The EPFO is the short form of Employees Provident Fund Organization which is authorized to assist the Central Board of Trustees, a statutory body formed under Employees Provident fund and miscellaneous act, 1952. The EPFO is a regulatory body that administers the functions related to the EPF scheme in India. The EPFO is a social security organization aiming to provide social security to workers or employees engaged in the organized sector.
EPFO initially managed the provident fund, but was later given the authority to manage the Provident Fund Pension in 1995. Money received from the Provident Fund and Pension Schemes are further invested in numerous financial instruments by the EPFO.
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The employee provident fund is another name for pension fund. It is the amount of money that is deducted from the monthly income of the employee for retirement. The provident fund account accumulates the contributions made by both the employee and the employer. Its purpose is to provide the employee with a lump sum payment at the time of retirement.
There are a number of ways through which EPF balance can be checked. The EPF balance can be checked online by using the EPFO website or by using the UMANG app.
An employee or a member can also enquire on the balance in the PF account by sending an SMS. The EPFO has enabled members to know the details on the latest contribution and PF balance by sending a text message through mobile.
SEE ALSO: EPF Investment: Is It Good?
Using the SMS is one of the easiest ways of knowing EPF balance as it is less time consuming, compared to other methods. This service can be used if you have a mobile phone. You do not need internet connection or even visit a website to know EPF balance through SMS service. The EPFO has launched the SMS service along with other modes and apps to allow members to check the status of their PF account as well as know the balance.
With advancing technology, the process of checking provident fund is simple. The EPFO has launched an online portal as well as mobile app that help users know their PF balance easily, without having to wait for employers to share the provident fund statement. The Short Messaging Service (SMS) is one of them. The SMS service is also a digital communication tool that enables the user establish quick communication for retrieving data/information related to the PF account.
The EPFO has facilitated different ways to empower members and help them get the desired information by using these services. Apart from the SMS service a member can also get EPF related information by using the following methods:
SEE ALSO: NPS VS EPF
A member can get the details of PF balance by giving a missed call provided his KYC details are integrated with the UAN. The member can give a missed call on the number 011-22901406 from UAN registered mobile number. When the subscriber gives a missed call on this number he/she receives an SMS containing the EPF balance in the member’s account.
The balance of your EPF account can be checked anytime on the screen of Smartphone using the UMANG app. The user must install the UMANG app from the Google Play Store and follow the steps given below to check EPF claim using the UMANG app:
The member can also check the EPF balance using the Unified portal. Follow the steps given below to know PF balance using the UAN:
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