EPF account holders must have a Universal Account Number (UAN) in order to use online Employee Provident Fund (EPF) services. Logging into the EPFO portal with the UAN makes it simple to access services for your PF account, such as PF withdrawal, EPF balance check, and PF loan application. As a worker, one can demand another part ID by presenting the UAN to the new business.
Universal Account Number (UAN) Login
The Employee Provident Fund (EPF) gets a part of each and every salaried specialist’s pay through their UAN, or Universal Account Number. The reason for this is that the Employees’ Provident Fund Organization (EPFO) issues UANs, which are unique identification numbers that are associated with your EPF. The employee’s UAN is linked to the member ID once it is created.
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What Is UAN?
Every employee who contributes to the EPF is given a 12-digit unique number known as the Universal Account Number (UAN). The Employees’ Provident Fund Organization (EPFO) generates and distributes it, and the Ministry of Labour and Employment of the Indian Government authenticates it. No matter how many jobs an employee has, their UAN stays the same throughout their career. EPFO assigns a new member identification number, or EPF Account (ID), linked to the UAN to each employee who switches jobs.
What is UAN Number?
UAN represents Universal Account Number which is a 12 digit number that every individual from the Employee Provident Fund is distributed against his/her name. The Ministry of Employment and Labor in India is in charge of issuing the EPFO UAN. This figure stays the same throughout an employee’s career. EPFO issues the employee a new member ID in the event of a job change; however, his UAN remains the same because it is linked to all member IDs. So this number aides you in following your all out EPF commitments, under your past employer(s) as well as current business, across the board place.
Documents Required to Open UAN
To complete your Unique Account Number Registration, you will need the following documents if you have just started working for your first registered business.
- The account number, IFSC code, and branch name are all part of the account information.
- Any national identity cards with a photo on them, such as a driver’s license, passport, voter ID, Aadhaar, and SSLC Book, are considered ID evidence.
- A recent utility bill signed by you, a rental or lease agreement, a ration card, or any of the above-mentioned identification documents indicating your current address.
- Your UAN should be linked to your PAN card. Aadhaar card: Aadhaar is required because it is linked to a bank account and a mobile phone. The ESIC card.
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UAN Benefits to the Employee
- Employer involvement has significantly decreased with UAN.
- The employee must provide the new organization with his UAN information and KYC, and the old PF will be transferred to the new PF account after verification.
- As a result, there is no explicit manual method for transferring funds.
- Subscribe to an SMS service to be notified whenever the employer makes a contribution after registering at the UAN portal.
Step to Withdraw or Transfer with the UAN Number
An employee can choose to withdraw or transfer his funds when he changes jobs. However, the majority of people did not use their PF because the procedure required so much time.
- You could link your UAN to all of your PF accounts.
- You must provide your UAN to your employer and manage your account online following the KYC verification.
- On your mobile device, you receive a monthly update on employer contributions to your PF account.
- The employer’s involvement in a PF account that is linked to a UAN is reduced.
- EPF passbook can be accessed online through the Umang app or website.
- Withdrawals from a PF are simpler and can be made without the employer’s involvement.
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Final Words
All salaried employees who contribute a portion of their income to EPF receive a UAN, or Universal Account Number, which is a 12-digit unique identification number from EPFO. An unaltered UAN is issued to each EPFO member throughout the employee’s professional life. However, each time the employee changes jobs, he receives a new PF account number, and each of these PF accounts is linked to a single UAN. Therefore, the UAN enables you to online transfer or withdraw funds from your PF account with the click of a few buttons, track all of your EPF contributions, check your EPF balance, and more.