EPF Balance Check: How much money has been deposited in your PF, check it in minutes, full guideline
PF Balance: Employee Provident Fund (EPF) is a government retirement saving plan, which helps employees to secure their future financially. It is a dedicated savings account.
How can you check PF balance: Employee Provident Fund i.e. EPF is a government retirement saving plan, which helps employees to secure financially for the future. It is a dedicated savings account, in which both the employee and the employer contribute. The employee has to deposit 12 percent of his basic salary and DA in this account, the same amount is contributed by the employer. It is managed by the Employees Provident Fund Organization (EPFO). EPFO is currently paying 8.25 percent interest on EPF account.
This scheme can give you such a large corpus in a very disciplined manner that you can spend your old age comfortably. EPF is a very useful account and if it is not touched till retirement, then your retirement can be tension free. You can check your balance in EPF account anytime. You can calculate it in minutes according to your basic salary.
EPF Calculator: How much balance after 10 years
Suppose you started your job at the age of 25 with a basic salary of Rs 25,000.
Age of the employee: 25 years
Total duration of job: 10 years
Basic salary + DA: Rs 25,000
Contribution from employee: 12%
Contribution from company: 3.67%
Early increment estimate: 5%
Interest on PF: 8.25% per annum
Total contribution: Rs 6,67,862
Interest benefit: Rs 3,99,012
Funds in the account after 10 years: Rs 10,66,874 (about Rs 10.50 lakh)
EPF Calculator: How much fund will be there till retirement
Age of employee: 25 years
Age of retirement: 58 years
Basic salary + DA: Rs 25,000
Contribution from employee: 12%
Contribution from company: 3.67%
Estimated annual increment: 5%
Interest on PF: 8.25% annually
Total contribution: Rs 39,99,076
Interest benefit: Rs 1,09,64,472
Fund on retirement: Rs 1,49,63,548 (about Rs 1.36 crore)
EPFO: Check account balance like this
- First of all go to EPFO Member Passbook portal.
- Now log in with your UAN number i.e. Universal Account Number and password.
- If you are visiting this portal for the first time, then you have to activate UAN number.
- Activate UAN number by filling OTP received on registered mobile number with the help of Aadhar card and now log in with the help of UAN number and password.
- After logging in, select the account whose balance you want to check.
- Click on View PF Passbook link to check your transaction history and balance of your EPF account.
- A new window will open as soon as you do this. Login again with UAN number and password and see your details.
- To see annual contribution, select financial year under View Passbook.
The post EPF Balance Check: How much money has been deposited in your PF, check it in minutes, full guideline first appeared on informalnewz.
News