EPFO: How to know whether your company is depositing money in your PF account? Know the method
Your company deposits PF money every month in your PF account by deducting a certain amount from your salary. You also get annual interest on the money cut.
EPF Balance Check Steps: Every month, money for an employee's Employee Provident Fund is deducted from their salary accounts. Along with that, the employer also contributes money to their employees' PF accounts. The employer deposits the PF money every month by deducting a certain amount from your salary and you get annual interest on it. Usually, the PF account is the first step towards retirement corpus of a salaried person.
How is EPF money deducted?
twelve per cent of the basic pay and DA of any employee is deposited in the PF account.
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The company also deposits 12 per cent contribution into the employee's PF account.
Of the company's contribution, 3.67 per cent is credited to the EPF account.
At the same time, 8.33 per cent money is deposited in the Pension Scheme.
How to know whether money is being deposited or not?
But what happens is that we do not check for months how much money has been deposited in our PF account.
Leave that aside, we don't even go to the EPFO site quickly and login.
In such a situation, how will you know whether your company is being deposited EPF money or not?
You either get information about the deducted money for the PF account either through SMS or you have to check in some other ways.
How can I check whether the money has been deposited by the company or not?
For this, you will have to check the passbook of your EPF account.
There will be details in your passbook as to when and how much money has been deposited.
You can check this by visiting EPFO portal, for this, the steps have been given below-
How to check passbook on EPFO portal
Step 1- First of all, go to EPFO Portal https://www.epfindia.gov.in/site_en/index.php. For this, you must have your UAN (Universal Account Number) activated.
Step 2- Once the site opens, go to the 'Our Services' tab and then select the drop-down menu 'for employees'.
Step 3- Click on 'member passbook' below the service column.
Step 4- On the next page, you will have to enter your UAN and Password. Log in by entering the captcha.
Step 5- After logging in, enter the member ID. After this, your EPF balance will be visible. In this, you also get information about account balance, details of all deposits, establishment ID, member ID, office name, employee share and employer share.