Universal Account Number (UAN) is a 12 digit number which is provided to each member of the Employees’ Provided Fund Organisation (EPFO) through which he can manage his PF accounts.
The UAN allotment is carried out as follows :
- The UAN is given to all the PF account holders by the EPFO
- This UAN is further passed on to the concerned employee of the organization
To do UAN registration, you must give these documents-
- Aadhar Card
- PAN Card
- Bank account details
- Identity Proof- Driving License, Passport, Voter Id etc
Advantages for Employees
- Employer Involvement in withdrawals is reduced as the PF of the old organization will be transferred to the new PF account
- Fund Transfer Not Required: The employee needs to give his UAN details and KYC to the new employer and the old PF is transferred to the new PF account
- SMS alerts: Employees receive SMS whenever a contribution is made by the employer
12 comments:
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