EPFO update: Now check provident fund account details online

EPFO update: Now check provident fund account details online

BT Online Bureau   New Delhi     Last Updated: July 3, 2011  | 15:58 IST

Provident fund savings
In a remarkable technological offering, the Employees' Provident Fund Organization (EPFO) will now allow you access to details of your provident fund account at just a click of the mouse.

The central provident fund organisation has made available a link on its website, which can be used to check account details via SMS on your cell phones.

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According to reports, the organisation's platform was in testing mode internally for the past two months.

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EPFO has enabled the feature to bring in transparency, where in an individual can check the deposits being made in his/her provident fund account monthly.

EXPERT ADVICE:Don't withdraw from your PF account earlier

All he/she will have to do is log in to the site and share the account number. Any transaction made by the person's company will be shared instantly with him - like a bank statement.

The retirement firm has updated 4.72 crore accounts for 2008-09 ahead of the September deadline set for it. The provident fund accounts are applicable to 9.5% interest rate, as approved by the finance ministry.

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