EPF Balance Enquiry

EPF Balance Enquiry January 2019 – All about |EPF Balance Enquiry| |EPF Balance Passbook| |PF Balance Check with UAN Number| |Statement| |SMS| |Mobile App| |UAN| |Missed Call| |Member Passbook| All about EPF Balance Enquiry.

Now we can learn EPF balance both online and SMS. To check through the EPF balance SMS, you first need to know your Universal Account Number (UAN) which you get from your office where the EPF is cut. This number meets every EPF investor, which at any time gives information about the investment made by him. This is a unique number and is different for everyone.

Ways to Check PF Balance

  1. Throgh Missed Cal
  2. Through Getting SMS
  3. Monthly SMS Update
  4. Through Mobile App
  5. Through EPF Passbook

How to check EPF Balance through SMS

Know your PF Balance by sending an SMS to the EPFO. It is possible to know the PF Balance from SMS that you can get it in your language. EPFO facilitates SMS in 10 major languages of the country. These are languages – English, Hindi, Telugu, Punjabi, Gujarati, Marathi, Kannada, Tamil, Malayalam and Bengali. You can use this feature in the following way.

You can send SMS by typing in the mobile number 7738 299 899 in this format – EPFOHO UAN ENG.

The last three characters in it are ENG, they are for your SMS language. Therefore, you will also be sending the SMS on behalf of the EPFO in English only. If you want to send an SMS in Hindi then you need to send HIN instead of ENG. Similarly, for any other language you can send the SMS by changing the last three letters.

How to check EPF Balance through Missed Call

The most convenient and free way to know the EPF Balance is Missed Call. EPFO has issued mobile number 011 2290 1406 for PF Balance Inquiry. You can know your PF Balance by calling from your registered mobile number whenever you want.

How to check EPF Balance through Mobile App

The EPFO has also released an app to keep its members updated with key information related to PF. The name of this app is m-epf. You can download it from the EPFO website or from the Google Play Store. It’s currently only available for Android users. iPhone users can not use it

How to check EPF Balance through UAN

Login to Uan Portal, with UAN Number and Password. if you not already activated UAN number then activate it quickly within 3 steps online.

The EPF passbook that is provided will have the following details:

  • The monthly contribution that you make towards your EPF account.
  • The monthly contribution that your employer makes towards your EPF account.
  • The monthly contribution that your employer makes towards EPS or Employee Pension Scheme.
  • The EPF balance available in your EPF account.

PF Withdrawal Forms

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Its mandatory for every employee who’s want to withdrawal pf money from pf account to fill for 10c and form 19.

Form 10C is the primary form to be submitted for claiming the benefits under the employee pension scheme. The contributions made by your employer towards your PF account is segmented into EPF funds and EPS funds. The part of the contribution from your employer that goes into the EPS scheme can be withdrawn by using Form 10C.

PROCESS TO FILL ONLINE PF CLAIM FORM 10C

Employees’ Provident Fund Organisation (EPFO) provides a four page for 10c to withdraw PF amount from EPF Account:

The first page asks you for details like:

1. Employee Name
2. PF account number
3. Date of birth
4. Father’s name and/or husband’s name
5. Employer address
6. Joining date with employer
7. Reason for leaving and date of leaving
8. Complete address

The second page of the form will ask for details including:

1. Mode of remittance
2. Particulars of family/nominees
3. Date and signature, and some more details pertaining to age and account details for remittances

For the third page which deals with advances, you will be asked for the following details, among others:

1. Sum received
2. Date and signature
3. Details of wages and period of non-contributory service of member

PROCESS TO FILL ONLINE PF CLAIM FORM 19C

The Claim Forms No. 5IF, 10C, 10D, 19, 20 and 31 (including UAN Forms 19, 10C, 10D and 31) stands withdrawn.

Application for grant or renewal of a (licence to sell, stock exhibit or offer for sale, ordistribute) drugs specified in Schedule X
1.
 
I/We………………………………..of………………………..hereby apply for alicence to sell by *wholesale/retail drugs specified in Schedule X to the Drugs andCosmetics Rules, 1945. We operate a pharmacy on the premises, situatedat…………..2.
 
**The sale and dispensing of drugs will be made under the personal supervision ofthe qualified person mentioned below:-(Name)……………………………….(Qualification)………………………(Name)……………………………….(Qualification)………………………3.
 
Name of Drugs to be sold.4.
 
***Particulars of storage accommodation.5.
 
A fee of rupees………………….has been credited to Government account under thehead of account……………….Date………………………. Signature……………….

EPFO Pension Scheme – Work on doubling the pension

EPF Pension Scheme

EPF Pension Scheme – All about Employee Pension Scheme|National Pension Scheme|EPFO Portal|Eligibility for Pension|withdraw pension contribution from PF|pension contribution in PF. Preparation for minimum pension 2000 rupees, EPFO doing doubling of pension.

The employees who have a PF account are deposited by cutting 12 percent of their salary. In the same proportion, companies also deposit PF, EPS, insurance scheme in the same proportion.

The central government can increase the minimum pension from Rs 1,000 to Rs 2000. EPFO is doing double the pension. It is hoped that the government can take a final decision on this draft before the general elections. At the moment, in 2014, the Cabinet had reduced the minimum pension to 1000 rupees per month for one year, whose period was extended for 2015 indefinitely.

Prior to the 2019 Lok Sabha elections, the government wants to get doubled pension to those retired employees, who receive pension under EPFO’s EPS-95. The EPFO will take a decision within a week on the government’s proposal.

If this proposal is passed, then the government will have an additional burden of Rs 3,000 crore. Due to the doubling of pension, about 40 lakh people will get the benefit.

The government has Rs 3 lakh crore in pension fund, out of which 9 thousand crore rupees are spent under EPS annually. The pensioners have been pressurizing the government to make the pension between Rs.3000 and Rs.7500.

PF Benefits for Employees

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EPFO has said that the money of the provident fund is for social security and people should not use it as a bank account. The organization said that we want to tell all the members that if they are very important, then take complete clearance.

The account is that which is meant for the job profession. In this, your employer deposits a certain amount from your Basic Salary (currently 12% in current time) to PF account. This amount is determined by the government and the employer deposits it by adding 12% on its behalf. 8.33 percent of the employer’s percentage goes to the Employee Pension Scheme (EPS). In this, you get 8.65% interest on your investment. You can withdraw EPF money after leaving your current job or add it to your new job. For this, now every account holder gets the UAN number.

The retirement fund body introduced a composite form (Form 11) which will help in the process of automatic transfer of provident fund when changing jobs. Typically, both the employer and employee contribute 12 per cent of basic salary towards EPF. An employee’s 12 per cent contribution goes toward EPF kitty, while 8.33 per cent out of the total 12 per cent of the employer’s contribution is invested in EPS or pension scheme. The balance 3.67 per cent is invested in EPF.

Benefits to Increase Monthly Contribution in PF

According to the Employee Provident Fund Act, any member of the EPFO can increase his monthly contribution in PF. Every month PF’s basic salary and DA’s 12 percent employee’s contribution goes. The company’s contribution is only 12 per cent. Any employee can increase their monthly contribution. It can also be 100 percent of basic salary.

Investment period: 28 years

Monthly Contribution: 12%

Current Returns: 8.65%

Annual increase in salaries: 10%

Total PF Fund: 1.24 crore

Note– This calculation is done at 15,000 rupees basic salary.

How to Double your PF Amount

If Shyam Prasad raises his Monthly Contribution Basic salary from PSE to 12 per cent from 12 per cent, his PF fund will double. Apart from this, they will also get the benefit of compounding so that their fund will grow faster. If Shyam Prasad pays his monthly contributions to PF from 12 per cent to 30 per cent, then his PF fund at retirement will be 28 million and 28 million. In this way, they can almost double their PF funds.

Investment period: 28 years

Monthly Contribution: 30%

Current Returns: 8.65%

Annual increase in salaries: 10%

Total PF Fund: 2.28 Cr.

Note– This calculation is done at 15,000 rupees basic salary.

DOCUMENTS REQUIRED FOR ONLINE REGISTRATION

  1. Scan copy of Pan Card of Factory/Establishment/shop and Employer.
  2. Details of Employees and their monthly salaries
  3. List of Partners, Directors and their Details.
  4. Scan copy of Bank Account Details of Factory/Establishment/shop
  5. Scan copy of Factory or Establishment License or Certificate of Registration of factory or Establishment.
  6. Digital Signature of Proprietor/Director/Partner
  7. Scan Copy of cheque of Company’s Bank details.

EPFO subscribers can avail the facility of withdrawals for the purpose of, purchase/construction of house, repayment of house, illness, higher education, marriage etc.