EPF stands for Employee Provident Fund. It is a collection of money that both the company and the employees contribute every month. It is a plan that gives financial assistance to all salaried employees post-retirement.
EPF is the principal system under the Employees Provident Fund and Miscellaneous Provisions Act, 1952. The Employees Provident Fund Organization (EPFO) backs this plan. It is mandatory for an organization with more than 20 workers to register under the EPF Act.
In an EPF fund, an employee needs to contribute a set amount from his paycheque into the scheme. However, the employer pays an equivalent amount as well. This sum, thus donated every month, further aids in delivering monetary advantage to the employee after their retirement.
EPF is simply a retirement benefit plan that strives to secure a financially independent retirement. You can also apply for a fixed deposit for six months or more in various banks to increase your savings. Provident fund check online is becoming popular, and anyone can check the EPF status online without any hassle.
Four ways to check your EPF amount.
For provident fund check online, here are the four ways :
I. Using Umang app
Employees may access their PF balance on their mobile phones using the Umang app. The government established the Umang app to enable multiple government services in one spot. One may see EPF Passbook, raise a claim, and track claims using the app. To begin, you must first register yourself using your phone number.
II. Using the EPFO portal
Instead of the unified portal, users will now access their PF passbooks on a new website managed by the EPFO. However, the single-site may still be utilized for transactional services like transfers.
To check your PF passbook on the site, you need to tag your account with your Universal Account Number (UAN). You may download or print your EPF passbook from the internet. Follow these steps-
Step 1: The member’s passbook is accessible at www.epfindia.gov.in
Step 2: Under Our Services, select “For Employees.”
Step 3: Click on “Member Passbook” under “Services.”
To access your EPF account’s passbook, please make sure your employer activates your UAN. Remember, the EPFO supplies UAN, but it needs to be validated and activated by your company.
III. By Sending an SMS
If your UAN is registered with the EPFO, you may retrieve the information of your current contribution and PF balance by sending an SMS to 7738299899. You need to send the message as: “EPFOHO UAN ENG.” In place of UAN, you can enter your UAN number, and in place of ENG, mention the language in which you want the message, e.g. if you wish to get the message in Marathi, then enter EPFOHO UAN MAR.
The feature is offered in 10 languages: English (default), Hindi, Punjabi, Gujarati, Marathi, Kannada, Telugu, Tamil, Malayalam, and Bengali.
The SMS must be sent from your registered mobile number.
EPFO also shares data about members accessible in its records. So, make sure your UAN is seeded with your bank account, Aadhaar and PAN, otherwise ask your employer to seed it for you.
IV. By giving a missed call
If you are registered on the UAN site, a missed call on 011-22901406 from your registered mobile number is also a good alternative. You will receive all the necessary information on your mobile. You may even ask your company to seed them for you. This service is free of cost.
EPF Calculator: Calculate the Fund Value Post-Retirement
The Employee Provident Fund (EPF) is a retirement benefit system controlled by the Employee Provident Fund Organization (EPFO). Both employer and employee contributions to the plan during the tenor of the job. The employee might withdraw the same during retirement. One may utilize an EPF calculator to estimate the corpus that they would acquire at the time of retirement. Provident fund checks online to know the pf status. You can also invest some money in a fixed deposit for six months or more to get maximum benefits during your retirement.