These days, thanks to technology, it’s simpler than ever to keep tabs on your finances. Nothing changes with the EPF, either. The EPF statement, which was previously only available in paper form, is now readily available online, which has several benefits for account holders.
Here you will find a comprehensive guide on accessing and understanding your EPF statement online. No matter your level of expertise as an investor, this article will provide you with the necessary skills to navigate the site and comprehend your statement.
What is EPF?
One of India’s official retirement savings programs is the Employees’ Provident Fund, often called EPF. The Employees’ Provident Fund Organisation (EPFO) is a statutory body within the Indian government’s Ministry of Labor and Employment that is responsible for managing one of the country’s largest employee social security programs.
The EPF system aims to provide workers with financial security in retirement by pushing them to save a certain percentage of their monthly salary. Each employee and their employer contributes a certain percentage of their salary to the EPF account. Employees may save up a substantial amount of money with the aid of interest, which they can then use for retirement or particular expenses like housing, education, healthcare, etc.
What is an EPF Statement?
An individual’s EPF statement will include all permitted advances, settlements, transfers-in, and transfers-out made by an individual across all Indian employers.
Like an electronic passport, it is a digital record of your PF status. Your financial dealings will be listed in your statement or digital wallet by the current day and month. The personal information in your EPF statement includes your name, date of birth, and the current status of your PF account.
How to Download My E-passbook/statement Online?
How to get EPF statement online? Whenever necessary, EPF members may access their electronic passbooks. You may download it many times every month. The Employee Provident Fund Organization does not provide paper copies of yearly provident fund statements. Employees may now see and download their EPF account statements digitally using the new e-passbook function on the EPFO website. To access and download your electronic passbook, you must first register with EPFO.
The following information must be submitted with your EPFO registration:
- Contact information
- Date of Birth
- Documentation includes a PAN card, voter ID, passport, driver’s license, etc.
You will be able to access and download your EPF India statement online after you have joined up. Access to the electronic passbook and electronic statement features is limited to existing members of the PF.
Check your EPF Balance online with an E-passbook
Find out how much money you have in your EPF (Employees’ Provident Fund) by following these steps:
- One may visit the official EPFO website or the Unified Member Portal (https://unifiedportal-mem.EPFindia.gov.in/memberinterface/).
- Please provide your password and UAN (Universal Account Number) to access your EPFO account. Before anything else, make sure you’re signed up.
- Obtain your electronic passport by logging into your account and navigating to the “Download” section or selecting the “Download/View Passbook” option.
- You will be prompted to choose the EPF account for which you want to get the passbook if your UAN is linked to several accounts.
- Simply click on the appropriate option to obtain or download the passbook online. The statement that is created by this will show your EPF balance, contributions (both employer and employee), interest earned, withdrawals, and transfers.
- Before using your electronic passbook, double-check that all of the data for the EPF statement online check is accurate.
What is an E-Passbook?
A digital alternative to the traditional paper passbook, an “e-passbook” may be used to record monetary transactions and account details. An electronic passbook provides a comprehensive overview of an employee’s account in India’s Employees’ Provident Fund (EPF).
It records all transactions about the EPF account, including contributions from employees and employers, interest credits, withdrawals, transfers, and any other relevant information.
How to Register for EPF Statement?
In most cases, the EPF balance statement online can be registered via the Employees’ Provident Fund Organisation (EPFO) website. Here are the steps:
- The EPFO Member Portal is worth checking out: One may go to the official EPFO website or the Unified Member Portal (https://unifiedportal-mem.EPFindia.gov.in/memberinterface/).
- Starting the use of the portal for the first time, go to the site and look for the “Activate UAN” button.
- All your names, date of birth, and personal identification details such as phone number, email address, UAN, member ID, Aadhaar, and PAN must be filled out in full. Please make sure that the information you present is what is on record with your KWSP.
- Entering the details, click “Get Authorization PIN” to confirm the one-time password. An OTP (One-Time Password) will be sent to the phone number you entered during registration. Enter the OTP used to verify your identity into the form to complete.
- You must use One-Time Password (OTP) to verify your password, then create a password to log in to your EPFO account. Select a strong password and check that it is checked correctly.
- Once you have activated your UAN and created a password, you may return to the homepage of the EPFO portal to begin using it. Next, come up with your login credentials (UAN and password).
- Following your login, complete your registration by following the on-screen instructions.
- Once your registration is complete and your EPF account is linked to your UAN, you will access your EPF statement on the website, commonly known as the e-passbook. Navigate to the relevant section to see or download your EPF statement.
How to Obtain Your i-Akaun Activation Code?
To get the I-Akaun activation code, please follow these steps:
- The first step is to join EPF I-Akaun. This process may be completed at any EPF counter.
- After you complete registering for I-Akaun, you will get a temporary login ID and password that you may use to activate your account. You will be given 30 days to complete the process when you get the login credentials.
Steps to Activate Your i-Akaun
To activate your i-Akaun, follow the steps:
- Access your I-Akaun account: https://www.kwsp.gov.my/.
- Press the “Login to Member (i-Akaun)” button.
- To proceed, click “Next” after inputting the temporary user ID.
- When prompted, enter your password and then click the “Login” button.
- After reviewing the agreement and confirming your acceptance, click the “Next” button.
- You will have to have a new set of credentials made for you. Your user ID must be an alphanumeric string of eight and sixteen digits.
- Protect your account with a strong password.
- Upon successful activation, a confirmation message will be shown on your screen. Submitting your login information is the next step.
Steps to Generate E-Passbook
To make your own EPF e-passbook, complete these steps:
- The EPFO Member Portal may be accessed on the official website. It may be accessed at this URL: https://unifiedportal-mem.EPFindia.gov.in/memberinterface/.
- Please provide your password and UAN (Universal Account Number) in order to access your EPFO account. If you are not currently a registered user, please do so.
- Check out the ‘Download’ section of the portal once you’ve logged in. You can usually find it from the primary menu or your dashboard.
- Click “Download Passbook” or “Download E-passbook” option. Choose it by clicking on it to go forth.
- Choose the Member ID eligible for an electronic passbook when you have to make an electronic passbook. This step is crucial when your UAN is associated with multiple EPF accounts.
- After you have entered the member’s ID, Select the “Generate Passbook” option to generate a passbook.
- In most cases, you will have either an online viewing or a PDF saving option upon receipt of the electronic passbook.
- An electronic passbook is available for download after you register, and you can either download and save or else print off a copy.
Benefits of EPF Online Statement
The EPF balance statement online, sometimes called an e-statement, offers account holders several benefits, including convenience, accessibility, and transparency. There are several benefits, but a few stick out:
- Customers can see their statements online whenever and wherever they choose. Avoid wasting time and energy travelling to EPF offices or waiting for paper statements using this convenient solution.
- Customers may easily access their electronic statements using the EPF Member Portal or mobile app, both available online.
- The electronic statement lets you monitor your account balance, contributions, interest, and withdrawals in real-time. This ensures that all EPF account details are up-to-date and easily accessible.
- Account holders may lessen the environmental impact of paper statements by opting for electronic statements instead. The present global trend toward sustainability and digitalisation is congruent with this.
To access your EPF statements online, you must often log in using your Universal Account Number (UAN) and password. Enhancing privacy and security reduces the likelihood of unauthorised individuals gaining access to vital financial data.
FAQ’s:-
You are not charged anything to see your EPF statement.
In addition to seeing your EPF account summary online, you now have the option to send an SMS to 7738299899 from your registered mobile number.
Above all else, you must ensure that your EPF account statement accurately reflects your financial situation. Nonetheless, you may notify your employer if you see any discrepancies in your EPF account statement.