I wrote this answer in response to a question on Quora, and thought of sharing it with a wider audience here. When one starts earning, the most critical question he/she faces is how to manage the personal finance smartly. I faced similar question 5 years ago when I started working. I took some wise decisions, […]
If you are working in a private or a non-pensionable public sector, you must be aware of the Employee Provident Fund (EPF) scheme. It is a fund run by the Government of India to which both the employee and the employer contribute 12% of the monthly basic salary of the employee each month. The employee gets this amount + interest on this amount after the retirement.
Though the employee gets this amount only after the retirement (you can even get it before the retirement in some cases), it is very likely that they would want to know the balance in their EPF account from time to time.
Till some months ago this was a very difficult process. But in July 2011, EPFO (Employee Provident Fund Organization) made these details available online. So, now you can easily find the balance in your EPF account from the comfort of your home.
How To Find The EPF Balance Online?
Before we start, keep your PF account number handy, as you will need it. It is generally given in your monthly salary slip. If not, you can contact your finance department. This is how a PF account number looks like:
Now follow the steps given below to find your EPF balance online:
- Go to http://epfoservices.in/epfo/member_balance/member_balance_office_select.php.
- Select your PF office state from the dropdown as shown below.Check your PF account number to find your office state. For example, if your PF account number is AP/Hyd/xxx then your PF office state is AP and the Office Name is Hyderabad.
As of today, PF balance information is available for 119 offices given in this list:
Clicking on the Office Name will open up a new page as shown below. Enter your PF Account Number, Name and Mobile Number in the respective fields.
In the PF Account Number field, first two cells are auto-filled. 3rd cell is for the Establishment Code, 4th cell is the Extension Code (not applicable for everyone) and 5th cell is the Account Number.Example: If your PF account number is AP/HYD/1234/9876, then 1234 is the Establishment Code (3rd cell) and 9876 is the Account Number (5th cell). Leave the 4th cell blank.
If, however, your PF account number is AP/HYD/1234/A/9876, then write 1234 in 3rd cell, A in 4th cell and 9876 in 5th cell.
Once you click on Submit, you will get an SMS on your mobile with your PF balance in the following format:EPF Balance in A/C No. AP/HYD/1234/9876 is EE Amt: Rs. XXXX, ER Amt: Rs YYYY as on DD-MM-YYYY (Account updated upto 31-03-2011)
Here, EE is the Employee Contribution,
ER is the Employer Contribution,
and Account Updated indicates the date up to which the balance is updated.
This amount also includes the interest earned over the period.
Frequently Asked Questions
Why Is ER Balance Less Than EE Balance?
You’ll notice that the ER balance is much less than the EE balance, even though the employee and the employer contribute equal amount towards the EPF.
The reason for this difference is that a part of the employer contribution (8.33% of the basic salary, up to a maximum of Rs 541/-) goes towards the EPS fund (Employee Pension Scheme). After the age of 58, you start receiving this amount on a monthly basis as your pension. Let us understand this with a simple example:
Say, your basic salary is Rs 10,000/-.
Then, your contribution towards EPF= 12% of 10,000= Rs 1,200/-
Employer Contribution= 12% of 10,000= Rs 1,200/-
A part of Employer Contribution goes towards EPS. This is 8.33% of the basic or Rs 541/-, whichever is less.
So, in our example Rs 541/- will be contributed towards EPS (since 8.33% of 10,000 is Rs 833/-, which is greater than Rs 541/-)
The remaining amount from the Employer Contribution will go to EPF. So, the net contribution of Employer towards EPF is
1200-541= Rs 659/-
I am getting the error: “Invalid Member Id/Data Not Updated”
If you have recently joined an organization, you might get this error, because the records are not updated in real time. Wait for a few months for your record to get updated in the database.
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