How to Check your Provident Fund Balance Online?
Employee Provident Fund (EPF) is mandatory for all salaried individuals having a monthly income of Rs.15,000, working in organisations with 20 or more employees. A portion of an individual’s salary is deducted for deposits with the EPFO, with a similar contribution from employees.
The balance can be viewed through a PF fund check in multiple ways – by visiting the EPFO official portal, by downloading the Umang app, through SMS or missed call to the number mentioned on the website.
Funds deposited in an EPF account can be withdrawn post-retirement, upon attaining 58 years or after being unemployed for two months. Withdrawn funds are usually of substantial value, and hence, the surplus amount can be reinvested in interest-bearing schemes.
Fixed deposits often pose as a popular choice among investors, as it does not have any associated risks, as well as the flexibility of tenor. Compared to other government-mandated savings tools, fixed deposits maintain provisions for premature withdrawals, with policies taking into account the financial requirements of investors, respectively.
Several other advantages in the form of online deposits, tax rebate, and loan against FD make is a suitable choice to park all surplus funds withdrawn from an employee provident fund.
The balance can be viewed through a PF fund check in multiple ways – by visiting the EPFO official portal, by downloading the Umang app, through SMS or missed call to the number mentioned on the website.
Funds deposited in an EPF account can be withdrawn post-retirement, upon attaining 58 years or after being unemployed for two months. Withdrawn funds are usually of substantial value, and hence, the surplus amount can be reinvested in interest-bearing schemes.
Fixed deposits often pose as a popular choice among investors, as it does not have any associated risks, as well as the flexibility of tenor. Compared to other government-mandated savings tools, fixed deposits maintain provisions for premature withdrawals, with policies taking into account the financial requirements of investors, respectively.
Several other advantages in the form of online deposits, tax rebate, and loan against FD make is a suitable choice to park all surplus funds withdrawn from an employee provident fund.
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