Employees’ Provident Fund Organisation is considered the world’s largest SSO (Social Security organisation) owing to its increased financial transaction and volume of clientele. While a subscription to a PF account reflects a country’s current employment generation, such specialized funds are targeted at helping individuals meet their varying expenses post-retirement.
Considering the importance that this account holds as a part of one’s income, it is essential that one has an in-depth idea about their provident fund account and balance. Following this, a routine check of the account enables one to understand the share of the contribution made to this account by an employer and the employee.
Ways to check the PF account balance
While a provident fund acts as a saving tool for employees, the saved amount can be utilized by an account-holder post-retirement or during emergencies. Thus, taking into consideration the elevated importance of this fund, multiple endeavors are being made to promote its convenience that would help one manage their money more effectively. Subsequently, several ways have been launched to help individuals check their PF account balance –
One of the most convenient ways to check the provident fund balance is by logging on to the official website of EPFO, i.e., www.epfindia.gov.in. Individuals need to –
Step 1: Log on to the official website
Step 2: Use UAN (Universal Account Number) and password and choose the option of employee or employer
Step 3: Click on ‘our services’
Step 4: Click on ‘member passbook’ tab
Step 5: Re-enter UAN and password on the new page and check the details of your account here.
Taking into consideration the convenience of account holders, the government launched UMANG or Unified Mobile Application for New-age Governance mobile app. This app provides a unique platform to access pan India e-government services, including that of the provident fund account. All that one has to do is –
Step 1: Click on the UMANG app, and one will land on the mobile app page for the site, i.e., www.umang.gov.in
Step 2: Select the ‘services’ tab
Step 3: Go to the skill and employment section. Submit all the required details including –
- Aadhaar number
- Contact details, etc.
Following this, you can, not just check the fund balance, but also track and make claims via the same. Alternatively, you can also install the app in your smartphones.
To check the PF account balance via SMS, individuals need to –
Step 1: Type EPFOHO UAN ENG and send the SMS to 7738299899.
Step 2: Upon receiving the provident fund details via SMS, select the preferred language by using the first 3 letters of the language and avail the details conveniently –
E.g., – EPFOHO UAN ENG for the details in English
All that you need to make sure is that your contact number is connected with your UAN.
Keeping in mind the convenience of the elderly people, availing details via calls are also possible. Individuals need to give a missed call to 011-22901406 from their registered contact number and get access to their account balance and other relevant details. All that one has to do is ensure that their registered number is linked with the UAN, PAN number, Aadhaar number, and bank account number.
Alternatively, in case of individuals looking for a flexible mode of savings that can be withdrawn as per convenience, investing in a Bajaj Finance Fixed Deposit is the preferred option.
Such Smart investment schemes come with higher stability and safety of the principal amount along with other pros of investing in fixed deposits–
- Multi-deposit facilities along with a varying range of tenor and convenient interest payment frequencies.
- Lower minimum deposit amount starting from RS. 20,000.
- Higher rate of interest that helps in the growth of the corpus.
- A hassle-free online application process.
- Assured gains on returns.
- Auto-renewal options for such investment schemes.
Additionally, reputed lenders also offer online fixed deposit calculators that evaluate the returns in advance and hence help one to make an informed decision while investing. Thus, make sure to compare lenders before availing a fixed deposit that will fetch you the maximum returns on your investment. Such planned investment ensures maximum growth of your corpus and helps you meet your financial requirements in future.