As part of its annual interest distribution, the Employees’ Provident Fund Organization (EPFO) adds value to EPF accounts. As long as a person is employed, they will be required to contribute to the Employees’ Provident Fund (EPF), a social security scheme. EPF payments provide better interest rates and tax benefits than other modest savings schemes. At the end of each fiscal year, the interest is deposited into the EPF account after being calculated monthly. So, keep reading if you want to learn how to check PF balance by SMS.
What is EPFO?
Employees’ Provident Fund Organisation goes by the acronym EPFO. As an agency of the Indian government, it is formally recognised by the Ministry of Labor and Employment. Employees of Indian companies are required by law to participate in a social security program run by the Employees’ Provident Fund Organization (EPFO). The goal of the EPF system is to ensure that employees have a steady income in retirement.
Employees and their employers must contribute to a monthly provident fund account under this scheme. Earnings before taxes and the dearness allowance are used to calculate the employee’s contributions. When an employee retires, resigns, or uses the funds for a specified purpose (such as a down payment on a house, medical bills, or college tuition), they may access the money in their EPF account.
How to Check PF Balance?
● PF balance check with UAN number
Verify that your employer has enabled your Universal Account Number (UAN) before you may access your EPF amount. Each employee enrolled in the EPF system is assigned a unique identifier or UAN. All workers should have a single UAN throughout their careers, regardless of the businesses they work for. Since the whole EPF services process is now online, UAN is crucial. Withdrawals, EPF balance inquiries, and EPF loan applications are all conveniently accessible via UAN.
Follow these steps when your UAN number is activated:
- First, go to the EPFO website. Select “For Employees” from the drop-down box on the ‘Our Services’ page.
- Go to “Services” and choose “Member passbook.”
- The next step is to observe the login page. To access your UAN after activation, please provide your number and password.
- Choose “View Passbook ” once you’ve clicked on “Member ID.
- The screen will display your PF statistics.
- Choose the “Download Passbook” option to print the passbook.
● PF balance check using the UMANG/EPFO app
The UMANG app allows employees to view their EPF balance via their phones. The app allows you to do more than just check your EPF balance; it also lets you file and monitor claims. Members need to register for the app once using the mobile number that is registered with their UAN before they may use it.
- Go to the App Store or Google Play and download the UMANG app.
- On the ‘All Services’ menu, find the “EPFO” option and choose it.
- Under “Employee Centric Service,” find “View Passbook” and click on it.
- Receive a text message with your PF balance.
How to Check PF Balance Without UAN?
● PF Balance Check by Sending an SMS
Dial 7738299899 from your mobile phone for PF balance check SMS. The format for the message will be ‘EPFOHO UAN ENG’.
The how to check PF balance via SMS will ask you to choose your preferred language for conversation. To achieve this, just use the first three letters of the language you like. Simply input the first three letters of the term to get updates in English: EPFOHO UAN ENG. Enter EPFOHO UAN MAR to get Marathi message PF balance SMS.
You may use how to check PF balance through SMS service in these languages:
- English (ENG)
- Hindi (HIN)
- Punjabi (PUN)
- Gujarati (GUJ)
- Marathi (MAR)
- Kannada (KAN)
- Telugu (TEL)
- Tamil (TAM)
- Malayalam (MAL)
- Bengali (BEN)
To use the SMS balance check feature, ensure your UAN is up-to-date and linked to your bank account, Aadhaar number, and PAN. To get SMS balance updates, you must complete the eKYC using UAN if it is not already linked to your bank account, Aadhaar, or PAN.
● PF Balance Check Through a Missed Call
To see your EPF balance, just use your registered mobile number and make a missed call to the designated number. You will access this function once your UAN and KYC details are connected. Seek help from your employer if you cannot accomplish it alone.
Do this once you’ve integrated the UAN with your Know Your Customer data:
- From your registered mobile phone, dial 9966044425 to leave a message.
- You will get an SMS with your PF details after a missed call.
Before you may check your EPF amount by missed call, make sure the following conditions are satisfied:
- You should see UAN active.
- If you want to use the missed call function, you must ensure your mobile number is registered with the UAN.
- It is vital to link the UAN to other documents like the PAN, Aadhaar, and bank accounts.
- Using the EPF balance check using a mobile number service is free of charge.
Things to remember
Keep these things in mind:
- To access the EPFO Portal and see your EPF balance, your UAN must first be activated and registered there.
- Six hours after enrollment on the EPFO Portal, you will have the option to see the passbook.
- The most current entries reconciled by the EPFO Field Offices will be reflected in the passbook.
- Exempted establishments or private trust members cannot access checks for EPFO balances.
Is the e-Nomination process for PF account mandatory?
The Employees’ Provident Fund Organization (EPFO) does not require nomination for PF accounts. But, to ensure that your loved ones are taken care of after your death, it is recommended that you submit an electronic nomination for your PF account.
How to submit an e-nomination in EPFO?
Follow the steps below:
- Join UAN and get access to the e-Sewa portal.
- After you’ve entered your UAN number, password, and captcha code, click the ‘Sign In’ button.
- From the ‘Manage’ menu, choose the ‘E-nomination’ option.
- Select “Yes” to make changes to the family statement.
- To add this family member’s details to the online nomination form, click the “Add Family Details” button. It is also possible to add more than one candidate.
- To see the entire number of shares, click on “Nomination Details.”
- Press “Save EPF Nomination” after that.
- At last, choose “E-sign” to generate an OTP and send it to the mobile phone number associated with Aadhaar.
How to check a PF balance without a registered mobile number?
You may see your PF balance without repeatedly entering your registered phone number. All you need is your UAN and password to log in and see how your PF is doing. Here is a simple process for you to follow:
- First, enter your UAN and password into the PF passbook gateway.
- Click the “View PF Passbook Old” option after selecting the account you want to view your PF balance for.
- In the third and last column of the passbook, you may see the total amounts contributed by employees and employers to your PF account, along with the pension balance.
- Select “view passbook” to see PF contributions broken down annually.
Why Should You Invest in a Fixed Deposit?
Putting money into a fixed deposit (FD) could be a smart move financially for a few reasons:
● Consistency and Safety
Because of the certainty of their return, fixed deposits are among the most secure investment vehicles. You may rest easy knowing that your initial investment and interest rate will stay there for the life of your deposit.
● Results You Can Rely On
Fixed deposits (FDs) provide stable returns, in contrast to the wildly unpredictable stock market and mutual fund markets. Over the deposit’s life, you will earn a certain amount of interest.
● Safeguarding Investments
For those who value the preservation of money above strong profits, FDs are a great choice. Fidelity deposits guarantee that your original investment stays the same since the principal amount is not affected by changes in the market.
● Access to funds
Even though FDs are meant to be held for the long haul, you may still get out of them early with a penalty from most banks. Although the interest rate is lowered, this does give liquidity in the event of an emergency.
FAQ’s:-
No, an Aadhaar card would not allow you to see your EPF balance. You can’t see your EPF balance without entering your UAN.
It is possible to see all EPF accounts associated with a UAN by logging onto the EPF website. Select the member ID linked to your previous account to see your balance.
The amount you have contributed to your EPF will be shown in your passbook one day after the transaction. It is necessary to wait at least one day after the donation to access the EPF account. Contact your HR department or the EPFO helpline to submit a complaint if your EPF balance has not been updated two days after contributing.