Investing from an early age instils a sense of discipline, awareness and most importantly, it gives you a cushion to fall back on in your golden years. To ensure this outcome, the government launched the Employee Provident Fund. Here, you and your employer make regular monthly contributions throughout your working years on which you earn attractive interest, currently 8.55%.
While you can claim EPF when you quit your job or on superannuation, most often it is withdrawn at retirement, and hence it is very important for you to periodically check the PF balance and keep a tab on your finances. Unlike earlier, checking your PF balance is now easy and convenient as you can do so online.
In fact, there are 3 ways to check your PF balance online from the convenience of your home. Take a look at what they are.
Through the EPFO website using UAN1. To check your PF balance, visit the EPFO website and follow these simple steps:2. Log on to the Employees’ Provident Fund Organisation website.3. From the menu, click on ‘Our Services’.4. From the options, choose ‘For Employees’.5. Click on ‘Member Passbook’.6. Enter your UAN and password, and click on ‘Login’.
Through the UMANG app
Alternatively, you can also check PF balance using the UMANG app, where UMANG stands for Unified Mobile Application for New Governance. It is a convenient mobile application by the Government of India that gives you access to over 1,200 government services in different Indian languages. You can download this app from the Google Play Store. Through this unified app, you can not only access your PF account details but also make withdrawal requests. To avail these services, make sure that your KYC details like Aadhaar number and UAN are linked. To check your PF balance through UMANG app, follow these steps.1. Install and open the app.2. Choose ‘EPFO’ from the homepage.3. Select ‘Employee Centric Services’.4. Click on ‘View passbook’.5. Enter your 12-digit UAN and click on ‘Get OTP’.6. Once you receive the OTP on your registered mobile number, enter it.7. Click on ‘Login’ to view your PF balance.
Through the EPFO appFinally, you can also use the -Sewa application to check your EPF balance. This is an application created by the EPFO and is easy to use as well. Here’s how to check EPF balance using the EPFO app.1. Download and install the app.2. Once installed, click on ‘Member’.3. Then click on ‘Balance/Passbook’.4. Enter your UAN and registered mobile number to log in.5. Once the app verifies your mobile number, you can view your PF balance.
Checking EPF balance was never this easy. With your EPF account information at your fingertips, you can plan your finances for the future as well. For instance, if you are nearing retirement and wish to grow your PF account’s maturity proceeds further, you can view the total and then evaluate lucrative options. One such avenue is a fixed deposit. It will keep the amount safe and offer substantial assured returns.
For absolute safety consider investing in fixed deposit as they are rated FAAA by CRISIL. In addition to this, you can enjoy high-interest rates of up to 9.10% as a senior citizen when you invest in a cumulative FD for at least 36 months or up to 8.75% as a regular investor.
So check your PF balance online using these three methods and then use the FD calculator to predict your returns beforehand, to know the exact amount you’ll get from the FD you choose on maturity!