How to Check Pf Account Balance Using Uan Number

Investing in Employee's Provident Fund (EPF), also referred to as PF, helps you save for retirement and make the most of your employment years, as it comprises contributions made by you and your employer. To efficiently plan for retirement, it is essential to know the balance of your PF account. Understanding the balance will indicate how your savings match your goals and if you need to make other investments.

It is essential as an informed investor to know how much you have in the EPF account as it is a sizeable corpus that can be reserved for critical financial goals. Furthermore, with various withdrawal options available, you can look at re-investing your EPF amount in the future to achieve your financial plan.

How to check EPF balance on mobile?

1. Checking EPF balance via SMS

If you have registered your UAN with EPFO (Employee Provident Fund Organisation), you can check your PF balance quickly by sending an SMS. All you need to do is send a text message to 7738299899. The text message should include 'EPFOHO UAN ENG.' Here, UAN will be your personal UAN, and ENG is the first three letters of your language preference. Supported languages include English, Bengali, Gujarati, Hindi, Kannada, Malayalam, Punjabi, Tamil, and Telugu.

2. Checking EPF balance via the EPFO portal

You can use the new EPFO portal to view your PF passbook. You can also print the same if you need to. All you need to do is visit Employees' Provident Fund Organisation, go to 'Our services' and select 'For employees'. You can then click on 'Services' and select the 'Member passbook' option. Then, you will need to enter your UAN and password to view your passbook. Although the UAN is given to you by EPFO, your employer must verify and activates it for you to use these services.

Additional Read:How to activate UAN number online in 5 steps

3. Checking EPF balance via the Umang application

The government launched the Umang app to make it convenient for you to check your PF balance. With this app, you can view your passbook, raise a claim, and track the claim. All you need to do is register by entering a one-time password sent to your mobile number.

4. Checking EPF balance via a missed call

If you have registered and activated your mobile number on the UAN portal and completed KYC for your UAN, you can check your balance by giving a missed call. All you need to do is give a missed call to 011-22901406 from the mobile number that you have registered with your UAN. The phone automatically disconnects after two rings, which means that you don't have to pay any charges. You will then receive details about your balance and the last contribution made to your PF account in the form of a text message.

Additional Read: All you need to know about Employee Provident Fund

Multiplying your EPF corpus

EPF is a debt-based investment instrument that doesn't have any exposure to the market. Thus, it could fetch your negative returns when inflation goes very high. Therefore, it makes sense to withdraw and re-invest some portion of your EPF in high-growth instruments.

While checking the EPF balance is now easy, it is equally easy to withdraw your EPF corpus and earn more. When you transfer or withdraw your EPF, consider highly lucrative fixed income instruments like fixed deposit, which offers guaranteed returns with the safety of capital.

Why should you invest in a fixed deposit?

Fixed deposits are preferred investment avenues, which help you earn interest and grow your savings quickly. As one of the safest investment options, Bajaj Finance Fixed Deposit Bajaj Finance FDs are quite versatile.

They give you the option to keep earning interest while also giving you a loan of up to 75% of the FD value. This helps with liquidity requirements and funding emergencies. If you use the online calculator to understand various combinations of tenors and capital invested, you can align your investments with your financial goals.

Additional advantages of Bajaj Finance FD investments:

1. High interest: Bajaj Finance offers leading interest rates up to 6.75% for senior citizens and 6.60% for non-senior citizens investing online.
   
2. Assurance of safety:With high ratings from leading credit rating firms like CRISIL and ICRA, these FDs are equally safe in comparison to EPF.
3. Smart investing: Using a combination of cumulative and non-cumulative FDs, you can create a regular flow of income and create a corpus for the future. Laddering investments across various interest rate slabs will also help you benefit from the averaging of fluctuating interest rates and increase your overall earnings.

You can conveniently use the above methods to check your balance or the last contribution to your EPF amount at your convenience. You can also choose to multiply your contribution towards your account by aiding with a high-yielding fixed deposit.

How to Check Pf Account Balance Using Uan Number

Source: https://www.bajajfinserv.in/insights/4-ways-to-quickly-check-your-epf-balance

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