Now, you can check yourEPF balanceonline using the new e-passbook facility available on EPFO (Employees Provident Fund Organisation) website. EPFO (Employees Provident Fund Organisation, India) has launched the e-passbook facility for EPF (Employees Provident Fund) subscriberswhich will include their updated PF account status online. The new concept calledEPF Account Passbook allows members to download their e-passbook multiple times in a month. The PF department no longer provides hard copy of the annual PF statement.
EPFcommonly called PFis a retirement benefit scheme that is available to the salaried employees. Both employees and employer contribute to the Fund at the rate of 12% of the basic wages, dearness allowance and retaining allowance (if any) payable to employees per month. Thus, the total contribution to the Fund is 24%.
The EPF members can access e-passbook on the EPFO website after getting themselves registered on the site. The registered EPF members can obtainthe e-passbookafter entering establishment code, PF number and member name as mentioned in the PF slip.
Abhishek Bade, assistant manager-HR department, India Infoline, said, The PF department has considered opening balance as on 31March 2011 and has provided month wise contribution details from April 2011 till June 2012. The contributions for April & May 2012 would get updated in due course of time.
What is an e-passbook?
E-passbook is an online version of the PF status book, where employees PF status and transactions are recorded and can be tracked. Month and date wise, all the transactions made in the account are displayed in the e-passbook. It will also include additional details such as name, and date of birth of the employee.
E-passbookwill be available for active members only. Nopassbookshall be available for settled, inoperative or negative balances accounts. No passbook will be available for exempted establishments. To avail the e-passbook facility, EPF subscribers need to register themselves on theEPFO websiteand provide all the necessary details.
At present, the facility is only for the members for whom the employer has uploaded the Electronic Challan Cum Return for the wageof May 2012 onwards. To get an e-passbook, an EPF subscriber needs to register their account on EPFO portal. The registrationdoes not involve creation of any username or password. There is no need to create and remember any user id and password. You have to use your mobile number and any of your following identification proof number such as PAN, AADHAR, bank account, voter ID, passport or driving license to register and thereafter to login.
After adding your name and EPF account number, you need to click on Get PIN. The PIN is sent by SMS to you. This PIN authorisation is required every time you download the e-passbook and check your EPF balance.
Benefits of registration
Only a registered employee can download an e-passbook. For employees who have left the service or retired from the job before March 2012, e-passbook will be made available to them, only if they make a request on the EPFO portal.
Members can view their EPF account passbook online and get all the account information at one place. EPF also sends SMS to the members when thee-passbook of EPFis available. Members can download the e-passbook multiple times in a month. WithEPFO online registration, members can view their transaction history online, which saves a lot of time, Mr Bade added.
Steps to generatee-passbook
India Infoline News Service / 08:59, Sep 15, 2014
Many a times parents overlook other goals as they are too busy focusing on just one goal, that is on their child's education. They are too emotionally involved in achieving this particular goal that they forget planning for their retirement and saving for other emergencies.