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Pradhan Mantri Jeevan Jyoti Bima Yojana

Shitanshu Kapadia
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Pradhan Mantri Jeevan Jyoti Bima Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana

Cheapest insurance scheme Pradhan Mantri Jeevan Jyoti Bima Yojana is available in market now.Under this scheme you can purchase insurance cover of 2 Lac rupees with premium of 330 Rs/ per year. This means you are paying less than 1 rupee per day to avail benefit of Pradhan Mantri Jeevan Jyoti Bima Yojana. Although this policy is cheapest insurance policy, here are few points you should know before buying this policy.

Also Read – PMVVY – Pradhan Mantri Vaya Vandana Yojana – Extension and Changes

Pradhan Mantri Jeevan Jyoti Bima Yojana

Policy Term –

Policy Term of Pradahan Mantri Jeevan Jyoti Bima Yojana is 55 years. This limit is fixed and cannot be extended. Other policy available in market provides extended policy term up to 75-80 years.

Maximum Risk Coverage –

Maximum Risk Coverage available under this scheme will be 2 Lac. This amount will be paid to nominee in case of natural or accidental death. This amount is very less and will not be sufficient for any family to sustain for long term.

No Riders –

Pradhan Mantri Jeevan Jyoti Bima Yojana is plain vanilla plan. You can not avail any additional rider like accidental rider, critical illness or premium waiver with this plan.

Age group coverage –

Pradhan Mantri Jeevan Jyoti Bima Yojana is not available for everyone. This insurance is only available for age group of 18 years to 50 years. So if your age is more than 50 years you cannot take this policy.

Closure of Bank Account –

Pradhan Mantri Jeevan Jyoti Bima Yojana is directly linked with your saving bank account. This policy will continue till you maintain balance in your account for renewal. Also remember that closure of bank account linked to this policy lead to closure of this policy.

Single Policy per person –

Pradhan Mantri Jeevan Jyoti Bima Yojana follows single policy single person rule. If you have multiple bank accounts it does not mean that you can buy multiple Jeevan Jyoti Bimas to increase risk coverage of 2 Lac. Although you purchase multiple policies single policy will be applicable and risk coverage will be 2 Lac only.

This is very good scheme and you can definitely buy insurance from Pradhan Mantri Jeevan Jyoti Bima Yojana, however you must remember point discussed above while buying this policy. This policy will be additional cover, you still need good term plan as preliminary requirement for risk coverage.

You can go through rules applicable on PMJJBY from here.

What is your view on Pradhan Mantri Jeevan Jyoti Bima Yojana? Do share it in comment section given below.

How to Check EPF Balance via SMS EPFOHO

Shitanshu Kapadia
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How to Check EPF Balance via SMS EPFOHO

The Employees’ Provident Fund (EPF) is a crucial savings scheme for salaried employees in India. Keeping track of your EPF balance is essential to plan your finances effectively. While many people check their EPF balance via the EPFO portal or the UMANG app, there’s a simpler way to do it—via SMS! In this guide, we’ll walk you through how to check your EPF balance using the EPFOHO SMS service.

The EPFOHO SMS service provides a simple and convenient method to verify your EPF balance. Just send an SMS in a specific way to a designated number, and within a few moments, you will get your EPF balance information. This technique is especially beneficial for individuals lacking internet access or who favor a fast offline option.

UAN Number and PF Number Portability

Check EPF Balance via SMS

Why Check EPF Balance via SMS?

  • Offline Use – Ideal for individuals lacking smartphones or internet connectivity.
  • Fast and Easy – Check your balance in just seconds.
  • Support for Multiple Languages – Accessible in different local languages.
  • Safe and Trustworthy – Direct connection with EPFO servers.

In order to know the EPF balance via SMS it is mandatory to have a UAN (Universal Account Number).  You can check your UAN status by visiting the EPF website.

To Check EFP Balance you (EPF Member) need to send SMS in predefined format from your mobile number. The format of the SMS is EPFOHO UAN followed by first three characters of preferred language.

If your preferred language is English than SMS format will be EPFOHO UAN ENG. You need to send this message to 7738299899. Please note that it is mandatory to use a registered UAN mobile number while using this facility.

This facility is available in 10 different languages namely English, Hindi, Telugu, Punjabi, Gujarati, Marathi, Kannada, Malayalam, Tamil & Bengali.

E.g. If you need balance details in Hindi or Marathi or Bengali, send SMS like:

  • EPFOHO UAN HIN to 7738299899
  • EPFOHO UAN MAR to 7738299899
  • EPFOHO UAN BEN to 7738299899

Once the message is processed at the EPF office you (EPF Member) will receive a message containing details about the UAN Number, Last contribution, and Total PF Balance.

epfo sms services

A member will not receive his/her contribution details if none of AADHAAR, PAN, or Bank A/C is digitally approved and provided by the employer.

How to update change EPF Nomination online with UAN?

Language Codes for EPFOHO SMS Service

The EPFO offers SMS services in various languages. Utilize the correct code from the options provided below –

Language Code
English ENG
Hindi HIN
Punjabi PUN
Gujarati GUJ
Marathi MAR
Kannada KAN
Telugu TEL
Tamil TAM
Bengali BEN
Malayalam MAL

epf balance check

Troubleshooting: What to Do If You Don’t Receive an SMS?

  • Verify Your UAN Activation – Make sure your UAN is activated on the EPFO website.
  • Confirm Your Mobile Number – The message must originate from your registered mobile number.
  • Maintain Adequate Balance – Certain mobile providers might impose fees for SMS services.
  • Wait and Try Again – Connectivity problems could postpone the reply.

Other Ways to Check EPF Balance

While SMS is a quick method, here are some alternative ways to check your EPF balance:

1. EPFO Portal

Log in to the official EPFO portal and navigate to the ‘Member Passbook’ section.

2. UMANG App

Download the UMANG app, link your UAN, and check your balance instantly.

3. Missed Call Service

Give a missed call to 9966044425 from your registered mobile number to get your balance details.

4. EPF Balance via Employer

Your employer can also provide EPF balance details through the company’s HR department.

Security Tips When Checking EPF Balance

  • Refrain from disclosing your UAN or personal information to unfamiliar sources.
  • Make sure your mobile number is registered and current with EPFO.
  • Steer clear of third-party applications that assert they offer EPF information.

Frequently Asked Questions (FAQs)

1. Can I check my EPF balance via SMS without a UAN?

No, you must have an activated UAN linked to your mobile number to use the SMS service.

2. Is there a charge for using the EPFOHO SMS service?

While EPFO does not charge for the service, your mobile operator may charge a nominal SMS fee.

3. How often can I check my EPF balance via SMS?

There is no limit, but it is advisable to check periodically rather than frequently.

4. Can I check my EPF balance in Hindi or any other regional language?

Yes, you can receive EPF balance details in multiple languages by using the respective language code.

5. What should I do if my mobile number is not linked with my UAN?

You must update your mobile number on the EPFO portal or contact your employer for assistance.

Conclusion

Verifying your EPF balance through SMS with the EPFOHO service is an easy and efficient way. Whether you’re preparing for retirement or simply monitoring your savings, being aware of your EPF balance can assist you in making informed financial choices. Follow the steps mentioned earlier, make sure your UAN is operational, and relish an easy method to keep track of your EPF balance!

A dedicated helpdesk service is launched by EPFO for this. The toll-free number 1800118005 is assigned to this helpdesk. You can contact this helpdesk from 9:15 AM to 5:45 PM for all your queries related to UAN and SMS service.

PF withdrawal process and rules

Shitanshu Kapadia
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PF withdrawal process and rules

PF withdrawal

PF withdrawal – PF is retirement corpus and it is not advisable to touch PF, however under unavoidable circumstances you can do PF withdrawal. You might have heard that PF withdrawal is difficult and time-consuming procedure. In this post let us discuss about PF withdrawal process and applicable rules.

PF withdrawal rules – When and How you can withdraw PF

Condition 1 – You are working in establishment

You can withdraw PF in emergency situations during your job tenure. As per rule 7 different situations allows you to withdraw full or partial amount from PF.

1 Medical Treatment

  • You can withdraw PF for medical treatment of your wife, children or parents.
  • You need to submit proof hospitalization that treatment is going on since past one month.
  • Approval certificate from employer need to be submitted along with withdrawal Form 31.
  • You can withdraw amount up to your 6 month salary (Basic + DA).

EPF withdrawal for medical treatment with self-declaration

2 Marriage or Education

  • PF withdrawal is allowed for your marriage or marriage of your brother, sister and children.
  • PF withdrawal can be done for your education or education of your children.
  • In order to withdraw money for this reason you need to submit proof.
  • You should be in job for minimum 7 years.
  • You need to fill Form 31 for this withdrawal.
  • For this reason you can withdraw 50% of Employee share with interest.

3 Purchase or construction of House

  • You can withdraw money from PF for purchase or construction of house.
  • You should be in job for minimum 5 years.
  • Withdrawal of maximum 2 years salary Basic + DA is allowed.
  • You need to fill Form 31 for this withdrawal.

4 House Renovation

  • Under special case PF withdrawal is allowed for Home Renovation.
  • To avail this facility your House should be purchased before 5 years.
  • Maximum withdrawal of 1 year salary is allowed (Basic + DA).
  • Form 31 along with self declaration need to be submitted for this withdrawal.

5 Repayment of Home Loan

  • PF withdrawal is allowed for Home loan repayment.
  • In order to avail this facility you should be in job for minimum 10 years.
  • Withdrawal of maximum 2 years salary Basic + DA is allowed.
  • You need to fill Form 31 for this withdrawal.

6 Special Cases

  • Under special case PF withdrawal is allowed like closure of establishment for more than 15 days or if you are removed from job without any compensation or if you have not received salary for more than 2 months due to strike.
  • Withdrawal of Entire employee share with interest is allowed.
  • Certificate from employer along with form 31 is required.

7 Before one year of Retirement

  • You will able to withdraw PF after 54 years of age and within one year of retirement.
  • 90% of PF money can be withdrawn under this situation.

E-nomination facility by EPFO on Unified Member Portal

Apart from above you can take PF advance in abnormal condition like damage to property due to natural calamity and also for investment in Varistha Pension Bima Yojana.

Money from PF withdrawal is taxable if it is withdrawn before 5 years of opening of account.

For more information you can refer to EPF withdrawal instructions.

Condition 2 – You have left the job

If you have left your Job and not planning to take other Job, than you can apply for final settlement via Form19. You can wait for two month before applying for this withdrawal.

Before applying for settlement through Form19, you must have information about PF account number, Date of joining, Date of leaving, Bank account number and IFSC code.

Procedure of PF Withdrawal –

  1. Take Form19 and Form10C from your HR department or download this form from EPF website.
  2. Fill these forms and submit both these forms to HR.
  3. HR will attest these forms and forward it to regional PF office.
  4. The regional PF office will take one month to process your application.
  5. Once application is processed EFPO will deposit PF amount directly in your account.

PF withdrawal process

Hope I have covered everything about PF withdrawal process and its rules. If you feel anything is missing in above post do let me know by submitting your comments.

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