The Employees’ Provident Fund (EPF) is a long-term savings scheme that caters to salaried individuals. What makes it a part of most top 10 investment ideas lists is the fact that it aids in building a retirement fund. Contributions to EPF are made on a monthly basis by you and your employer. An equal amount is contributed by both and so, the balance grows steadily over the course of your working years.

This amount is deducted from your salary directly, therefore it can be easy to lose track of it. Knowing your Employees’ Provident Fund balance is important as it shows you exactly how much you’re investing every month and how much you can withdraw, should the need arise. 

Checking this balance is also easy through the Employees’ Provident Fund Organisation. All you need is your Universal Account Number. This is issued by the EPFO and must be verified and activated by your employer. To learn how to check your balance online, use any of the following options.

The M-Sewa app

The M-Sewa app is easily available on the Google PlayStore, and to get started you must download it on to your smartphone. Thereafter, follow these simple steps.

  • Launch the application
  • Click on ‘Member’
  • Choose the ‘Balance/Passbook’ option
  • Enter your UAN and mobile number to log into your account
  • Click on the tab that shows your name and access your EPF passbook

By visiting the official EPFO portal

To check your EPF balance online via the official portal, ensure to have your UAN. You can then follow these steps.

  • Visit the official website
  • From the ‘Our Services’ drop-down menu, click on the ‘For Employees’ option
  • Look for the ‘Member Passbook’ option and click on it
  • Enter your UAN and password to log in.
  • You will be redirected to a page where your employment information is displayed and you can then view your EPF balance here.

These two methods are fairly easy to use and give you quick access to your provident fund balance. However, you can also check your balance offline. Here are the methods you can follow to do so. 

Send an SMS

It is important to remember that your UAN must be seeded with your PAN, Aadhaar and bank account for offline methods to work. 

Thereafter, simply send a message from your registered phone number to 7738299899. The content of this message should be < EPFOHO UAN ENG >. Here, ‘ENG’ is interchangeable with the first three letters of the language of your choice. EPFO gives you 10 languages to pick from.

Give a missed call

To access your provident fund balance via a missed call, dial 011-22901406 from your registered mobile number and the details of your account will be sent to you via an SMS. Remember that you must make this call from your registered mobile number for this method to work. 

Just as it is important to know your provident fund balance, it is equally important to know how to best use it once you retire. While you may be inclined to deposit it in a savings account to benefit from liquidity, consider reinvesting the large sum in safe investment options such as a fixed deposit. 

A fixed deposit is an incredibly lucrative avenue as you benefit from a fixed interest rate that’s higher than what a savings account offers. Your only task is to pick an issue that offers a suitable interest rate and additional features. The Bajaj Finance Fixed Deposit is one such option where you benefit from attractive interest rates and excellent safety ratings. It offers up to 8.95% for senior citizens and 8.60% for regular investors on a tenor of at least 36 months or more, with interest payable at maturity. 

Furthermore, if you’re faced with a cash crunch and need funds, Bajaj Finance allows you to take a loan of up to Rs.4 lakh against your FD, negating the need for a premature withdrawal. To conveniently invest your EPF earnings in an FD, request a call from a Bajaj Finance executive by filling an online form.