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PF account: Make sure to link your Aadhaar with your PF account by December 15, activate UAN like this

Jyoti — Mon, 09 Dec 2024 07:32:47 +0000

The Employees Provident Fund Organization (EPFO) has extended the deadline for activating the Universal Account Number (UAN) for new employees of the private sector.

For this, they will now have to link their UAN and bank account with Aadhaar by December 15. Earlier its last date was November 30, but a large number of employees missed it. EPFO has given them another chance.

EPFO says that by activating UAN, employees will be able to avail the benefits of Employment Linked Incentive (ELI) scheme. The organization has instructed employers to update the UAN and bank account of all new employees within the stipulated time limit.

What will be the loss if you do not link

Direct Benefit Transfer (DBT) of the scheme is possible only when Aadhaar and bank account are registered with UAN number with complete details. Currently, information is being updated only for employees who joined the job in the current financial year. In the next phase, old employees will also have to update their details.

Activate UAN number like this

First go to the EPFO portal (https://www.epfindia.gov.in/). Click on the Activate UAN link under Important Links.
Enter UAN, Aadhaar number, name, date of birth and mobile number linked with Aadhaar.
Employees have to ensure that their mobile number is linked with Aadhaar.
After that agree to Aadhaar OTP verification.
Click on Get Verification PIN to receive OTP on your Aadhaar linked mobile number.
Enter the OTP to complete the activation.
On successful activation a password will be sent to your registered mobile number.

EPFO Rules: When and how much money can be withdrawn from PF account? Know what are its rules

Pravesh Maurya — Mon, 30 Oct 2023 13:08:05 +0000

EPFO Rules for Advance: EPFO provides advance withdrawal facility to its members for marriage, education, construction of house, repayment of home loan and unemployment. In this article we are going to tell you about the rules for withdrawing money from PF.

Every person needs money. Many times we have to take the help of loan for this. If you work in the formal sector, your PF is deposited every month. Many facilities are provided to PF members by EPFO, of which advance at the time of need is also one of them. However, some rules have been fixed for this, according to which you can withdraw advance from PF account. In this article we will know when and how much money you can withdraw from PF.

Rules for withdrawing money from PF

From PF, you can withdraw money for buying land for the house, renovating the house, home loan, marriage of a family member or yourself, children’s education, loss of job, treatment of yourself or a family member. Let us know its rules.

If any member of the family or yourself is admitted in the hospital for more than a month or has to undergo any serious illness or surgery. Then you can withdraw money equal to six months’ salary from your PF account.
Even if there is a marriage of a family member or oneself, money can be withdrawn from PF. However, the condition for this is that you must have completed 7 years in the job. You can withdraw money from PF only up to 50 percent of your contribution.
The facility to withdraw money from PF is given even after leaving the job. If for some reason your company is closed for more than 15 days or you have not gone to work for more than two months, then you can withdraw your entire share deposited in PF.
You can also withdraw advance from PF to buy a house. This advance can be maximum equal to your 36 months salary. The condition for this is that 5 years of service should be completed.
You can also withdraw money from PF to buy land for building a house and for repairing the house. This facility is available after five years of starting the job. You can withdraw money equal to 24 months’ salary to buy land to build a house and 12 months’ salary to refurbish the house.
To repay the home loan, you can withdraw money equal to 36 months’ salary. However, for this you must have completed 10 years in the job.
Advance can be withdrawn from PF to complete one’s own and children’s education. For this you should have completed 7 years of service. In this, you cannot withdraw more than 50 percent of your contribution.

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EPFO Update- When will interest money be deposited in your PF account? EPFO gave this reply

Pravesh Maurya — Wed, 09 Aug 2023 10:08:24 +0000

EPFO Update- EPFO has started the process of interest transfer. More than 7 crore subscribers will get interest money soon. You can also easily check your account.

There is good news for Employees Provident Fund Organization (EPFO) subscribers. EPFO has started the process of depositing the interest for the financial year 2022-23 in the accounts of the subscribers. Soon the interest money will start coming in the PF account of the users. EPFO itself has given this information. Actually, a Twitter user had asked EPFO about the interest. In response to that, EPFO has commented and assured that they will get the interest money soon.

EPFO wrote on Twitter, “The process is in the pipeline, interest will be credited soon. The entire interest will be credited to the account and there will be no loss of interest. Please be patient. It is worth mentioning that recently the government had announced to give 8.15 percent interest on Provident Fund (PF) account for the financial year 2022-23.

read this also- The date for filing ITR has passed, these people can still file the return without paying penalty, are you also included in them?

Check balance sitting at home

Now the PF account holder does not need to go anywhere even to know how much money is in his PF account. He can do this work very easily sitting at home. EPFO is providing the facility to the subscriber to know the PF balance in 4 ways.

Find out the balance in minutes by giving a missed call

To know the PF balance by missed call, the mobile number of the account holder should be registered with EPFO. PF subscriber has to give a missed call on 011-22901406 from the registered mobile number to get the balance information by missed call. After some time, account information will come on your mobile via SMS.

Get information through SMS

To know PF balance through SMS, SMS to 7738299899 from the mobile number registered with EPFO. For this, EPFO UAN LAN (language) has to be typed. Here LAN means language. If you want information in English, then write ENG instead of LAN. For information in Hindi, write HIN instead of LAN. To get account information in Hindi, write EPFOHO UAN HIN and send it to 7738299899. After some time the message of PF balance will come on your mobile.

Take help of website

To see PF balance online, one has to visit EPF Passbook portal. One has to log on to this portal through UAN and password. After this click on Download/View Passbook. After doing this, the passbook will open in front of you in which you can see the balance.

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