Employee Provident Fund (EPF): A Comprehensive Guide to Checking and Understanding Your Balance

The Employee Provident Fund (EPF) is a crucial financial reserve where a portion of your salary is systematically saved to ensure a secure retirement. The EPF balance reflects the total contributions you've accumulated, making it a significant milestone in your financial journey. This guide will help you navigate and understand your EPF balance effortlessly.

1. Understanding EPF Balance

• Your EPF balance is the total sum of your monthly salary contributions collected in your EPF account, specifically linked to your name and a unique date.

2. Various Ways to Check EPF Balance

a. EPFO Portal or UAN Number:

• Access the EPFO's member portal.
• Select 'Know your balance' option.
• Enter your PF account number and registered mobile number for detailed balance insights.

b. UMANG App:

• Download the UMANG app on your mobile.
• Register using your mobile number for immediate access to your EPF balance.

c. Missed Call or SMS Service:

• Make a missed call or send an SMS to the assigned number using your registered mobile to quickly get balance details.

d. PF Passbook Portal (Without Registered Mobile Number):

• Log in to the PF Passbook Portal with your UAN and password to view your balance without requiring a registered mobile number.

3. Contribution Structure: Employer and Employee

• Both employer and employee contribute 12% of the basic salary to the EPF account.
• The full 12% of the employee's contribution goes into the EPF account, while 3.67% of the employer's contribution is directed to the employee's EPS.

4. Tax Benefits: A Positive Aspect

• The employer's EPF contributions are tax-exempted.
• Employees can claim tax deductions under Section 80C of the Income Tax Act.

5. Importance of EPF Balance: Securing Your Future

• EPF balance forms the bedrock of a secure retirement savings plan.

6. Conclusion: Understanding Your Retirement Portfolio

• Discovering your EPF balance is a vital step in grasping your financial outlook.
• Explore various methods like the EPFO portal, UMANG app, missed call or SMS service, and the PF Passbook Portal for a complete balance check.

Equip yourself with the understanding of your EPF balance, serving as a financial guide towards a secure and prosperous retirement.

Disclaimer: Processes and guidelines are subject to change. Confirm details through official channels for the most current information.