• By Aditya Pratap Singh
  • Thu, 23 Nov 2023 05:05 PM (IST)
  • Source:JND

Provident Fund (PF) is now a common term for people working in any organisations. Every month, a certain amount is deducted from the employee's salary, and deposited into the Employee Provident Fund. Usually, this is the first step towards retirement corpus. As working professionals, we do not deposit money in EPF accounts by ourselves. It is the company that deposits the PF money every month by deducting a certain amount from our salary and we get annual interest on it.

PF Deduction Scenario

Every month Company deducts 12% of the employee’s basic pay and DA to deposit in the PF account. The company also deposits a 12% contribution into the employee's PF account. Of the company's contribution, 3.67 percent is credited to the EPF account, and 8.33 percent money is deposited in the Pension Scheme.

How to check whether money is being deposited in a PF account or not?

Now, how will you know whether your company is depositing EPF money or not? You either get information about whether your money is being deposited regularly through SMS or you have to check for it by yourself.

To inquire about the same, you will have to check the passbook of your EPF account. You will find details of the amount credited to your PF account in your passbook. You can check this by visiting the EPFO Portal.

Steps to check passbook on the EPFO portal

  • On the home page, Find the 'Our Services' tab and then select Employees' from the drop-down menu '.

  • Then click on member passbook' just below the service column.

  • Next, you will have to enter your UAN and Password and have to enter a captcha to log in.

  • Once logged in, enter the member ID. Soon your EPF balance will be visible.