In such cases, if an employee is unable to find any details of old inoperative EPF accounts, those individuals can contact the EPFO helpdesk to get their EPF balance in old accounts transferred to their currently active accounts. According to the notification, the rule to be effective on April 1, will only apply to those contributions that exceed INR 2.
Furthermore, in order to operationalise the new rule, the existing PF accounts will be split into two. To put that into perspective, all PF accounts will be split into taxable and non-taxable accounts. Certain announcements have been made by the EPFO which will help its subscribers withdraw funds to ease financial burden.
Update 1: Subscribers who availed their first Covid advance are eligible for another. An individual can check out their final EPF balance in their previous company. You cannot check your EPF balance by using your Aadhaar number. The SMS facility is available only on the registered mobile number.
This is because information about EPF balance is messaged only to registered mobile numbers. Therefore, you must mandatorily link your digit mobile number with your UAN to avail the missed call service. It is better to keep the same EPF account number, even if you change the jobs, as it will be easy for EPF calculations. The facility is now discontinued. You can avail a loan against your EPF balance based on the years of your service. You have to submit Form 31, which will show your EPF account number, salary and other details, to your employer and the employer should apply for the loan directly to EPFO along with other relevant documents.
You can withdraw your PF corpus completely after two months of unemployment. You need to register with EPFO to view and download the balance statement. Investing in Employee's Provident Fund EPF , also referred to as PF, helps you save for retirement and make the most of your employment years, as it comprises contributions made by you and your employer. To efficiently plan for retirement, it is essential to know the balance of your PF account.
Understanding the balance will indicate how your savings match your goals and if you need to make other investments. It is essential as an informed investor to know how much you have in the EPF account as it is a sizeable corpus that can be reserved for critical financial goals. Furthermore, with various withdrawal options available, you can look at re-investing your EPF amount in the future to achieve your financial plan. All you need to do is send a text message to You can also print the same if you need to.
You can then click on 'Services' and select the 'Member passbook' option. Then, you will need to enter your UAN and password to view your passbook.
The government launched the Umang app to make it convenient for you to check your PF balance. With this app, you can view your passbook, raise a claim, and track the claim. Market Watch. ET NOW. Brand Solutions. Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat.
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