The EPF Statement 2024, also called the EPF Account Statement 2024, is issued annually by the Employees’ Provident Fund Organization (EPFO) on its official website, https://www.epfindia.gov.in.
Subscribers can download their PF Statement 2024 using their login credentials on the EPFO Employees Service Portal.
What is the EPF Account Statement 2024?
The EPF Account Statement 2024 is a comprehensive document detailing all transactions within your EPF account over the year.
This statement includes contributions from the employee and the employer, interest earned, and any withdrawals made during the year.
It is crucial for monitoring your retirement savings and ensuring accuracy in your EPF account.
Why is the EPF Account Statement Important?
Your EPF account statement is essential for tracking contributions and ensuring the correct amount is credited to your account.
It also proves your retirement savings, which can be crucial when retiring or for loan applications. For employers, it helps maintain transparency and accountability towards their employees.
Key Components of the EPF Statement 2024
The EPF Statement 2024 includes several important details:
- Personal Information: Your name, date of birth, and employee identification number.
- Employer’s Contribution: Details of your employer’s 12% salary contribution towards your EPF.
- Employee’s Contribution: Your contribution to your EPF can be equal to or less than your employer’s contribution.
- Interest Earned: Information on the interest accrued on your EPF contributions over the year.
- Withdrawal Information: Details of any withdrawals from your EPF account during the year.
How to Check and Download Your EPF Statement 2024
Accessing your EPF Statement 2024 online is a straightforward process:
- Visit the official EPFO website: https://www.epfindia.gov.in.
- Navigate to the ‘For Employees’ section from the homepage.
- Click “Member Passbook” and log in using your UAN (Universal Account Number) and password.
- Once logged in, you can view and download your EPF statement.
| Name of the statement | EPF Statement |
|---|---|
| Website | https://www.epfindia.gov.in/ |
| Download PF Statement | Download the EPF Account Statement |
Alternatively, you can receive your EPF account statement via SMS. Send an SMS to 7738299899 in EPFOHO UAN ENG, where “ENG” refers to your preferred language.
Benefits of Downloading Your EPF Account Statement
Downloading your EPF account statement offers several advantages:
- Tracking Contributions: Monitor the contributions made to your EPF account.
- Proof of Investment: Use your statement to prove your EPF investments for retirement and tax purposes.
- Discrepancy Identification: Identify and rectify any discrepancies in your account promptly.
- Retirement Planning: The statement provides a clear overview of your accumulated savings, helping you plan for retirement.
How to Use Your EPF Account Statement
Your EPF account statement is a valuable document for various purposes:
- Retirement Planning: Provides insights into your retirement savings, aiding financial planning.
- Tax Returns: As proof of investment for claiming tax deductions under Section 80C.
- Loan Applications: Acts as proof of income when applying for loans.
Resolving Discrepancies in Your EPF Account Statement 2024
If you find any discrepancies in your EPF Account Statement 2024, take the following steps:
- Contact Your Employer: Inform your employer about the discrepancies and request verification.
- Rectification: If the employer cannot resolve the issue, file a grievance through the “Register Grievance” section on the EPFO website.