{"id":9598,"date":"2022-07-27T19:09:37","date_gmt":"2022-07-27T13:39:37","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=9598"},"modified":"2022-07-27T19:09:38","modified_gmt":"2022-07-27T13:39:38","slug":"epf-balance","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/epf-balance\/","title":{"rendered":"EPF &#8211; Salary Deductions, Interest Rates, and 4 Ways to Check EPF Balance"},"content":{"rendered":"\n<p>If you are a salaried individual, every month, you and your employer contribute an equal amount towards your EPF (Employees\u2019 Provident Fund). Generally, you are only allowed to withdraw these funds on retirement. However, the Employees\u2019 Provident Fund Organisation (EPFO) allows you to make premature withdrawals from your EPF in certain cases. To that end, knowing your EPF balance can help you plan your finances well. Let us read four ways to check EPF balance.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#What-is-EPF\" title=\"What is EPF? &nbsp;&nbsp;\">What is EPF? &nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#Components-of-EPF\" title=\"Components of EPF\">Components of EPF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#EPF-deduction-from-your-salary\" title=\"EPF deduction from your salary&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\">EPF deduction from your salary&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#EPF-interest-rate-for-FY-2022-2023\" title=\"EPF interest rate for FY 2022-2023 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\">EPF interest rate for FY 2022-2023 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#How-to-check-the-EPF-balance\" title=\"How to check the EPF balance?&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\">How to check the EPF balance?&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#1-Check-EPF-balance-via-SMS\" title=\"1. Check EPF balance via SMS\">1. Check EPF balance via SMS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#2-Get-your-EPF-balance-by-giving-a-missed-call\" title=\"2. Get your EPF balance by giving a missed call\">2. Get your EPF balance by giving a missed call<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#3-Enquire-through-Umang-App\" title=\"3. Enquire through Umang App\">3. Enquire through Umang App<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#4-Check-EPF-balance-using-the-EPFO-portal\" title=\"4. Check EPF balance using the EPFO portal\">4. Check EPF balance using the EPFO portal<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#To-sum-up\" title=\"To sum up\">To sum up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#1-Can-I-check-the-EPF-balance-using-my-Aadhaar-number\" title=\"1. Can I check the EPF balance using my Aadhaar number?\">1. Can I check the EPF balance using my Aadhaar number?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#2-How-do-I-check-my-EPF-balance\" title=\"2. How do I check my EPF balance?\">2. How do I check my EPF balance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.tickertape.in\/blog\/epf-balance\/#3-My-mobile-number-is-not-linked-with-EPF-Can-I-check-my-balance-through-SMS-without-mobile-linking\" title=\"3. My mobile number is not linked with EPF. Can I check my balance through SMS without mobile linking?\">3. My mobile number is not linked with EPF. Can I check my balance through SMS without mobile linking?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-is-EPF\"><\/span><strong>What is EPF? <\/strong>&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EPF offers retirement benefits. Employees contribute 12% of their basic salary each month towards the fund. Employers also contribute an equal amount to the employees\u2019 EPF. The fund is maintained by the Employees\u2019 Provident Fund Organisation (EPFO).<\/p>\n\n\n\n<p>According to the EPF Act, every organisation with more than 20 employees has to register itself with the EPFO. Every member of EPFO has a <a href=\"https:\/\/www.tickertape.in\/blog\/uan-universal-account-number\/\">Universal Account Number<\/a> (<a href=\"https:\/\/www.tickertape.in\/blog\/uan-universal-account-number\/\">UAN<\/a>). Employees give their UAN to their new employer in case of a job change. This way, employees do not need to create a new EPF account every time they switch a job.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Components-of-EPF\"><\/span><strong>Components of EPF<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The scheme has three components:<\/p>\n\n\n\n<ol><li><strong>EPF<\/strong> &#8211; It helps employees accumulate retirement benefits.<\/li><li><strong>Employees Pension Scheme (EPS)<\/strong> &#8211; It provides a pension for employees after the age of 58 yrs.<\/li><li><strong>Employee Deposit Linked Insurance Scheme (<a href=\"https:\/\/www.tickertape.in\/blog\/employees-deposit-linked-insurance-scheme\/\">EDLI<\/a>)<\/strong> &#8211; It is a life insurance cover to offer financial security to the family members of the employees.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EPF-deduction-from-your-salary\"><\/span><strong>EPF deduction from your salary<\/strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>While an employee\u2019s entire contribution goes towards EPF, the employer\u2019s contribution is distributed among the above components. Let\u2019s have a look at the deduction.<\/p>\n\n\n\n<p>The contribution of employees is calculated as:<\/p>\n\n\n\n<ul><li><strong>For EPF<\/strong> = 12%<\/li><li><strong>For EPS<\/strong> = None<\/li><li><strong>For EDLI<\/strong> = None<\/li><\/ul>\n\n\n\n<p>The contribution of employers is calculated as:<\/p>\n\n\n\n<ul><li><strong>For EPF<\/strong> = 3.67%<\/li><li><strong>For EPS<\/strong> = 8.33%<\/li><li><strong>For EDLI<\/strong> = 0.50%\u00a0<\/li><\/ul>\n\n\n\n<p>The employee can contribute to EPF at a <a href=\"https:\/\/www.epfindia.gov.in\/site_docs\/PDFs\/MiscPDFs\/ContributionRate.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">higher rate<\/a>, but the employer is not compelled to do so. To pay contribution at a higher rate, a joint request from the employee and employer is required. In such a case the employer has to pay administrative charges on the higher wages.<\/p>\n\n\n\n<p>The employee is no longer a member of EPS after attaining the age of 58. So, even if they are working after attaining the age of 58, the employer is not entitled to contribute towards EPS.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EPF-interest-rate-for-FY-2022-2023\"><\/span><strong>EPF interest rate for FY 2022-2023 <\/strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.tickertape.in\/blog\/flat-interest-rate-vs-reducing-balance-interest-rate\/\">interest rate<\/a> on EPF is reviewed each year by EPFO\u2019s Central Board of Trustees after consultation with the Ministry of Finance. For FY 2022-2023, the interest rate is 8.10%, which is lesser than the previous year (8.55%). The new rate applies to EPF deposits made between April 2022 and March 2023.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.tickertape.in\/blog\/how-good-is-the-cut-in-your-epf-contribution\/\">EPF contribution<\/a> is credited to the EPF account every month, and interest is computed monthly. However, the total interest is credited once at the end of the financial year. The accrued interest at the end of the financial year is added to the next month\u2019s balance, i.e. April\u2019s balance, and is further used to calculate interest.<\/p>\n\n\n\n<p>It is necessary to note that your EPF account becomes inoperative when no contributions are made to it for 36 months. No interest is paid on such accounts. Further, the interest accumulated on the dormant account is taxed at the member\u2019s slab rate. However, interest is not paid on funds in the retired employees\u2019 inactive accounts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How-to-check-the-EPF-balance\"><\/span><strong>How to check the EPF balance?<\/strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Once a difficult task, checking the EPF balance has now become easy. There are various modes through which you can do this. Let\u2019s explore them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1-Check-EPF-balance-via-SMS\"><\/span>1. <strong>Check EPF balance via SMS<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is an offline method available only when your UAN is active and linked with your Aadhaar, bank account, and PAN. You are required to send an SMS to EPFO to fetch the information about your account. You need to send the SMS to <strong>7738299899 <\/strong>in the following format:<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>EPFOHO UAN<\/strong><\/p>\n\n\n\n<p>The default language is set to English. Hence, you will receive the reply in English. For language-specific replies, you need to add language code in the SMS. There are 10 different languages you can receive the SMS in, viz.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Language<\/strong><\/td><td><strong>Code<\/strong><\/td><\/tr><tr><td>English&nbsp;<\/td><td>None (Default)<\/td><\/tr><tr><td>Hindi<\/td><td>HIN<\/td><\/tr><tr><td>Gujarati<\/td><td>GUJ<\/td><\/tr><tr><td>Punjabi<\/td><td>PUN<\/td><\/tr><tr><td>Marathi<\/td><td>MAR<\/td><\/tr><tr><td>Kannada<\/td><td>KAN<\/td><\/tr><tr><td>Malayalam<\/td><td>MAL<\/td><\/tr><tr><td>Tamil<\/td><td>TAM<\/td><\/tr><tr><td>Telugu<\/td><td>TEL<\/td><\/tr><tr><td>Bengali<\/td><td>BEN<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>To receive the EPF balance in a language other than English, send an SMS like:<\/p>\n\n\n\n<ul><li><strong>EPFOHO UAN HIN to 7738299899<\/strong><\/li><li><strong>EPFOHO UAN MAL to 7738299899<\/strong><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2-Get-your-EPF-balance-by-giving-a-missed-call\"><\/span>2. <strong>Get your EPF balance by giving a missed call<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is the easiest way to check your EPF balance. With your registered mobile number, give a missed call on<strong> 011-22901406<\/strong>. To use this facility, you must meet the below-mentioned requirements:<\/p>\n\n\n\n<ul><li>Your UAN should be active.<\/li><li>Your mobile number must be linked with your UAN.<\/li><li>Your UAN must be linked with your PAN, Aadhaar, and bank account.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3-Enquire-through-Umang-App\"><\/span>3. <strong>Enquire through Umang App<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Umang is a centralised mobile app of the government through which you can avail numerous services, including EPFO. To check the EPF balance using the Umang App, simply log in to it using your UAN and One-Time Password (OTP).&nbsp;<\/p>\n\n\n\n<p><strong>Step 1:<\/strong> Install the application from a verified mobile app store, choose your preferred language in the app and log in with your registered mobile number.<\/p>\n\n\n\n<p><strong>Step 2:<\/strong> Under the \u2018All Services&#8217; tab, click on the \u2018EPFO\u2019 option.<\/p>\n\n\n\n<p><strong>Step 3:<\/strong> Select \u2018View Passbook\u2019. Here, enter your UAN and OTP sent to your registered mobile number.&nbsp;<\/p>\n\n\n\n<p><strong>Step 4: <\/strong>Click on \u2018Login\u2019, and you will be taken to your passbook, where you can view your EPF balance and transactions, including withdrawals and deposits from your previous and current employer.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4-Check-EPF-balance-using-the-EPFO-portal\"><\/span>4. <strong>Check EPF balance using the EPFO portal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The EPFO portal provides access to all the services related to EPF. However, you must have an activated UAN. Follow the below-mentioned steps to check your EPF balance using the EPFO portal:<\/p>\n\n\n\n<ol><li>Visit the <a href=\"https:\/\/www.epfindia.gov.in\/site_en\/index.php\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">EPFO Portal<\/a>.\u00a0<\/li><li>Under the \u2018Our Services&#8217; tab, click on the \u2018For Employees\u2019.\u00a0<\/li><li>Under the \u2018Services\u2019 column, click on \u2018Member Passbook\u2019.<\/li><li>You will be directed to a login page which requires you to enter your UAN, password, and captcha. After entering the details, click on \u2018Login\u2019.<\/li><li>On the next page, you will be able to check your EPF balance under the respective Member ID.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"To-sum-up\"><\/span><strong>To sum up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EPF is a retirement fund that encourages you to save. Keeping track of your EPF account is necessary. If managed well, the EPF can be one of the vital cushions for your <a href=\"https:\/\/www.tickertape.in\/blog\/building-your-dream-retirement-corpus\/\">retirement<\/a> life. You can manage everything related to your EPF using UAN.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1658928659721\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"1-Can-I-check-the-EPF-balance-using-my-Aadhaar-number\"><\/span>1. <strong>Can I check the EPF balance using my Aadhaar number?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>There is no direct way to check your EPF balance through an Aadhaar number. You can check it using your UAN, which has to be linked to your Aadhaar.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1658928670275\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"2-How-do-I-check-my-EPF-balance\"><\/span>2. <strong>How do I check my EPF balance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>There are four ways to check your EPF balance. You can check it via SMS, missed call, Umang App, and through the EPFO portal.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1658928682192\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"3-My-mobile-number-is-not-linked-with-EPF-Can-I-check-my-balance-through-SMS-without-mobile-linking\"><\/span>3. <strong>My mobile number is not linked with EPF. Can I check my balance through SMS without mobile linking?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>It is necessary to register your mobile number with UAN in order to check your EPF balance via SMS. After registering your mobile number, send an SMS on <strong>7738299899 <\/strong>in the format <strong>&#8211; EPFOHO UAN. <\/strong>The default language is English. You can change it using the various language codes while sending the SMS.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Every month, you and your employer contribute an equal amount towards your EPF. But, how do you check your EPF balance? Let\u2019s read four ways to check EPF balance.<\/p>\n","protected":false},"author":90,"featured_media":9600,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1739,1646],"tags":[304,1711,1703,1664],"acf":[],"modified_by":"Anjali Chourasiya","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/07\/TT-14-July-EPF-Balance-BB-scaled.jpeg?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9598"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=9598"}],"version-history":[{"count":3,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9598\/revisions"}],"predecessor-version":[{"id":9602,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/9598\/revisions\/9602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/9600"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=9598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=9598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=9598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}