Benefits of EPF e-passbook facility



Quick Summary
The EPFO e-passbook facility offers a convenient way to track your Provident Fund (PF) account. It provides a detailed breakdown of your total balance, including employer and employee contributions, pension scheme allocations, and credited interest, all presented month-wise and for the financial year. This digital passbook allows members registered on the Unified Member Portal to view their account activity and even initiate claims for partial withdrawals for various needs.

EPFO is an innovation driven social security organisation aiming to extend universal coverage and ensuring Nirbadh (Seamless and uninterrupted) service delivery to its stakeholders through state-of-the-art technology.

Aim is to provide for the institution of provident funds for employees in factories and other establishments.

The EPFO e-passbook facility displays your total account balance month-wise and for the financial year. You can also see the break-up of employer and employee share as well as the portion that is directed to EPS (employees’ pension scheme). Interest credited for the financial year is also reflected in the statement.

EPF e-Passbook: Track Your PF Balance and Benefits

Key Benefits

  • EPF passbook is a document that contains all contributions made by the employee as well as the employer in EPF and EPS accounts.
  • All contributions made each month are mentioned in the EPF passbook.
  • The passbook contains any interest that has been deposited in the beneficiary's account.
  • This facility is to view the Member Passbook for the members registered on the Unified Member Portal.
  • Passbook will be available after 6 Hours of registration at Unified Member Portal.
  • Changes in the credentials at Unified Member Portal will be effective at this Portal after 6 Hours.
  • Passbook will have the entries which have been reconciled at the EPFO field offices.
  • Passbook facility not be available for the Exempted Establishments Members / Settled Members / InOperative Members.
  • This portal can be use to raise a claim for a partial withdrawal to meet expenses such as house purchase, treatment of critical illness, higher education and so on.
  • The portal also allow to check claim and request for transfer status.
 

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

 

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Company Secretary

Company Secretary having 11+ years of post qualification experience in the Compliance Management Services industry by serving Corporates including Listed Companies, Corporate Secretarial Firms and LLP. Have a keen interest in the Corporate Governance and Compliance Management and the soaring craving to learn everyday. ... Read more

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