Over the past few years, the Employees’ Provident Fund Organization (EPFO) has been working towards making the services seamlessly available online. One of the essential elements that EPFO has is to provide the active Universal account number (UAN). The primary concept behind UAN is to provide one account number for a subscriber, regardless of the number of jobs have been changed. So, once you have received your UAN from the EPFO, it is going to be the same in all of your future organizations.
Full Form of UAN is Universal Account Number.
What is EPF Universal Account Number?
Issued by the ministry of employment and labour under the government of India, the Universal Account Number (UAN) is a 12-digit number that is provided to every member of the Employees’ Provident Fund Organization (EPFO). UAN number is also helpful in managing all of the PF accounts. It can further assist you to get the information regarding provident fund (PF), irrespective of the company or organization you work in.
Advantages of UAN
The universal number remains the same for every employee. However, a new member ID is provided every time there is a switch or change of a job. Linked to one UAN, these member IDs can be received upon submitting the UAN to the new employer.
Some of the features of UAN are mentioned below:
The PF universal account number is helping in keeping track of the jobs that the employee has changed
The EPFO is now allowed to access the KYC and Bank details of an employee after the introduction of UAN
Withdrawals from the EPF scheme have decreased considerably
The UAN has also decreased the hassles that companies had to go through with employee’s verification
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Important Features of Universal Account Number
The EPF balance UAN number is a unique number for every employee and is independent of the employer
With UAN, the involvement of the employer has been decreased as the PF of the previous company can now be transferred to the new PF account once you have completed your KYC verification
The employer is allowed to authenticate the employees with the UAN in case KYC verification has been done
Since the process is online, employers are not allowed to hold back or deduct PF
Employees can check the PF deposit every month by registering on the official EPF member portal
Upon every contribution made by the employer, employees can receive an SMS update regarding the same
If you have changed the company or the organization, all you would have to do is provide KYC and the UAN details to the new employer so as to transfer the old PF to the new account
Online Process of UAN Allotment
Follow the steps mentioned below to generate a UAN number:
Log in to the EPF Employer Portal by using the your ID and password.
Move on to the Member tab and click on Register Individual.
Provide employee’s details such as Aadhaar, PAN, bank details, and other personal details.
Click on the Approval button after checking all the details.
A new UAN will be generated by EPFO.
Once the new UAN is generated, new employers can easily link the Provident Fund account of employees to that UAN.
To have a secure and successful PF UAN number activation and registration, the following documents need to be provided:
Identity proof, such as passport, driving license, voter card, etc.
How to Register UAN?
UAN registering can be done in a few simple steps:
Go to the EPF Member Portal
Click on activate UAN
Add the required information, such as UAN, mobile number, email ID, date of birth, name, PAN, Aadhaar, etc.
Click on Get Authorization PIN to receive the PIN to the registered mobile number
To verify the account, enter the PIN
Create a username and generate a password
Steps to Activate the Universal PF Number
Go to EPFO Website
Visit Our services and choose For Employees
Click on Member UAN/Online Services
A new page will open up where you will have to enter all of the information, such as UAN, PF member Id, and mobile number
Complete the Captcha
Click on Get authorization PIN
Choose I Agree and enter the OTP received on the registered mobile number
To access the portal, you will then receive a password
Prior to the introduction of UAN, the EPF process was excruciating and extremely time-consuming. Apart from that, the privacy was compromised at several stages as well. The UAN has brought resolution to an array of problems and is also proven to be advantageous to both the employees as well as the employers. So, know your UAN number from your employee. If you haven’t registered your UAN number, it is time to do so now.
Disclaimer: All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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