Employee Provident Fund is one of the most popular and promising tools for investment as well a...
A person who is involved in the job sector must have heard the term PF. Well, PF is properly abbreviated as the provident fund. The question is what a provident fund is? Provident fund is an amount that is composed by the employee in the form of a contribution during his or her working period. The basic rate of provident fund is 12% of the basic salary of the employee. The best part about the provident fund is that it is equally contributed by the employer. Furthermore, while contributing to the provident fund, the employee can also raise the percentage. in this article we will discuss PF Balance Check.
In simple words, we can say that he can also contribute more than 12% to the provident fund. Provident fund plays an important role because when the person gets retired he or she gets an amount in the form of pension.
There are several advantages of the provident fund which are as follows:
The percentage of deposition of provident fund amount is different for both employee and employer. The 12% that is contributed by the employer gets deposited in his or her provident fund account. On the other hand from that 12% of employee’s contribution, 8.33% gets deposited in the pension scheme and the rest 3.67% gets deposited to the provident fund account.
There are four methods through which you can check your PF balance and the methods are:
Let’s discuss each in brief:
Step 1. First of all, you are required to visit the government EPF portal
Step 2. Next step to be followed is to choose the Location of the PF Office (state, regional branch office)
Step 3. Enter all the details including the EPFO account number (Given on Payslip) in the online form appear
Step 4. After entering the details you need to verify them and then submit them.
Step 5. If the details entered by you are correct and the procedure is correct then you will receive your EPF balance details in the form of an SMS to the Mobile Number registered by you.
If you are willing to check your PF balance through and SMS then it is important that you have integrated you over UAN number along with all the KYC details. Once your UAN number is linked with the KYC details you need to:
Type EPFOHO UAN ENG and send it as an SMS to the mobile number 7738299899.
Remember, the last three characters will state your language preference. In the above example, we have stated ENG that means we want to receive the SMS in the English language. You can also choose your other preferred language by entering the first three characters of the language name. This facility is available in different languages including English, Hindi, Punjabi, Gujarati, Marathi, Kannada, Telugu, Tamil, Malayalam, and Bengali. Now suppose you want to receive the SMS in the Marathi language then you need to type EPFOHO UAN MAR.
Call to the authorized number. Remember you need to give the missed call by using your registered mobile number only. For this service also it is important to integrate your UAN number with the KYC details.
The number on which you need to give the missed call is 011-22901406. Once you placed the missed call you will receive an SMS having all the details regarding your PF balance.
The next procedure through which you can take your PF balance is using the EPFO application. First, you need to download the “m-sewa app of EPFO” that is available at Google Play Store.
After downloading the application, hit on the member option and then go to the ‘Balance/Passbook’ option as well. A new page will appear in front of you where you need to mention your UAN and registered mobile number. Once the details entered by you are verified you will be able to check your PF balance easily.
You can withdraw your PF balance by two methods: Submitting the physical application or by submitting the online application. Here we have given the steps for both the methods. Check out
First of all, you need to download the new composite claim (Aadhaar)/ composite claim form (Non-Aadhaar) by visiting https://www.epfindia.gov.in/site_en/Downloads.php
If you have downloaded the new composition claim form (Aadhaar) then you can easily submit it to the respective EPFO office without attesting it from the employer. But in case of the new composite claim form (Non-Aadhaar), it is important that before submission the form is attested by the employer.
From September 2015 it becomes necessary for all the organizations to pay provident fund online. The employer can either pay the PF balance by visiting the EPFO website or through any other authorized bank website. An employer can only pay through the authorized bank website if the bank has allowed direct payment from the website. Currently, there is a total of 10 Bank that is tied up with the motive to arrange PF balance easily. The banks are SBI, PNB, Indian Bank, Allahabad Bank, Union Bank of India, Bank of Baroda, HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.
First, if you are willing to pay the PF balance online then here are some simple steps you need to follow.