Many companies deduct the employee’s money but do not deposit it in the PF account. Recently, a case was registered against airline company Spyjet for non-deposit of PF money. EPFO is planning to send SMS as soon as money is deposited in the EPF account.
New Delhi. In India, it is not a new thing for companies and employers to embezzle money from their employees’ Provident Fund (PF Account). Recently, the Economic Offenses Wing of Delhi Police had registered a case against SpiceJet officials for not depositing the PF money in the accounts of the company’s employees. EPFO is soon going to make a new arrangement to curb this trend of embezzlement of PF money by the companies. Under this, as soon as the money is deposited in the EPF account, its information will reach the employee in real time through SMS (PF Account SMS). If he does not receive SMS in any month, he will come to know that the company is embezzling his PF money.
Most of the employees are not aware whether the PF money is being deposited in the employee’s PF account or not. Although, they can know their PF balance in many ways, but till now there is no way available to know the status of PF deposit in real time. To overcome this shortcoming, EPFO is now adjusting its IT system like banks so that as soon as the company deposits money in the employee’s PF account, the SMS reaches the employee’s registered mobile number.
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Many employers deduct money but do not deposit it.
Many companies deduct the employee’s PF money from the salary, but do not deposit it in the PF account. This causes huge loss to the employee. EPFO’s work also increases because it receives a pile of complaints. Getting information about the money deposited in the PF account every month through SMS will curb the tendency of companies to embezzle money from their employees.
Check PF balance like this
He can easily check the balance of PF account sitting at home. EPFO is providing the facility to the subscribers to know the PF balance in four ways.
Get help from the website
To check PF balance online, visit EPF passbook portal. Log in 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.
Know your balance through Umang App
Download Umang App. Click on EPFO in the app. In this click on Employee Centric Services. After this, click on View Passbook and enter your UAN and password. You can check PF balance by entering the OTP received on the registered mobile number at the designated place.
Find out by making a missed call
You can also know the balance from the number registered with EPFO. To get balance information through missed call, PF subscriber has to make a missed call on 011-22901406 from the registered mobile number. After some time, account information will come to your mobile through SMS.
Get information through SMS
To know PF balance through SMS, send SMS to 7738299899 from the mobile number registered with EPFO. For this you will have to type EPFO UAN LAN (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 number 7738299899. PF balance message will come on your mobile.
Tags: business news, EPFO, EPFO account, PF account
FIRST PUBLISHED: October 9, 2024, 08:29 IST