How to check PF balance through SMS on EPFO website, Know PF account benefits

Published: June 7, 2021 04:25 PM2021-06-07T16:25:00+5:302021-06-07T16:25:00+5:30

Next

The Employees Provident Fund Organization (EPFO) provides PF facility to all employees. For this a certain amount is deducted from the salary of the employee to be credited to the PF account.

The amount saved through PF is beneficial to employees after retirement. However, PF account holders get many benefits not only after retirement but also through this account.

Often you don't even know how much money has been credited to your account so far or why it is not credited. But today we will learn how to check it out at home.

If you have a number registered with EPFO, you can avail this facility and you can get the information about the amount deposited in your account through SMS.

For this you have to write EPFOHO UAN ENG (the last three letters are for language options) on 7738299899. You will then receive information about the amount deposited in your account on your mobile number.

If you want to know this in Marathi, you have to text EPFOHO UAN MAR.

You can get PF balance checking service in English, Punjabi, Marathi, Hindi, Kannada, Telugu, Tamil, Malayalam and Bengali.

For PF balance you need to have UAN, bank account, PAN and Aadhaar Card linked.

You can also check your balance on the passbook from EPFO's website. You must have a UAN number to view the passbook.

Many facilities are also offered to the customers including PF account. It also offers insurance, tax breaks, pensions, interest on inactive PF accounts and withdrawals when needed.

Any employee opening a PF account is automatically insured. Under Employee Deposit Linked Insurance (EDLI), an employee is insured up to Rs 7 lakh.

In case of death during the service period of active members of EPFO, its designated and legal heirs get financial assistance up to Rs. 7 lakhs. This help is provided by the companies and the central government to their employees. Recently, increase the amount of assistance from Rs 6 lakh.

PF is the best option if you want tax relief. But the new tax system does not have such a facility, but you should know that the old tax system has this facility. EPF account holders apply income tax to their salary as per section 80C.

8.33% of the amount deposited in the PF account is credited to the Employees' Pension Scheme. This amount is received in the form of pension after retirement. Retirement is a major factor in a person's old age. For this, the government also runs various schemes.

PF Fund is a great facility. From this you can withdraw certain amount of money when needed. So you don't have time to borrow.