Universal Account Number News

Traditionally transferring EPF money was difficult and time-consuming but not anymore. With the launch of the Universal Account Number and under the one employee-one EPF account platform, employees can now transfer provident fund money online. We tell you the process.

EPFO launched a facility for formal sector workers to obtain universal account number online without depending on employersAt present, workers are required to apply through their employers to get the UAN, which enables them to avoid filing PF transfer claims on changing jobs

A small percentage of employees are unable to generate UAN (a 12-digit Universal Account Number to all employees entitled to EPF) due to mismatch in dataThe release quoted EPFO officers as saying that the process of claim has evolved from offline filing to digital and app-based platform

You need to fill the PF withdrawal form and submit the same to the regional Provident Fund office

Employees in private PF trusts have rights to check and get discrepancies fixed, if any

Here's a step-by-step guide to knowing provident fund (PF) Universal Account Number (UAN)

Employees' Provident Fund Organisation has introduced UAN-Aadhaar linking facility for the convenience of members using EPFO link in UMANG app

EPFO should further simplify the provident fund processes to make the lives of members and employers easier

There were concerns that firms may let go of existing employees and hire replacements to avail of the incentives

EPFO decides that claim forms may be accepted without UAN if the date of leaving/exit of the member is before 1 January 2014