Question
How can an employee check their EPF balance?
Read the following passage and answer the Questions (Q no. 5 to 8) based on the passage. The provident fund is an essential financial tool for the middle class, offering a safety net for the future while encouraging disciplined savings. For many middle-income individuals, a provident fund represents a primary means of building financial security and ensuring stability during retirement years. Its significance lies not only in providing post-retirement benefits but also in shaping long-term financial habits. One of the key advantages of a provident fund is that it promotes consistent savings over time. For the middle class, where immediate financial needs often compete with the desire to save, the provident fund helps strike a balance by mandating regular contributions from both employees and employers. This compulsory savings mechanism ensures that, regardless of short-term financial pressures, a portion of income is consistently set aside for the future. Additionally, the provident fund offers a sense of security and stability for individuals as they approach retirement. With rising costs of living, particularly in healthcare and housing, the middle class is increasingly concerned about maintaining a comfortable lifestyle in their later years. The provident fund provides a structured way to accumulate savings that can be accessed during retirement, ensuring that individuals have a financial cushion to rely on when they no longer have a regular income.Solution
An employee can check their EPF balance through the EPFO portal or the UMANG app.
Which is the jet stream that brings Western disturbances in India?
How many members are there in a Polo team?
Aditya-L1 is equipped with specialized payloads to explore the Sun's photosphere, chromosphere, and corona. How many payloads in total are dedicated to ...
Following is the trial balance of a firm as on 31.03.2022:
...Under PM Kisan Tractor Scheme, the eligible farmers are provided maximum how much percent subsidy for purchase of a new tractor for farming?
Which Indian organization imposed a penalty on Google?
By which institution or agency is the "Annual Observance Report" published?
Which of the following states has been allocated the maximum number of Rajya Sabhaseats?
ISO 20022 was first launched in India by:
Small amounts of iodine are necessary in our diet to: