EPFO Meeting on Feb 28: Possible PF Interest Revision and How to Check Balance

The Employees’ Provident Fund Organisation (EPFO) is expected to decide on the interest rate for the financial year 2024-25 at its central board of trustees (CBT) meeting on February 28. As per reports, the interest rate may remain close to 8.25%, similar to the previous year’s rate of 8.25%.

Check EPF Calculator.

How EPF Interest Rates Are Finalised

The process of setting the interest rate involves multiple steps:

1. Proposal by EPFO – The EPFO first suggests an interest rate for the year.
2. Approval by CBT – The Central Board of Trustees reviews and approves the proposed rate.
3. Finance Ministry’s Approval – The final approval is given by the finance ministry before the new rate is officially notified.
4. Crediting Interest – Once approved, the interest is credited to the accounts of EPFO subscribers.

Why Checking Your PF Balance Is Important

The EPFO manages the retirement savings of more than 65 million subscribers. Keeping track of your PF balance helps ensure that your contributions are accurate and that interest is being correctly credited.

Check PF Balance Using the UMANG App

If you want to check your Provident Fund (PF) balance, you’ll need a Universal Account Number (UAN), a registered mobile number, and an internet connection. Here are 5 ways to check your balance and account details.

The UMANG app, launched by the government, offers multiple government services, including EPF account details. Follow these steps to check your balance:

1. Download UMANG from the Play Store or App Store.
2. Sign up with your mobile number and confirm it using an OTP.
3. Open the application and tap the 3 horizontal lines in the top-left corner.
4. Go to the Service Directory and search for EPFO.
5. Select View Passbook and log in using your credentials.

Check PF Balance on the EPFO Website

You can also get your PF balance through the EPFO portal using a web browser. Here’s how:

1. Visit www.epfindia.gov.in.
2. Click on ‘For Employees’ under the ‘Our Services’ section.
3. Select ‘Member Passbook’ under the ‘Services’ category.
4. Enter your UAN, password, and captcha code on the login page.
5. Once logged in, you can view your PF balance and transaction details.

Note: Your employer must activate Your UAN before using this service.

Check PF Balance via SMS

If your mobile number is linked to your PF account, you can check your balance through SMS:

1. Send an SMS in this format: EPFOHO UAN ENG to 7738299899.
2. Replace ‘ENG’ with the first three letters of your preferred language (e.g., HIN for Hindi, MAR for Marathi).
3. This service is available in English, Hindi, Punjabi, Gujarati, Tamil, Telugu, Kannada, and more.

Check PF Balance via Missed Call

An easy and fast way to get your PF balance is by giving a missed call: 

1. Dial 9966044425 from your registered mobile number.
2. The call will end automatically, and you will receive an SMS with your PF details.

Check PF Balance Using the UMANG Website

If you don’t want to download the UMANG app, you can still check your balance online:

1. Visit the UMANG website on your browser.
2. Search for EPFO services and log in with your UAN and password.
3. View your PF passbook and transaction history.

These simple methods allow you to check your PF balance easily, whether through an app, website, SMS, or missed call. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.