp
How many days PF balance can be Withdrawn?
After one month of unemployment, the new rule stipulates that EPFO permits withdrawal of 75% of the EPF corpus. After finding a new job, the remaining 25% can be transferred to a new EPF account. After two months of unemployment, the previous rule allowed for a 100% withdrawal from the EPF.
Can I Withdraw my PF anytime?
No, you can't take money out of your EPF unless you're out of work. If you are unemployed for one month, you are allowed to withdraw 75% of your EPF corpus under the current withdrawal rules. In addition, you can withdraw the remaining 25% if you are unemployed for more than two months.
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