WHAT IS EPF AND UAN & HOW TO OPEN UAN ACCOUNT WITH EPASSBOOK
EPF BENEFITS Employees’ Provident Fund:
- All
employees with wages upto Rs.15,000 required joining the Fund. Accumulations
payable on retirement, resignation, death.
- Partial withdrawals permitted for
financing life insurance policies; Acquiring house or site; Marriage of
self or dependents; Education of children; Treatment of illness etc.
- Entitlement
for pension after 10 years of service & on attaining the age of 50
years. Minimum pension of Rs.1,000/- Pension admissible to dependents;
widow, children, dependent parent, nominee. Employees’ Deposit
Linked Insurance Scheme
- Maximum
admissible amount Rs.6 lac.
WHAT IS UAN:-
- UAN
stands for Universal Account Number.
- UAN
will act as an umbrella for the multiple Member Ids allotted to an
individual by different establishments.
- UAN
enables linking of multiple EPF Accounts (Member Id) allotted to a single
member
- Members
can view details of his/her all EPF Accounts.
- Huge labour turnover rate due to increasing short-term contractual employments. UAN facilitates linking of multiple EPF accounts of a member.
- Aadhaar, Bank Account and PAN are the key KYC documents identified.
- Digitally authenticated KYC would facilitate clubbing of all previous PF account numbers.
- UAN is lifelong account number.
- Aadhaar enabled UAN will eventually enable members to access EPF services directly.
EPF MEMBERS’ SERVICES:-
- Correct updated information about his/her EPF Account
- Electronic updates on credits/debits to EPF Account
- Portability of EPF Member Account
- Uniquely identifiable Member Account
- Digitally certified member accounts to preempt frauds/ mis-credits
- Claims settlement without employers’ intermediation
UAN ALLOTMENT & ACTIVATION:-
- EPF members in respect of whom at least one contribution is UAN is allotted by EPFO received in or after Jan-2014
- EPF members not having UAN & no contribution received in or can request EPFO to allot UAN after Jan-2014
- Any citizen (whether EPF member or not) can request for UAN UAN is allotted by EPFO
- UAN holder can register his/her mobile with EPFO for UAN activation
- UAN holder has the option to change the mobile number linked with his/her UAN.
CORRECT
UPDATED INFORMATION ABOUT MEMBERS’ EPF ACCOUNT:-
- Post Activation member receives SMS about credits/debits to their EPF account.
- Members can give a missed call to get details about their PF account.
- Members can download EPF mobile app to track their EPF account.
- Members may list all existing EPF accounts – EPFO would facilitate consolidation of all accounts.
UAN
ENABLED MEMBER SERVICES:-
- In case of Aadhaar enabled UAN, members can submit their claims directly with EPFO.
- Online applications for all EPFO services
- No need to go to the employers for claims attestation.
- Especially useful for EPF members who change their jobs and/or locations frequently
- Members can themselves download UAN Card.
EPFO REQUESTS MEMBERS TO:-
- Collect their UAN from the current employer
- Activate the UAN; (Visit UAN Members e-sewa on https://unifiedportal-mem.epfindia.gov.in/memberinterface/no-auth/uanActivation/activationForm?_HDIV_STATE_=5-7-4216325EFD0EA3C251F3345389CF64AE)
- Provide requisite KYC details (Aadhaar, Bank Account details & PAN) • List all their previous EPF Account numbers with EPFO
- For any assistance - contact UAN Help Desk (18001- 18005); www.epfindia.gov.in -> Our Services -> For Employees -> Services -> UAN Help Desk
MEMBERS ALREADY HAVING A UAN:-
- On joining any new establishment provide the same to new employer.
- IF KYC not provided to previous employer, provide the same to new employer.
- If KYC provided to previous employer give the same to new employer.
- This will facilitate auto-transfer of previous EPF account
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