EPF Balance Check: Employees who draw Rs 15,000 per month or more and are members of the Employees’ Provident Fund Organisation (EPFO) are required to contribute a statutory 12 per cent of their salary (basic + dearness allowance) toward their Employees’ Provident Fund (EPF). Meanwhile, an employer’s contribution is also 12 per cent which is distributed under two heads – 3.67 per cent towards EPF while the remaining 8.33 per cent towards EPS or Employees’ Pension Scheme.
An EPF member can check his account balance anytime and also get a month-on-month breakup of the amount being credited into his account.
It is easy to check the balance online. Balance can be viewed by activating your Universal Account Number (UAN). One can also download his passbook.
How to Check EPF Balance Online:
1) Visit the EPFO website. Go to the ‘Services’ tab and Click on ‘For Employee’.
2) Go to the Member Passbook (https://passbook.epfindia.gov.in/MemberPassBook/Login)
3) Put your UAN and enter Password.
4) Enter Captcha and Login.
5) After logging in, you can check your EPF Balance.
You can also check balance or View Passbook through UMANG App. This is a government app for availing various government services including viewing of the EPF Passbook.
All you need to do is download this app and get yourself registered. You can login through MPIN or OTP. You need to enter your mobile number and enter MPIN or OTP.
5 facts on Employers’ contribution to your EPF accounts:
1) An employer cannot deduct his share of contribution from the wages of employees. It is not permissible and any such act is a criminal offence.
2) Wages cannot be reduced by the employer on account of payment to the EPF. It is barred under Section 12 of the EPF & MP Act, 1952.
3) An employee is entitled for full interest on the belated deposit of PF dues by the employer. After realising the dues, the employer must pay interest in full for each due month and it will in no way affect the interest on the contribution made by the member.
4) Employer is not liable to pay contributions if he is not in service or has left the organization.
5) The provident fund amount due to the employee will be paid only to the extent of the amount released by the employer.