How To Check Provident Fund Balance? What Is Provident Fund?

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What Is PF?

Provident Fund (PF) is an Indian savings scheme for employees. Under this plan, the employer and the employee regularly contribute to the employee's retirement savings. The contributions are made monthly, and the funds are managed by the Employees' Provident Fund Organisation (EPFO).

Purpose Of PF:

The Provident Fund balance grows with interest over time. The employee may withdraw it upon retirement or in the event of other specific circumstances such as illness, disability, or unemployment. The scheme aims to provide employees with financial security after they retire or cannot work due to unforeseen circumstances.

The amount contributed by the employee towards PF is deducted from their salary, while the employer also contributes an equal amount. The contributions are calculated as a percentage of the employee's basic salary and dearness allowance. The current contribution rate is 12% of the basic salary and dearness allowance for both employee and employer.

To check your Provident Fund (PF) balance, you can follow these steps:

  • Visit the official website of the Employees' Provident Fund Organisation (EPFO) at www.epfindia.gov.in
  • Click "For Employees" under the "Our Services" section on the homepage.
  • Select "Member Passbook" under the "Services" section.
  • Enter your Universal Account Number (UAN) and password to log in. If you haven't activated your UAN yet, you can click on the "Activate UAN" option on the homepage.
  • Once logged in, you can see your PF passbook, which will display your PF balance and other details such as contributions, withdrawals, etc.

Other Ways To Check PF Balance:

Alternatively, you can check your PF balance through the Umang app, which is available on Android and iOS platforms. You must download the app and log in using your UAN and password to access your PF balance. Employees who have activated their UAN can send an SMS to 7738299899 to check their PF balance.

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