How to check EPF balance India
Provident Fund, generally called Employee Provident Fund (EPF) is a security scheme that serves as a saving tool for employees. An equal amount of money is contributed by the Employer and the employee that can be obtained by the employee after his retirement or when he quits the job. It is like a long-term retirement savings scheme that provides a security to the employees when they become economically unproductive after they leave their job. The EPF Act states that an employee has to contribute 12 percent of his actual salary towards the EPF. Out of this 12% fraction, 8.33% is taken as the contribution towards Employees’ Pension Scheme (EPS).
Checking your EPF balance at regular intervals of time is important. It is not a very hard task to check your PF balance. You can simply check your EPF balance according to your comfort, anytime and from anywhere. Here in this article, we will tell you how to check your EPF/PF balance online but before that let us know why it is important for an employee to check his PF balance and be updated with all the details.
Why You Should Regularly Check Your EPF balance?
Keeping track of your PF balance can help you to plan your expenses accordingly and it can also help you while seeking for loans by using this balance to apply for loans. Checking EPF balance can also help you to examine that the settled withdrawal/claim amount from the EPF account is same as the amount shown in the the EPF account passbook. Keeping track of your EPF balance is a crucial step towards ensuring your financial fitness. It gives an idea about your total savings that will be with you after your retirement that you can use to plan a better future.
How to check PF balance online?
Here we will show how to check EPF balance online using EPF portal. For checking your EPF balance on EPF portal, you will need UAN (Unified Account Number)which is allotted to an employee by his employer. It acts as an unique identity that is given to every employee who contributes to Employee’s Provident Fund.
Here are stepwise directions to check EPF balance using EPF portal online.
Step 1: Visit https://passbook.epfindia.gov.in/MemberPassBook/Login.jsp
Once the page is opened, go to
PF Balance Check 》Unified Portal
Step 2: Enter your UAN and password. CAPTCHA will appear.Complete that.
Step 3: Once you are logged into your PF account, go to -View PF Passbook
Step 4: You can see your PF balance on the Unified Portal.
You can also use the same process for downloading the PF UAN card from here.
There are some other ways too to check your EPF balance. You can use Umang app or missed call/ sms facility is also available for you to check your PF balance.
As an employee, it is your responsibility to be updated with your EPF balance and ensure your financial fitness. In some cases, some errors arise related to EPF. In that case, you should immediately contact your employer