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How to Access and Download PF Details Using UMANG App?



pf details using umang app

The Unified Mobile Application for New-age Governance (UMANG) provides access to various customer-centred facilities like Employees’ Provident Fund (EPF), PAN, Aadhaar, Digilocker, making utility bill payments, among others. The Ministry of Electronics and Information Technology (MeitY) and the National e-Governance Division (NeGD) has developed the mobile application. The app has become a convenient medium for EPF holders to manage their account.

The EPF or PF is a pension fund for retirement where both the employer and employee contribute 12 percent equally. However, the contribution was limited to 10 percent in wake of the Covid-19 pandemic. The interest rate is calculated annually by the retirement fund association EPFO. The current rate of interest is 8.50 per annum.

The PF balance can be checked in four different ways – SMS, missed call, Umang app and on EPFO official website. You can download the Umang app on your device. To begin with you require an active Universal Account Number (UAN) and a mobile number registered with EPFO. Log in using your UAN and OTP, and you can check your EPF balance and get your PF passbook.

The app can be downloaded on the Apple App store and Google Play store. Follow the basic steps to access the details.

Open the Umang app on your mobile and register your mobile number using your preferred language. Now tap on the ‘All Services’ option and select ‘EPFO’. To check your PF balance, select ‘view passbook’ under the ‘Employee Centric Services’ page and enter your UAN. Proceed to receive an OTP on your registered mobile number and authenticate.

Once the OTP is verified, you can check complete details of your EPF account. Additionally, select the employer specific tab to view your balance and entries. The specifics of all employers will be specified under the ‘passbook account details’ tab and you can access the contributions rendered in your EPF account during your employment with different employers. You can also download the passbook in PDF format on your phone.

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Moody’s Projects 13.7% Growth in FY’22, Expects 7% Contraction This Fiscal



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Moody’s on Thursday upped India’s growth projection for the next financial year beginning April 1, to 13.7 per cent, from 10.8 per cent estimated earlier, on the back of normalisation of activity and growing confidence in the market with the rollout of COVID-19 vaccine. For current fiscal, the US-based rating agency expects the economy to contract 7 per cent, lower than its previous estimate of 10.6 per cent contraction.

Moody’s Investors Service Associate Managing Director (Sovereign Risk) Gene Fang said “our current expectation is that in the current fiscal ending March 2021, the economy would contract 7 per cent… We expect a rebound of 13.7 per cent growth in the next fiscal on normalisation of activity and base effects.”

The very large rebound incorporates the view that recovery in activity will continue, with the rollout of vaccines and growing confidence in the market that activities are coming back to normal, Fang said in an online conference on India Credit Outlook 2021 organised by Moody’s and its India affiliate ICRA. ICRA Principal Economist Aditi Nayar said it expects 0.3 per cent growth in the third quarter (October-December) of current fiscal.

ICRA expects Indian economy to contract 7 per cent in current fiscal and growth to rebound to 10.5 per cent in the next fiscal beginning April 1. “Recession in India has ended,” she said, adding there could be upside to growth in FY’22 if government’s capital expenditure increases, budget announcements are implemented and vaccination drives are carried out.

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