What is EPF Balance ?

Employee provident fund (EPF) is a scheme designed and controlled by the Government of India. The ministry of employment and labor, government of India introduced (EPF) employee’s provident fund on 15th Nov 1951. In the next year, the employee provident fund act 1952 came into being in place of ordinance. Currently, this act is well known as employee’s provident funds (EPF) and miscellaneous provisions act 1952. The organization that handles total aspects of EPF scheme in total India is named (EPFO) employee provident fund organization. The employee provident fund organization guides the central Board of Trustees to handle provident fund, insurance scheme and pension scheme etc. The central board of trustees, EPFO operates 3 main schemes like (EPF balance) employee’s provident fund scheme 1952, (EPS) employee’s pension scheme 1995, (EDLI) employees’ deposit linked insurance scheme 1976. The EPFO is an authorized association that helps employers as well as employees of India in EPF and other related problems. The role of EPFO is to provide (UAN) universal account number to the employee for EPF account. The EPFO has declared before that any factory, company or establishment which has more than nineteen working employees, is leap to implement EPF scheme. The act of EPF & MP is established by the government of India for the benefits of each employee of the nation. EPF is extremely vital part for any employee. There’re several different ways to check balance online. The EPFO provide facility to the employee to know their EPF balance through offline mode and online. Employee provident fund is saving which is deducted each month from employee’s salary. Under EPF scheme, the employer cut a part of employee’s salary and also gives a part from employer towards employees’ provident fund (EPF) scheme. The scheme is applied to the employee from the date of starting of her/his job. The (EPFO) organization has started to give maximum facilities from the year 2011. So the employee can get all update by EPFO member portal. An employee can check balance through mobile app, with UAN number, without UAN number and missed call service. But in order to check the balance online they must have certain details about her/his EPF account like PF account number, relevant EPFO office, and complete name of employee as reference in pay slip and the mobile number that must be active.rnThe facility of checking balance via SMS has been ongoing from the year 2015. In order to use this facility, the employee must have done UAN registration and activation process on EPF member portal. EPF provide 22 digit passwords out of first 2 letters your sate i.e. employee can also check their claim status online applying at best. U can also get complete info about balance, UAN activation and claim status at EPF’s official website.