The Employees Provident Fund is a retirement scheme offered and managed by the Employees Provident Fund Organisation. This monthly investment plan is exclusively for salaried employees and workers of companies and other business entities under the EPF Act. So, the EPF Scheme allows employees to accumulate a large corpus of retirement funds by investing a little portion of their salary every month. The current interest rate is 8.15 percent at which the funds of subscribers are growing annually. So, in case you want to check your accumulated PF balance here are the different ways.
Different Methods to Check EPF Balance
Via Missed Call
With registered mobile, number subscribers can give a missed call to 9966044425 number and you will get an SMS carrying all information about their PF balance and contributions. But only if your UAN is seeded with a bank account, aadhaar, and PAN.
Subscribers can also send an SMS to 7738299899 number in this format: EPFOHO UAN, to check their last contribution and PF balance.
Via UMANG App
You can download and install the UMANG app from the Google Play Store to check all the details of your EPF account including your PF balance.
Major Details About EPF Scheme
Although EPF is a retirement fund under which employees get their accumulated funds as pension after retirement, the EPFO allows early withdrawals on a few conditions.
One of the major and most common reasons for your claim to be rejected by the EPFO field office is fed wrong details into the portal.
UAN and Aadhaar Linking
“For withdrawal purposes, seeding of Aadhar and UAN is required, without which the request can be declined by EPFO, a statutory body looking after all things related to provident funds in India,” mentioned News18.
Un Updated bank details are also one of the major reasons for the denial of your EPF claims. Your bank account number should be operational along with the rightly matched IFSC code.