The Universal Account Number (UAN) is a unique 12-digit number assigned to employees to the EPF scheme. It acts as a parent, linking multiple Member IDs allotted to an employee over diverese entities. UAN ensures simplified EPF account management and portability.
EPFOÂ (Employees Provident Fund Organization)Â will provide an Universal Account Number. This allows the user to see all of the Member Identification Numbers associated with their UAN account.Â
If someone already has a Universal Account Number, he or she must supply it while joining a new business so that the employer may match the new Member Identification Number to the existing Universal Account Number.Â
After downloading Universal Account Number list, an employer has to follow various steps mentioned below:
1. Centralized Management: UAN facilitates management of things at a single place, irrespective of job changes or transfers.
2. Easy Transfers: It enables employees to link multiple PF accounts under one Universal Account Number, simplifying the EPF withdrawal and transfer processes.
3. Tracking at-the-go: Employers can easily track employee EPF contributions and ensure compliance with EPF regulations.
The major features of UAN are mentioned below:
Generating your Universal Account Number is a simple process:
1. Employer Responsibility: Employers have to register the new employees on the EPFO portal and generate their UANs.
2. Activation: Employees receive their Universal Account Number from employers and can activate them on the EPFO portal by providing necessary details.
3. Linking EPF Accounts: Once activated, employees can link their existing EPF Member IDs to their UAN for consolidated account management.
There are several ways to know your UAN number:
Checking Universal Account Number balance is simple and can be done in multiple ways:
You can easily verify your UAN number through the EPFO portal:
To activate your UAN number, follow these steps:
1. Visit the EPFO Member Portal.
2. Click on ‘Activate UAN’.
3. Enter your UAN number, member ID, Aadhaar, PAN, and other necessary details.
4. You’ll receive an OTP on your registered mobile number. Enter the OTP to activate your UAN.
Once activated, your Universal Account Number can be used to access all EPF-related services on the EPFO portal.
No, EPF (Employee Provident Fund) and UAN number are not the same.
The EPF refers to the actual savings fund that receives contributions from both the employer and employee.
On the other hand, the Universal Account Number is a unique identifier that links various EPF accounts for the employee across different jobs.
The EPFO issues Universal Account Number numbers to employees to manage their EPF accounts efficiently.
We can thus summarize that Universal Account Number acts as a unique identifier for PF account holders as it streamlines the whole Provident Fund Management System.Â
Moreover, it also guarantees the employee’s safety as it is not possible for employer’s to hold or reject PF claims. Universal Account Number eliminates the need for number of PF accounts and reduces the overall cost and time needed for settlement of PF.
Universal Account Number revolutionizes EPF management by providing a centralized, portable, and user-friendly system for employees and employers alike. By streamlining processes and ensuring transparency, Universal Account Number simplifies EPF operations and enhances the overall experience of managing retirement savings.Â
Understanding and effectively utilizing Universal Account Number is crucial for navigating the complexities of EPF contributions and withdrawals in India.
UAN (Universal Account Number) is a 12-digit unique number provided to employees contributing to the Employee Provident Fund (EPF).Â
A UAN number helps in linking various Provident Fund (PF) accounts of an employee. Regardless of job changes, your UAN number stays the same, acting as a one-stop solution to manage multiple EPF accounts under one number.
Usually the employer generates the UAN number when a new employee joins the company.
However, if not, one can generate the UAN number on their own through the EPFO portal. Steps to generate the UAN:
1. Go to the EPFO Member Portal.
2. Select the “Direct UAN Allotment by Employees” option.
3. Provide details like Aadhaar, PAN, and mobile number to generate UAN number instantly.
1: Go to the the Services section of the website (epfindia.gov.in).
2: Choose For Workers and then Member UAN/Online Service (OCS/OTCP) from the services menu.
3: You will now be led to the (unifiedportal-mem.epfindia.gov.in) portal. Click on Know Your UAN under the Important Links section.
By using EPFO online portal an employee can check his PF balance.
You can track the status of your UAN number via the EPFO portal:
1. Go to the EPFO portal and select the “Know Your UAN Status” option.
2. Enter your PAN or Aadhaar, along with your mobile number to track the status of your UAN number.
If your UAN number has not been activated, you’ll be prompted to complete the activation process.