The new EPFO Unified Portal allows anyone to check their EPF balance, update EPF KYC details, apply for e-nomination, request claims for partial withdrawal, and much more. Before the introduction of the EPFO Unified Portal, one had to visit different sites, but not anymore. Now, you can access all your EPF account-related details that you need via a single portal. Basically, the EPFO Unified Portal is your one-stop shop for your EPF scheme. So, what does this EPF scheme do?
Well, this scheme allows the employer to deduct a small portion of the amount from an employee’s monthly compensation and add it into the employee’s EPF account. The employer also adds another contribution that is separate from the amount deducted from the employee’s fees. Both of these funds go into the employee’s EPF account every month, and on top of that, the EPF account gets an 8.5% compound interest.
So, a significant sum is slowly generated over the period of the employee’s career at the company. But how much money does an employee get in their EPF account? Well, that’s where EPF Unified Portal comes in. It allows you to check your EPF account balance and a whole lot more. But before we discuss the features of the new EPFO Unified portal, let’s talk about two categories of EPF unified portal.
The Two Categories of EPF Unified Portal
There are two categories of EPF Unified portal, and they are as follows-
- EPF Employer Portal
The EPF Employer portal is specifically designed for the employers, companies, and organizations that provide EPF benefits schemes for their employees. If an organization or company has more than 20 employees, they must give this EPF benefits scheme to their employees, as the Government of India has made it mandatory. But if an organization has less than 20 employees, they don’t have to provide EPF benefits, but they can still do so out of the goodness of their heart. They can voluntarily register to provide the EPF scheme to their employees. The EPF Employer Portal delivers employers with various links and tools to make it easier and simpler to get their work done much faster.
- EPF Employee Portal
The EPF employee portal is also filled with various tools, services, and documentation to ensure you have no issues when you navigate through the portal. Everything you need to know about EPF accounts, such as account balance, withdrawal limit, or EPF loan applications, is available on the site. You must check for dedicated links under the “Services” tab and find out what you need. Also, if you are unsure about something or cannot find something you need, check out the downloads section. It is filled with all the necessary documentation and FAQs to help you find whatever you need.
To clarify, both the employer and the employee section are available via the same EPFO Unified Portal. One just needs to select employer for employer access and employee section for employee access.
The Features of The New EPFO Unified Portal
Here are some of the major features of the new EPFO Unified Portal.
- EPF Balance Check
The new EPFO Unified portal makes it easy for employees to check their EPF account balances. All one needs to do is enter their UAN number, password, and EPF balance. But your KYC must be registered with your UAN Number.
- EPF Account Activity Check
The new EPFO Unified portal provides SMS updates whenever there’s any credit or debit activity in their account. If you want an instant EPF balance check, you can even get that by giving a missed call to this number 9718397183 from the mobile number that is registered to the EPF account.
- Submit Claims Online
If you have already linked your UAN number with your Aadhaar number, then you can directly submit various claims on the EPFO Unified Portal online. Claims such as partial withdrawal, EPS, or even full settlement of EPF can be submitted online. However, if you don’t have your Aadhaar linked to your UAN, you can even link that on the unified portal.
- Download the UAN Number Card
If you are already enrolled in the EPFO Unified Portal via the UAN number and OTP authentication, then you can easily download your UAN card online. You can even take a printout of the most recent transaction entry from the same unified portal anytime.
- Update KYC Details
If your UAN number is not linked with any KYC details such as Aadhaar number, PAN, Voter, Driving License, etc., then you can do that right here on the new EPFO unified platform. You can even update the details of your existing KYC details on the same unified portal.
Conclusion
The aforementioned gives a comprehensive look at the EPFO Unified Portal along with a clear view of the features that can be availed of by working professionals in the country.