New Delhi: Employee Provident Fund (EPF) is like a long term investment for employees. The employee and the employer contribute an equal amount (12%) towards savings every month and this amount can be availed upon retirement or after switching jobs. However, the Employees’ Provident Fund Organisation (EPFO) has a facility of premature withdrawal with which a definitive proportion from PF balance can be withdrawn.
It may be noted that an individual is only allowed to withdraw a partial amount from the provident fund account before the completion of maturity, except for the case of unemployment. EPFO subscribers are eligible to withdraw PF balance in case of marriages of children, higher education of children, repayment of home loans, emergent medical conditions, renovation of home, purchase or construction of a house, purchase of land.
If you wish to check your PF balance, you can fo via SMS, by giving a missed call, via the EPFO app, Umang app and the EPFO portal. By accessing the EPF balance information periodically one can easily plan their expenses well, avail a loan against their EPF balance or check the status of their PF balance.
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Here how you can check your PF balance through SMS and missed call:
