what is pf statement? Why is it needed?
If you have a job and your company deducts a significant amount of money each month from your salary as PF, you can verify that in your ‘PF statement’. Think of it as a passbook for your Provident Fund account, almost similar to your savings bank account statement.
It contains all the significant records, such as
- You and your employer’s contributions for each month.
- The amount of Interest you gain on the contributions.
- Opening and closing EPF balances of each fiscal year.
- Date-wise transaction history, including partial withdrawals, advance claims, or transfers across various companies where you worked.
Get this e-statement by visiting this official portal. Enter details and sign in to view your EPF Passbook and get to know about your claim status instantly.