Now Ease Your EPF Balance Enquiry with Online EPF Balance Checking Facility
EPF at a glance
The Employee Provident Fund (EPF) is a benefit that the employees with a fixed salary get after their retirement. EPF is a fund in which the employer and the employee contribute an equal amount every month which is 12% of the basic income of the employee. This percentage of 12 has been pre-decided by the government. Though there is a provision to increase the contribution of the employees to a maximum of 20 percent of the basic salary amount each month. The contribution to EPF paid by the employer is set at the 12 percent (minimum) towards the EPF. The employer contribution is bifurcated in EPF and the pension scheme. Rs 541 are contributed towards the pension Fund and 12 percent of Basic salary minus Rs 541 is paid towards EPF from the Employer's side.
EPF Balance Enquiry
This entire gamut of EPF Balance Enquiry paid by the employee and the employer can be checked online. All that needs to be done is to log on to the EPF website and fill the asked information like the Permanent Account Number (PAN) and EPF account number. After this information, you will be asked for your contact number and the EPF balance towards EPF account and the pension account will be messaged to your number and you will get the total amount deposited in each of these sections.
In case you want to check onlineEPF balance month by month breakup or the history of the contribution that has happened towards your EPF. You need to logon to the members portal. With the necessary information that is asked you can make an account over there. With the Account created now you have to enter your EPF account number you will get the history of the EPF Balance that you and the employer have made towards EPF.
To check EPF balance status after you have created your login id you have to logon to the members portal for EPF. With the login id and the contact number entered, you will get a PIN send to your contact number. With the help of this PIN and the EPF account number, you will be able to check EPF balance transactions again.
The PDF file that pops up when you check the history of the Employee Provident Fund (EPF) contains columns for Employee contribution, Employer Contribution and the contribution towards Pension Fund. You can check onlineEPF balance every month if you want to. The status is updated every month the contribution towards EPF is made.
Yield from EPF
Now EPF accounts will yield a return of 8.75 percent annually. In Employee Provident Fund, the accumulated amount can be claimed at the time of your resignation or retirement based on its occurrence. In the case of change of one's job, the amount can be transferred from the old company to the new one. Loans can be applied for by individuals on their EPF Account, for their personal financial requirements by submitting a list of the documents required for the sanction of the loan. The total amount that is invested for the EPF can be claimed for exemption under section 80C.
The Employee Provident Fund (EPF) is a benefit that the employees with a fixed salary get after their retirement. EPF is a fund in which the employer and the employee contribute an equal amount every month which is 12% of the basic income of the employee. This percentage of 12 has been pre-decided by the government. Though there is a provision to increase the contribution of the employees to a maximum of 20 percent of the basic salary amount each month. The contribution to EPF paid by the employer is set at the 12 percent (minimum) towards the EPF. The employer contribution is bifurcated in EPF and the pension scheme. Rs 541 are contributed towards the pension Fund and 12 percent of Basic salary minus Rs 541 is paid towards EPF from the Employer's side.
EPF Balance Enquiry
This entire gamut of EPF Balance Enquiry paid by the employee and the employer can be checked online. All that needs to be done is to log on to the EPF website and fill the asked information like the Permanent Account Number (PAN) and EPF account number. After this information, you will be asked for your contact number and the EPF balance towards EPF account and the pension account will be messaged to your number and you will get the total amount deposited in each of these sections.
In case you want to check onlineEPF balance month by month breakup or the history of the contribution that has happened towards your EPF. You need to logon to the members portal. With the necessary information that is asked you can make an account over there. With the Account created now you have to enter your EPF account number you will get the history of the EPF Balance that you and the employer have made towards EPF.
To check EPF balance status after you have created your login id you have to logon to the members portal for EPF. With the login id and the contact number entered, you will get a PIN send to your contact number. With the help of this PIN and the EPF account number, you will be able to check EPF balance transactions again.
The PDF file that pops up when you check the history of the Employee Provident Fund (EPF) contains columns for Employee contribution, Employer Contribution and the contribution towards Pension Fund. You can check onlineEPF balance every month if you want to. The status is updated every month the contribution towards EPF is made.
Yield from EPF
Now EPF accounts will yield a return of 8.75 percent annually. In Employee Provident Fund, the accumulated amount can be claimed at the time of your resignation or retirement based on its occurrence. In the case of change of one's job, the amount can be transferred from the old company to the new one. Loans can be applied for by individuals on their EPF Account, for their personal financial requirements by submitting a list of the documents required for the sanction of the loan. The total amount that is invested for the EPF can be claimed for exemption under section 80C.
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