It is important to regularly check your PF balance and ensure that your company deducts the correct amount from your salary and deposits it into your PF account. The company is required to deposit 12% of your salary into your PF account every month and must also match this amount. The EPF is a great saving option and is a major benefit for employees upon retirement. The central government also deposits interest on this account every financial year. The interest rate for the financial year 2022-23 was 8.15%, but it has now been fixed at 8.25% for the financial year 2023-24.
There are several ways to check your PF balance without visiting the PF office or needing a UAN. You can give a missed call to a single number, 9966044425, and receive your PF balance details via SMS, as long as your bank account, Aadhaar card, and PAN numbers are linked to your UAN. You can also check your PF balance through SMS by sending EPFOHO UAN to 7738299899, where you will see the balance of your PF account and the last transaction details.
To view your PF passbook, log in to the EPFO website and click on the View Passbook option in the Employees section. You can also use the Umang app to know your PF balance, claim details, and KYC status. Simply register through mobile number verification and select All Services, then click on the EPFO option and select View Passbook.
Remember that the central government annually deposits interest on the money in your PF account, which is determined and credited at the end of each financial year. While the interest rate for the financial year 2022-23 was 8.15%, EPFO has proposed 8.25% for the current financial year, pending approval from the central government.
