epfindia.com Know Your EPF Balance : Employees provident Fund Organisation

Organization : Employees provident Fund Organisation
Facility :Know Your EPF Balance

Home Page : http://www.epfindia.com/site_en/For_Employees.php?id=sm2_index
Epf here : http://epfoservices.in/epfo/member_balance/member_balance_office_select.php

How To Know Your EPF Balance?

** Please click on the following link to know the balance in your EPF Account upto the date, the accounts are updated, which also includes the latest approved transactions of settlement/advances/transfer-in/transfer-out,if any.

Related : EPFO View EPF Account Passbook Online : www.statusin.in/6106.html

** Select the EPFO office where your account is maintained and furnish your PF Account number.
** Leave the extension field blank, in case your account does not have one.
** You will be asked to enter your name and mobile number. The given mobile number will be recorded along with the PF Account Number.
** On successful submission of above information, the details will be sent through SMS to the given mobile number.

Employer Responsibilities

** EPFO solicits cooperation of all establishments in ensuring a decent post retirement life for all workers.
** EPFO solicits advice and suggestions from employers and establishments in facilitating achievement of this goal.

** Enrolment of all eligible employees on its rolls (regular or contractual) – wages upto Rs 15,000 at the time of joining the establishment.
** New employee already a member of EPF from his/her previous employment would continue to remain EPF member.

** Confirm remittance status of contractual employees belonging to an EPF registered establishment before releasing payment to such contractors.

** Enroll employees drawing wages more than 15,000, if they so desire.
** Verify and confirm that all employees have KYC (Aadhaar, Bank Account, PAN) compliant UAN (Universal Account Number).

Employer Responsibilities –Return & Remittance :
** Generate UAN for new employee and upload KYC information.
** Update family particulars and nomination of all employees who are EPF members.

** Deduct employee share from employee wages, add matching employer contribution, EDLI contribution and administrative charges and remit to EPF along with prescribed return immediately after disbursement of salary. (last date 15th of the month).

** Before making payment to contractor, Principal Establishment should verify whether EPF remittances have been made by contractors
** If remittance is not made, deduct the amount from payments being made to contractors and pay to EPFO {Section 8A, EPF & MP Act 1952}

About Us :
The Employees’ Provident Fund came into existence with the promulgation of the Employees’ Provident Funds Ordinance on the 15th November, 1951. It was replaced by the Employees’ Provident Funds Act, 1952. It is now referred as the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 which extends to the whole of India except Jammu and Kashmir. The Employees’ Provident Funds Bill was introduced in the Parliament as Bill Number 15 of the year 1952 as a Bill to provide for the institution of provident funds for employees in factories and other establishments. Since its enactment in 1952, the Act has been amended 15 times.

Features of EPF

The Employees’ Provident Fund (EPF) is a retirement savings scheme that is mandatory for all employees in India who are earning a salary of up to Rs. 6500 per month. Under the EPF scheme, both the employee and the employer contribute 12% of the employee’s basic salary and dearness allowance towards EPF. The EPF interest rate is set by the government every year and is currently 8.10% p.a.

The EPF has a number of features that make it a popular savings scheme, including:
** Tax benefits: The employee contribution to EPF is eligible for tax deduction under Section 80C of the Income Tax Act. This means that you can claim a deduction of up to Rs. 1.5 lakh per year for your EPF contribution.
** Guaranteed returns: The EPF is a government-backed scheme, which means that your investment is guaranteed by the government.
** Flexibility: You can withdraw your EPF money after completing 5 years of continuous service. You can also withdraw your money for certain other purposes, such as medical emergencies, house construction, and higher education.
** Compulsory contribution: The EPF contribution is mandatory for all eligible employees. This means that you don’t have to worry about saving for retirement. Your employer will automatically deduct the EPF contribution from your salary and deposit it into your EPF account.

Additional Simplified Procedure

There are 4 ways to check your EPF balance online:

1. Through the EPFO website:
** Go to the EPFO website: https://unifiedportal-mem.epfindia.gov.in/
** Enter your UAN and password.
** Click on the “Member Passbook” tab.
** Your EPF balance will be displayed on the screen.

2. Through the UMANG app:
** Download the UMANG app from the Google Play Store or the Apple App Store.
** Open the UMANG app and click on the “EPFO” option.
** Enter your UAN and registered mobile number.
** Your EPF balance will be displayed on the screen.

3. Through SMS:
* Send an SMS to 7738299899 with the following format:
* EPFOHO <UAN> <Language Code>
* For example, to check your EPF balance in English, you would send the following SMS:
* EPFOHO 1234567890 ENG
* The language code is optional. If you do not specify a language code, your EPF balance will be sent in English.

4. Through the EPFO toll-free number:
** Call the EPFO toll-free number: 1800118005.
** Provide your UAN and registered mobile number.
** Your EPF balance will be communicated to you over the phone.

Here are some additional things to keep in mind:
** You must have a UAN to check your EPF balance online.
** You must have registered with the EPFO member e-Sewa portal to check your EPF balance through the UMANG app or by sending an SMS.
** You must have a registered mobile number linked to your UAN to check your EPF balance through SMS or by calling the EPFO toll-free number.