Provident Fund Status | PF Status

Read How to know your Provident Fund Status Online

In case you are in Andhra Pradesh there is a portal where you would be able to see your Provident Fund balance online however for the rest of India there is no provision for what so ever to see what your Provident Fund account balance is.

In case you are in other part of India you would have to totally depend on your employer for the Provident Fund account balance. Rather annually the Provident Fund office would issue a statement to your employer stating about the debits and the credits in your Provident Fund account. In case you wish to know at any given point of time apart from when the Provident Fund office issues the statement to your employer then there is no other way apart from you having to visit the Provident Fund office in your city and request them for the updated balance in your account. For this you would need a duly signed application and a copy of your identity card issued by your employer.

Upon receipt of the request from your end the Provident Fund office would issue the balance in your account as on that date. Thankfully this service is not a charged service from the end of the Provident Fund office. However as per the latest update from the Provident Fund office, they are quiet likely to come up with a site that wherein you would be able to get your balance online for your Provident Fund account. But for some unknown reason the site has been overdue now for quite some time now.

On the same context I would like to inform you that as on date apart from the said options there is no other source from where you are likely to get the updated balance of your Provident Fund account.

Your Provident Fund account is your personal savings and you have the right to know that at any given point of time. But the good question is how to know that? First thing that can be done is you can walk up to the HR department in your organization and ask for the balances in your Provident Fund account. You ought to know that they receive an annual statement of the funds accumulated in the Provident Fund accounts held by the organization. So you might as well ask for a copy of that.

Provident Fund Balance Latest Updates

You need to walk up to the Provident Fund office in your city while being armed with a request duly signed, and your identity proof would be required for being a right person for the information and you being an employee of the organization. You can find the list of Provident fund offices here

Thus for that your identity card provided by your employer should be good enough to solve your problem. In case you do not have one then carry with you a Government issued photo identity. Like your Pan Card or Passport so on and so forth. The Provident Fund office would give you the required information basis those. You need to note that the Provident Fund office provided this facility of providing information free of cost. This means you do not need to pay anything for the service.

You might as well do the fund accumulation computation for your Provident Fund yourself as the computation is not a very complicated one. You might as well lookup on the net for the rate of interest on the Provident Fund account that was declared each year by the government.

Employee Provident Fund offices of Pune, Ahmedabad, Chennai and Kerala have online facility for employees to check the status of their provident funds.

Click here to check PF Account in above offices

Income Tax on Provident Fund

The real good news is that there is no Income Tax on Provident Fund. The news gets even better when I would say that your Provident Fund account is going to accrue more interest on it than your normal savings account with a bank. It’s almost like a long term fixed account that you might have. For the fiscal year 2009 the rate of interest provided on the Provident Fund accumulations would be at the rate of 8.5% per annum. It was the same rate of interest that the banks were providing on the fixed deposits some time back.

This is not the only good part about the Provident Fund but there is more to it, as the funding into this Provident Fund account is done by the employer too every month. That too in an equal proportion as an employee would. All the interest that this account earns is tax free. And there are also tax benefits that are provided under US 80c to the employee who pays towards the Provident Fund account.

So over all, the sum total of the entailed benefits of this Provident Fund scheme makes this Provident Fund a darling amongst the other tax saving instruments that are currently present in India. More over to make it even better I would say that since your money is with the Government of India so your money is absolutely safe and you can rest assured that nobody is going to run away with your money at any given point of time.

It’s absolutely a mandate on the employer’s that no deductions or otherwise towards any dues etc. from the employees end. Absolutely cannot be deducted from the Provident Fund account or the funds that ought to go into this account. This has been done by the Government of India to keep the money secured for the employees which is to be used by them during the rainy days in their life or after retirement.

Interest Rate on Provident Fund

The statute of the employee’s provident fund is a scheme, which provides some security to the common people by the means of mandatory savings from their salary. This not only holds the money back for the benefit of the employees for the rainy days. But also gets in an equal amount of contribution from the employee towards the deposits made by the employees to the Employees provident fund.

Furthermore there are also tax benefits that are provided on the amount of deductions made from the salary of the person that is also beneficial to a common man, as the tax burden also gets reduced for him or her, while creating savings for the person and his or her immediate family members. Apart from that there is an interest that is also paid on these savings.

For the current fiscal year 2011 the rate of interest payable to the 4.4 crore members of the Employees provident fund scheme would be receiving an 8.5% rate of interest on the deposits. This is the third year in a row; when the trustees have decided to keep the rate of interest same as the previous year.

As per the officials of the EPF this decision of retaining the same level of interest as per the previous year at 9.5% would be virtually cleaning up the contingency account which the central board of trustees has been dipping in to, to provide a good rate of interest to the contributors to the Employees provident fund. This is a situation for the central board of trustees particularly in the years when there has been an election to be held in the country.

The decision of retaining the interest rate at 8.5% like the previous year came in at a time when the Reserve bank of India has announced a rate cut due to the economic recession all over.


Provident Fund Status said... Provident Fund Status[Reply to comment]Provident Fund Status

Around 50 per cent employees withdraw balance from their Employee Provident Fund (EPF) accounts while leaving their current jobs in Bhopal. Such people are devoid of pension as they don't meet the essential requirement of 10 years of service with one employer.

"Usually, an employee withdraws his EPF balance after they leave a company to join a new one. This becomes a hurdle with regard to pension facilities as the condition of completion of 10-year service is not fulfilled by them," said EPF commissioner Anuj Gupta.

According to Annuj, under the pension plan of the EPF, facilities like widow pension, child pension, orphan pension, dependent pension and nominee pension are available. But rarely do people avail these facilities, probably due to their unawareness, he said.

Jobs on a Cruise Ship said... Provident Fund Status[Reply to comment]Provident Fund Status

@Provident Fund Status The employer also contributes an equal amount to the fund. However, an employee can contribute more than the stipulated amount if the scheme allows for it. So, let’s say the employee decides 15% must be deducted towards the EPF. In this case, the employer is not obligated to pay any contribution over and above the amount as stipulated, which is 12%. If you urgently need the money, you can take a loan on your PF. You can also make a premature withdrawal on the condition that you are withdrawing the money for your daughter’s wedding (not son or not even yours) or you are buying a home.

To find out the details, you will have to talk to your employer and then get in touch with the EPF office (your employer will help you out with this).

Return on Investment

Interest will be calculated for the amount deposited into the PF scheme. The rate of interest is 9.5% (updated) at present (revised rates on PF), this rate will be decided by the govt. on the budget times. The interest payable also will be added into the PF amount. Note that, the interest is monthly cumulative. Another bad news is that, if the PF account is idle for more than three years, they there will not be any interest paid for that account. That means if you leave a company and leave the PF account. It will earn the interest for first three years.

Tax Exemption on PF

The amount you invest is eligible for deduction under the Rs 1,00,000 limit of Section 80C.
If you have worked continuously for a period of five years, the withdrawal of PF is not taxed.
If you have not worked for at least five years, but the PF has been transferred to the new employer, then too it is not taxed. The tenure of employment with the new employer is included in computing the total of five years. If you withdraw it before completion of five years, it is taxed.
But if your employment is terminated due to ill-health, the PF withdrawal is not taxed.

What is Form 13?

Form 13 is used for transferring your PF account from one employer to the another employer. You can download the form 13 from here. When you need to transfer the provident fund to another company, you have to fill the form 13 and give to the new employer. The new employer will start the process and send your application to the provident office of the region. This process normally takes few months.

Rachna Mathur said... Provident Fund Status[Reply to comment]Provident Fund Status

The Employees Provident Fund(EPF) refers to the letter by Mr. Peter Chia published in The Star on 7 December 2011 regarding allowing EPF staff to sign as witness to member’s nomination form and thank him for his feedback.

The underlying reason for not allowing an EPF staff to sign as witness to a member’s nomination form is to ensure that the integrity of the nomination remains intact by avoiding any allegation of collusion among EPF staff.

Besides, it is also not appropriate for an EPF staff to sign as witness to a member’s nomination form as he or she does not know the member or the beneficiary in question.

While this may pose a slight inconvenience to some members, we believe it is a necessary step to take given that a member’s nomination is a very important document that determines the beneficiary of a member’s EPF savings.

However, we would like to highlight that the nomination form can be completed prior to submitting it to an EPF counter. As long as the form is complete, which includes having the member’s thumbprint and witness’s signature on the document, there is no necessity for a member to bring a witness along with him or her to the EPF office.


General Manager

Public Relations

Employees Provident Fund

Delhi to Shimla said... Provident Fund Status[Reply to comment]Provident Fund Status

The Confederation of Indian Industry (CII), Kerala, is organising an interactive session with the Commissioners of Labour and Provident Fund on January 10 at The Center Hotel.

Mr T. T. Antony, Labour Commissioner, and Mr N. Gopalakrishnan, Regional PF Commissioner, will participate in the session.

The objective of the interactive session is to provide a platform to address and deliberate on all matters pertaining to labour and provident fund.

The Labour Commissioner will speak on the specific procedural issues related to labour, and the PF Commissioner will speak on specific procedural issues related to Provident Fund Status in Kerala.

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