Provident Fund or PF, is a type of retirement account for Indian employees. The fund is managed by the employer who invests a fixed proportion of the salary paid to their employee and the employee contributes an additional fixed percentage from their salary. It is compulsory for all employers in India to offer this scheme and mandatory for the employees to enroll. This article will show you how you can check your provident fund balance online
How to Check PF Balance Online
Are you a member of the Provident Fund? Do you want to know how to check your balance online? If so, then this blog is for you!
The Provident Fund is a retirement savings scheme that is managed by the government. It is compulsory for all employees who earn a monthly salary of Rs 15,000 or more to contribute to the fund.
The amount that you contribute to the fund is deducted from your monthly salary and deposited into your PF account. You can also make voluntary contributions to the fund.
The interest that accrues on your PF balance is tax-free. The money in your PF account can be used for various purposes such as buying a house, paying for medical expenses, or funding your child’s education.
You can check your PF balance online by logging into your account on the EPFO website. Once you are logged in, you will be able to view your balance and transactions.
If you have any queries about your PF balance or how to check it online, you can contact the EPFO customer care number at 1800-11-0051.
Check PF Balance by Sending an SMS
- Send an SMS to mobile number 7738299899.
- The message will be sent in the format ‘EPFOHO UAN ENG‘.
You’ll have to set your preferred language of communication in the SMS. Just use the first three characters of your preferred language to do so. If you wish to receive updates in English, use the first three characters of the word English, i.e. EPFOHO UAN ENG.
If you want to receive the message updates in Marathi, then type in EPFOHO UAN MAR. This facility is available in English, Hindi, Punjabi, Gujarati, Marathi, Kannada, Telugu, Tamil, Malayalam, and Bengali.
Check BF Balance by Giving a Missed Call
You can find out your EPF balance by making a missed call from your registered mobile number to the authorised phone number. This feature is only available if your UAN is linked to your KYC information. If you are unable to do so, you may seek assistance from your employer.
Once your UAN has been linked to your KYC information, follow the steps below:
Make a missed call from your registered mobile phone to 011-22901406.
You will receive an SMS with your PF details after making a missed call.
Read Also: Quick Way to Find Your UAN Number – Follow Step by Step Guide
How to withdraw from Provident Fund
When you’re ready to retire, you’ll need to know how to withdraw from your provident fund. Here’s a guide on how to do it.
First, you’ll need to find your provident fund balance. You can do this by logging into your online account or contacting your employer.
Once you know your balance, you can start the withdrawal process. To do this, you’ll need to fill out a withdrawal form and submit it to your employer.
Your employer will then process the withdrawal and send the money to your bank account. It usually takes a few weeks for the money to arrive.
Once you have the money in your account, you can start spending it however you like! Just make sure to keep track of your expenses so that you don’t run out of money too quickly.
Is it possible to take a loan from Provident Fund?
It is possible to take a loan from your Provident Fund account, but there are certain conditions that must be met in order to do so. First, you must have been a member of the Provident Fund for at least five years. Second, the loan can only be used for certain purposes, such as buying a house or paying for medical expenses. Third, the loan must be repaid within two years.
Conclusion
Checking your Provident Fund balance online is a simple and convenient way to stay on top of your finances. By following the steps outlined in this article, you can easily check your balance and ensure that you are receiving the correct amount of benefits. provident fund is an important part of many people’s retirement planning, so it is essential to stay up-to-date on your account information. Thanks for reading and good luck!
