Q:

What methods are used to check a Provident Fund balance?

A:

Quick Answer

Commonly used methods for finding balances for the Employee Provident Fund, or EPF, accounts include an Employees' Provident Fund Organization, or EPFO office, through the government of India or through the EPFO's electronic passbook service. Account holders have the option to find balances online or at a regional EPFO office.

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Full Answer

With offices throughout India and online access, account holders have direct access to their account balances. The EPFO administers India's government sponsored retirement plan. EPFO was established by law in 1951. India's Ministry of Labor and Employment controls the organization and enforces federal social security policies. It oversees the Insurance Fund and the Pension Fund in addition to the Provident Fund.

Existing EPF account holders need a Universal Account Number, or UAN, to access the electronic passbook service. EPFO automatically issues UANs to new account holders. A UAN allows members portability when they change employers. The electronic passbook has SMS capabilities allowing mobile access to account information.

The Government of India also provides online access to EPF accounts. The government provides a link directly to EPFO and its EPF Passbook service. Additionally, numerous organizations, blog services and tax services provide directions to easily access EPF account balances. Account holders need to ensure they are on the EPFO prior to using their account number.

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