For EPF account holders, the Universal Account Number (UAN) is crucial since the whole Employee Provident Fund (EPF) services procedure is now conducted online. UAN makes it simple to use your PF account services, including withdrawal, monitoring your EPF balance without an employer’s assistance, and applying for a loan. Read on to know how to generate UAN.
The 12-digit Universal Account Number (UAN) is a special identification number. The Employees’ Provident Fund Organization assigned this number (EPFO). This number is given to both the employer and the employee which enables them to make contributions to the EPF account. Employee Provident Fund (EPF) is identified and kept safe by its UAN number. Therefore, even if many PF accounts are established for you by various employers, they will all be associated with a single UAN number.
The introduction of UAN has made it easier to track an employee’s EPF accounts than it was previously. With the aid of UAN, the member may quickly and conveniently transfer his PF from his previous accounts to the new one online. Thus, by activating his UAN, the member can access all of EPFO’s online services.
To examine the credits and debits in the PF account, Universal Account Number is necessary. Individuals can withdraw and transfer money using UAN without depending on their job. Employees may access their PF accounts freely thanks to online processing. Likewise, employees can monitor monthly deposits using UAN.
Yes, UAN can be created online with so much ease. To use the online services offered by EPFO, UAN registration is required. Therefore, UAN activation and registration are only done online. Employees can check their PF account balance totals with their 12-digit UAN number. The process to get UAN online is pretty simple. Also, read on to know about it.
The actions below must be taken by the employer in order to register an employee for a UAN:
The company typically gives the employee their UAN and PF information after the UAN is generated and their EPF account is connected to it. However, by following the easy methods listed below, you may quickly determine your UAN:
By doing the actions listed below via the UAN member portal, an employee can activate their UAN:
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