Introduction: How to Check PF Balance
In this post, we will learn about what are the different options available to Check PF balance online using UAN Number in a simple and easy way.
Investing in Employee’s Provident Fund (EPF), also mentioned as PF, assist you on the other hand retirement and make the foremost of your employment years. Because it comprises contributions made by you and your employer. In order to efficiently plan for retirement, it’s essential to understand the balance of your PF account. This will give you an indication of how your savings match up to your goals, and if you need to make other investments.
It is important as an informed investor to understand what quantity you have got within the EPF account. Because it could be a sizable corpus that will be earmarked for important financial goals. With various withdrawal options available, you’ll check out re-investing your EPF amount within the future to realize your budget.
To check PF Balance online we have 4 options as mentioned below.
- Umang Application
How To Check EPF Balance in Mobile?
We have a different option to check our PF balance through mobile. let us discuss the ways in which we can check our EPF balance easily.
1. Checking EPF Balance via SMS
If you have registered your UAN with EPFO (Employee Provident Fund Organisation), you can check your PF balance simply by sending an SMS. Only you need to do is send a text message as ‘EPFOHO UAN ENG’ to 7738299899. Here, UAN will be your personal UAN Number and ENG is the first three letters of your language choice. Supported languages are Telugu, English, Hindi, Bengali, Kannada, Gujarati, Malayalam, Punjabi, and Tamil.
2. Checking EPF Balance via the EPFO portal
You can go to the new EPFO portal to view your PF passbook. You can also print the same if you want your passbook. Only you require to visit www.epfindia.gov.in, go to ‘Our services’, and choose ‘For employees’.Now click on the ‘Services’ option and then select the ‘Member passbook’ option. Next, you have to enter your UAN number and password to see your passbook. Although the UAN is given to you by EPFO, it is essential that your employer verifies and activities it in order for you to use these services.
3. Checking EPF Balance via the Umang application
The government has launched the Umang app to execute it convenient for all to check your PF balance. By this app, you can see your passbook, raise a claim, also track the claim through this app. Only you require to do is register by providing a one-time password that is sent to your mobile number.
4. Checking EPF Balance via a Missed Call
If you already registered and activated your mobile number on the UAN portal, also if you have completed KYC for your UAN number, then you can also check your balance by missed call. Only you need to do is give a missed call to 011-22901406 from the mobile number which you have registered with your UAN number. The phone call gets disconnect automatically after two rings. Which means that you no need to pay any charges. You will now receive details with shows your balance and the last addition made to your PF account in the form of a text message.
Multiplying your EPF corpus
EPF is a debt-based investment instrument that doesn’t have any exposure to the market. Thus, it could fetch you negative returns when inflation goes very high.
Checking the EPF balance is now easy, it is also easy to withdraw your EPF also make more on it. If you transfer or withdraw your EPF, consider a very profitable fixed-income concept like a fixed deposit, which gives secured returns.
Why Should You Invest in Fixed Deposit?
Fixed deposits are favored financing avenues, which benefit you to earn profit and grow your savings quickly. As one of the most protected investment options, Bajaj Finance Fixed Deposit Bajaj Finance FDs are quite varied.
Both provide you the opportunity to keep earning interest while also giving you a loan of up to Rs.4 lakh upon the FD. This aids in your liquidity situation and emergency cash crunch.
Additional advantages of Bajaj Finance FD investments:
- High Interest – You can avail 1-2% more than bank FD’s, which enables new investors to grow their investment capital by 49%, and for senior citizens by 51%
- Assurance of Safety – With high ratings from leading credit rating firms like CRISIL and ICRA, these FD’s are equally safe in comparison to EPF.
- Advanced features – Bajaj Finance FD gives you various advantages like auto-renewal, multi-deposit facility, debit card investment which give your investments manageable.
- Smart Investing – Using a combination of cumulative and non-cumulative FDs, you can build a normal flow of income as well as create a corpus for the future. Laddering properties across various business rate slabs will further help you benefit from the averaging of shifting interest rates and improve your overall incomes.
So, you use the above methods to check your balance or the last contribution to your EPF amount conveniently, as and when you feel the need to. You can also prefer to increase your donation towards your account by assisting with a high-yielding fixed deposit.
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