Provident fund or PF as it is popularly known as is a saving scheme through which a common Indian saves throughout his career so that he can save a sizable corpus till his retirement.
Many employees do not know actually how much PF they have collected over the years. This is due to change of employment or income over the years that might change their monthly contribution towards the PF account. However, now you can perform PF status check through various ways that will help you to keep track of your current PF savings.
Let us see how to check PF balance easily:
Use EPFO portal
Follow these steps to check your PF passbook on the EPFO portal:
Step 1: Visit the EPFO portal
Visit the EPFO portal by clicking on this link – https://www.epfindia.gov.in/
Step 2: Go to the ‘Member Passbook’ page
You will have to find the ‘Our Services’ section that will be on the top left side of your screen. After clicking on ‘Our Services’ you need to click on ‘For Employees’ section where you will find the ‘Services’ option. It is here that you will find the ‘Member Passbook’ page.
Step 3: Login in your passbook
Once you find the ‘Member Passbook’ page, you will require a UAN number and password to enter into your passbook. After logging in, you will be able to check your latest contribution towards PF account, PF balance, and some other details. For that, your UAN number has to be activated by your employer. If your UAN number is not active you can ask your employer to activate it or you can also activate it by yourself.
The GOI has launched the Umang App which can be used to check the PF balance. You can also claim your PF amount and monitor the status using this app.
If you are searching how to check PF balance, then you need not worry now as you can do that via your mobile as well. You just need to register your mobile number on the UAN website and complete the KYC. After that, call on 011-22901406 from that same number. The call will get disconnected after a couple of rings and you will receive your PF details through an SMS.
Similarly, you can text an SMS on 7738299899 by typing EPFOHO UAN ENG (Or any other language that you prefer). Apart from English, 9 other Indian languages can be used to retrieve the PF information.
These are the ways through which you can check your PF details without much effort. Provident funds ensure that you save a good amount until your retirement. However, you should look at investment options that can multiply your PF corpus and diversify your investment profile. Fixed deposit is the investment instrument that you can use to earn high returns without indulging in any risks. FDs also provide a cushion against other market-linked investments in your portfolio.
If you are looking investment option that is both safe and profitable then you can check out the fixed deposit schemes offered by NBFCs like Bajaj Finance. For a better understanding of such fixed deposits, let us look at the features of Bajaj Finance FD:
Attractive interest rates
Bajaj Finance is offering fixed deposit plans with interest rates up to 8.60 percent and the interest rates offered for senior citizens goes as high as 8.95 percent. These interest rates are much higher than those offered by banks.
Loan Against FD
You do not have to pledge any collateral while applying for a loan if you have opened a Bajaj Finance FD account. This helps you to fulfill your cash requirements in urgent situations or emergencies without breaking your FD.
Bajaj Finance provides Online FD calculator through which you can estimate the exact interest rate and returns that a particular fixed deposit scheme provides. Therefore, it becomes easy for you to predict and plan your future savings.
Bajaj Finance fixed deposits are accredited for safety and stability by reputed third-party institutions like ICRA and CRISIL. Also, you can choose a tenor from 12 to 60 months and start investing with just Rs. 25,000. Therefore, invest safely in Bajaj Finance FDs and build a strong yet flexible investment portfolio.