NEW DELHI: Although a retirement savings tool for salaried employees, your employees provident fund (EPF) balance can be withdrawn from the Employees’ Provident Fund Organisation (EPFO) under certain circumstances like marriage or sickness in the family, children’s education, purchase of property or repayment of housing loan, or even to finance your LIC policy.
If you are nearing retirement, then you must know that you can withdraw 90% of the total PF balance.
Therefore, whether you are doing your retirement planning or wish to withdraw your PF balance for meeting expenditure, you must keep a track of the funds parked in your PF account. Many of employees also invest in the voluntary provident fund (VPF), which can also be tracked through your EPF balance.
All this can be done simply by logging in to the EPFO website, on the UMANG app, or by sending an SMS or a missed call. THE EPFO provides you these four ways to check your PF balance anytime you want to:
Go to the EPFO website (www.epfindia.gov.in) and click on “For Employees" in the “Our Services" section. On the new page, click on “Member Passbook", where you will be asked to enter your UAN and password. Once you log in, your passbook showing both your and your employer’s contribution and the interest earned thereof will come up.