EPF refers to the Employee Provident Fund, which is a savings scheme managed by the Central Board of Trustees, and offered to employees working in the organized sector in India. The EPF is managed and regulated by the EPFO (Employees Provident Fund Organisation of India).
An organization with more than 20 employees must register with the EPFO. The EPF helps employees save a part of their salary for retirement. The amount accumulated earns interest and grows over time, building your retirement corpus.
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UAN is a unique 12-digit number assigned to each member of the EPFO. The UAN helps link multiple PF accounts allotted during service years under a single parent account. The UAN serves as the main account under which the PF accounts are listed. The UAN offers various facilities like linking of PF accounts, monthly notification on the PF received, updating of PF passbook, transfer-in details in PF account and withdrawal of funds without the intervention of the employer.
The UAN remains active across the life of a subscriber. The EPFO aims to ease the processes related to PF accounts, by introducing the UAN. The employees do not need to visit their former employers for PF related documentation and transfer, as everything is managed online using UAN.
See Also: 5 New Steps Taken By The EPFO
You can generate the UAN number online by visiting the UAN online portal. Follow the steps below to generate UAN number online:
See Also: What is EPF?
After generating your UAN number online, you must register the UAN. For registration of UAN follow the steps given below:
Once the registration of the UAN is complete, the user can proceed to activation and login to the EPFO website. The process is simple and the user only needs the UAN number and PF member ID. Given below are the steps to activate and login to the EPFO account:
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