The Government of India has taken many initiatives to make PF investment experience easy and hassle-free for employees. Now, there is no need for you to visit EPFO office or depend on your employer if you want to see your PF details. There are many other ways through which you can check your PF balance and other PF related details from the comfort of your home.
Let us take a look at different ways through which you can check your PF account balance:
One of the most reliable and easiest ways to check your PF account balance online is by using the EPFO portal. You have to use your UAN number to log in on the portal and then you can access your PF passbook with your UAN number and password.
However, before registering your UAN on the portal ensure that your employer has activated your UAN number. The UAN number is provided by the EPFO, but still, your employer has to activate it so that you can get access to your online PF account.
If you have registered your UAN on the EPFO portal, you can just type a message ‘EPFOHO UAN ENG’ and send it to 7738299899 to fetch the details about your PF account balance and latest PF contribution. Remember that ‘ENG’ means English here and it means that you wish to get the details in ENG language. However, other language options are also available like Hindi, Marathi, Kannada, Tamil, etc. as there are in total 10 languages in which you can get the details.
Alternatively, you can also send a missed call on 011-22901046 from your registered mobile number to receive the PF account details.
Note: In order to use the SMS and Missed Call facility, ensure that your UAN number is linked with your AADHAAR, PAN, and bank account. Usually, it is done while filling up your PF form with your current employer but if the UAN number is not linked, get it done with the help of your employer.
You can now access your PF account from your smartphone as well with EPFO app. You just need to download the app and login using your UAN and password. Then go to the ‘Members’ section, and then go to the ‘Balance’ section.
UMANG app was launched by the Indian government in 2017. You can use this app to check your PF account balance. All you need to do is register on the app using your mobile number and you can even raise and track claim status using the UMANG app.
Other investment ideas
Investing your monthly salary income in a PF account is certainly a good way to secure your savings for the future. However, if you wish to build a diverse investment portfolio, you must also invest in some other avenues. One investment instrument that gives the same level of safety for your savings and even better returns in some cases is the fixed deposit. Bank fixed deposits do not offer high-interest rates, but NBFCs like Bajaj Finance provide interest rates as high as 8.95%. Here are a few reasons that make Bajaj Finance FD one of the best investment options for multiplying your PF corpus:
- High ROI- With interest rates as high as 8.95%, Bajaj Finance FD allows you to earn ROI up to 54% as shown in the table below. This is rare to achieve with other similar investments, including EPF.
- Flexibletenor – With EPF, you can only withdraw the PF amount balance after your retirement or a couple of months after leaving your current company. However, Bajaj Finance FD provides you the flexibility of choosing FD tenor as per your requirement. Moreover, you can opt for a premature withdrawal FD and even raise a loan against FD, if required.
- Estimatingreturns – It is never easy to estimate your returns with other investment options, but Bajaj Finance FD provides you a facility to calculate FD maturity amount with the help of online FD calculator.
- Credibility- Bajaj Finance FDs are accredited for their safety and stability by ICRA and CRISIL. This makes them one of the most reliable investment options in the fixed deposit market.