EPF India: How to Check Balance, Withdraw Funds & Key Benefits [2025 Guide]

EPF India: Everything You Need to Know

The Employees’ Provident Fund (EPF) is a retirement savings scheme managed by the Employees’ Provident Fund Organisation (EPFO). It helps employees save a part of their salary every month, which is then available upon retirement, resignation, or emergencies.

What is EPF?

EPF is a government-backed retirement savings scheme where both the employer and employee contribute a fixed percentage of the salary every month. The total amount, along with accrued interest, helps in securing the financial future of employees.

Benefits of EPF

• Financial Security: EPF provides a long-term financial cushion for employees.
• Tax Savings: Contributions qualify for tax deductions under Section 80C of the Income Tax Act.
• Employer Contribution: Employers contribute 12% of the basic salary to the EPF account.
• Higher Interest Rate: EPF earns a competitive interest rate declared by the government.
• Easy Withdrawal: Employees can withdraw EPF for medical, home loan repayment, education, and retirement.

How to Check EPF Balance Online?

Employees can check their EPF balance using these methods:

1. EPFO Portal

Visit the EPFO website, log in with your Universal Account Number (UAN) and password, and check your EPF balance.

2. UMANG App

Download the UMANG app, link your UAN, and access your EPF details instantly.

3. SMS Service

Send an SMS to 7738299899 in this format: EPFOHO UAN ENG.

4. Missed Call Service

Give a missed call to 011-22901406 from your registered mobile number to receive EPF details via SMS.

EPF Withdrawal Rules

Employees can withdraw their EPF under specific conditions:

1. Retirement

Full withdrawal is allowed upon reaching 58 years of age.

2. Unemployment

If unemployed for more than 2 months, employees can withdraw 75% of their EPF balance.

3. Medical Emergency

Partial withdrawal is allowed for hospitalization, surgeries, or critical illness treatment.

4. Home Loan Repayment

Employees can use EPF funds to pay off home loans or purchase a new house.

5. Education or Marriage

Partial withdrawal is allowed for the education or marriage of self, children, or siblings.

Steps to Withdraw EPF Online

Follow these steps to withdraw your EPF balance:

1. Visit the EPFO portal: Go to EPFO Official Website.
2. Log in with UAN: Use your UAN number and password.
3. Go to ‘Claim Section’: Click on ‘Online Services’ > ‘Claim’.
4. Submit the Form: Enter withdrawal reason and upload required documents.
5. Receive the Funds: Approved amount is credited to your bank account within 10-15 days.

Frequently Asked Questions (FAQs)

1. Can I withdraw my EPF balance before retirement?

Yes, partial withdrawal is allowed for specific purposes such as medical emergencies, home loans, and education.

2. How much interest does EPF provide?

EPF interest rates are revised annually by the government. You can check the latest rate on the EPFO website.

3. What is the UAN number in EPF?

UAN (Universal Account Number) is a unique identifier that helps employees manage multiple EPF accounts seamlessly.

4. How do I update my KYC for EPF?

You can update your KYC details such as Aadhaar, PAN, and bank details through the EPFO portal under the ‘KYC’ section.

Final Thoughts

The Employees’ Provident Fund (EPF) is a crucial savings tool for employees in India. Keeping track of your EPF balance and understanding the withdrawal rules ensures you maximize its benefits.

For more details, visit the official EPFO website:

🔗 EPFO Official Website