Passbook Verification Tool

16-04-2021 admin

You can reach out to us directly at info@passbooks.com or (800) 632-8888 and we will recommend the best Passbook for your test. We are dedicated to providing you with the test-prep tools necessary to secure new careers and lifelong employment! ‎Read reviews, compare customer ratings, see screenshots, and learn more about Pass Scanner and Verifier for Apple Wallet (Passbook). Download Pass Scanner and Verifier for Apple Wallet (Passbook) and enjoy it on your iPhone, iPad, and iPod touch.

Passbook Verification Tool For Small Business
Passbook Verification Tool Online
Passbook Verification Tool For Microsoft

As an employee, you are required to keep a track of your EPF account in respect of the contributions made by your employer and ensure whether the deductions made in its respect from your gross total income actually are credited into your EPF account. For the same, the EPF Passbook can be an important tool. It can help you know the amount of EPF corpus that has accumulated over the years of your employment. Further, when it comes to tax planning, you can refer the EPF statement to know the total contributions made towards the EPF account in a particular financial year that qualify for deduction under Section 80C.

Similar to a savings bank account, EPF account comes with a passbook and to access it you must be registered with the EPFO website. The passbook provides details on PF account number, provident fund, pension scheme details, establishment ID and name of your employer, EPFO office and its type and other details.

EPF Passbook is a document containing all the contributions that are made by an employee and the employer in EPF and EPS accounts. All contributions made each month are mentioned in the EPF passbook. The EPF passbook contains any interest that has been deposited in the beneficiary’s account. If an individual has two EPF accounts, there would be separate EPF Passbooks for every account that can be accessed using the specific member ID after logging in to the account.

Contents of the Passbook:

Given below are the details that are present in an EPF passbook.

The ID of the establishment and the name of the company (Employer).
The ID of the member and the member’s name (Employee).
Name of the EPFO office and its type.
Employer’s and Employee’s share made in the contribution.
Monthly depository and withdrawal contribution of the employee and the employer.
Monthly contribution towards pension account of the employee.
The date and time of printing of the passbook are also mentioned at the end of the statement.

EPF Passbook: Registration

Visit EPFO Website.

Click Activate UAN

A new page asking you to provide details such as UAN, member ID, aadhaar, PAN, name, date of birth, etc. will appear. Note that the details entered are as per EPFO records. Some of the fields marked with a red asterisk are mandatory.

Now, after filling the necessary details, you need to click on the tab mentioning ‘Get Authorization Pin’.
Enter OTP which will be sent to your mobile number that is registered with the EPFO click on ‘Validate OTP and activate UAN’.

When your UAN is activated, you will receive an SMS providing the password for your EPF account, using which you can log into your account. Now, you can view your EPF Passbook only six hours after the registration is complete.

EPF Passbook: Download

Visit Login Portal

Enter your UAN, password and captcha code and Click on ‘log in’.

On successfully logging in to your account, select the member ID to view your passbook.

The passbook is in PDF format which is easily downloadable.

Updating EPF Passbook:

EPF passbook can be updated by EPSO as soon as the contribution is made in the employee’s account. Although the date is not mentioned in the passbook, it contains the month and year in which the contribution is made. If an individual’s passbook is not updated, it is advisable that the individual waits for a few days and then log in to the portal again to get the updated version of the passbook.

Also Read:

(Redirected from Debit slip)

Sample passbook (open), containing the same transactions as the bank statement

A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account.

The Post Office Savings Bank introduced passbooks to rural 19th century Britain

Traditionally, a passbook is used for accounts with a low transaction volume, such as savings accounts. A bank teller or postmaster would write by hand the date and amount of the transaction and the updated balance and enter his or her initials. In the late 20th century, small dot matrix or inkjet printers were introduced that were capable of updating the passbook at the account holder's convenience, either at an automated teller machine or a passbook printer, either in a self-serve mode, by post, or in a branch.

History[edit]

Passbooks appeared in the 18th century, allowing customers to hold transaction information in their own hands for the first time. Up until then, transactions were recorded in ledgers at the bank only, so customers had no history of their own deposits and withdrawals.

The passbook, which was around the size of a passport, ensured that customers had control over their own information, and was called a 'passbook' because it was used as a way to identify the account holder without needing further identification. It also regularly passed between the bank and the account holder for updating.^[1]

Usage[edit]

Credits and deposits[edit]

To add credit to an account by bringing cash to a bank in person, the account holder can fill a small credit slip or deposit slip. The total amount of each note and coin is counted and entered on the slip, along with who it is paid in by and the date. The cash and details are counted and checked by the teller at the bank, if everything is in order the deposit is credited to the account, the credit slip is then kept by the bank and the credit slip booklet is stamped with the date and then returned to the account holder. An account holder uses their passbook to record their history of transactions with their bank.

Debits and withdrawals[edit]

Withdrawals normally required the account holder to visit the branch where the account was held, where a debit slip or withdrawal slip would be prepared and signed. If the account holder was not known to the teller, the signature on the slip and the authorities would be checked against the signature card at the branch, before money was paid out. In the 1980s, banks adopted the black light signature system for passbooks, which enabled withdrawals to be made from passbooks at a branch other than the one where an account was opened, unless prior arrangements were made to transfer the signature card to the other branch. Under this system, the passbook's owner would sign in the back of the passbook in an invisible ink and the signing authorities would also be noted. At the paying branch, the signature on the withdrawal slip would be checked against the signature in the book, which required a special ultraviolet reader to read.^[2] Nowadays, customer verification is more likely to be by PIN and commonly from an automated teller machine.

Direct banking[edit]

For people who feel uneasy with telephone or online banking, the use of a passbook is an alternative to obtain, in real-time, the account activity without waiting for a bank statement. However, contrary to some bank statements, some passbooks offer fewer details, replacing easy-to-understand descriptions with short codes.^[1]