How to Read Your PF Statement

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A provident fund (PF) is a retirement savings scheme that is mandatory for salaried employees in India. Each month, a certain percentage of an employee's salary is contributed to the PF account, and the employer also makes a matching contribution. It is important for employees to regularly check their PF statements to ensure that their contributions are being credited correctly.


Here's how to read your PF statement:


Personal Information: The first section of the PF statement will contain your personal information, including your name, employee code, and PF account number.


Employer Contribution: The next section will show the employer's contribution to the PF account, including the percentage of the salary contributed and the total amount contributed.


Employee Contribution: This section will show the employee's contribution to the PF account, including the percentage of the salary contributed and the total amount contributed.


Interest Earned: The statement will also show the interest earned on the PF account balance for the year.


Total Balance: The final section of the statement will show the total balance in the PF account, including the total contributions made by both the employee and the employer, as well as the interest earned.


It is important for employees to regularly check their PF statements to ensure that their contributions are being credited correctly. If there are any discrepancies, employees should immediately contact their employer or the PF office to rectify the issue.


In conclusion, understanding your PF statement is crucial to ensure that your retirement savings are being credited correctly. By following these simple steps, you can easily read and understand your PF statement.

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