Advantages and benefits of Universal Account Number (UAN)

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UAN is a 12 digit number employer contribution to EPF. The universal account number of an employee remains the same if he or she changes the job.  If someone switches the job then EPFO allows a new identification number. 


Benefits of UAN

• Universal Account Number helps to check employee data.

• It down the burden of employee verification from employers and companies by EPF organization.

• Useful for EPFO for tracking multiple job switches of employees.

• It helps to check the bank details & KYC of the member & KYC without any help from employers.

• anytime EPF withdrawals have reduced the introduction of Universal Account Number (UAN).


Required Documents for UAN

• Bank account information — Account number, branch name, IFSC code.

• ID proof — National identity card like Passport, Voter ID, Adhaar card, Driving License, SSLC book; any photo-affixed.

• Address proof

• Aadhaar Card

• PAN Card

• ESIC Card

Things to Keep in Mind at the time of using Universal account number (UAN)

• Universal account number (UAN) is given to all PF account holders by EPFO

• Universal account number (UAN) details must be downloaded & given to the employer

• Universal account number (UAN) is passed on to the concerned employee of the company

• EPFO web-portals will help in checking the Universal account number (UAN) allotment




FEATURES OF UNIVERSAL ACCOUNT NUMBER (UAN)

• The 12-digit number is assigned to every employee with an EPF account to manage his EPF account.

• It serves the purpose of centralizing all his/her PF (Provident Fund) accounts across companies and functions, independent of employers.

• Every time an employee joins a new organization, he is assigned a new PF account number that enables an employer EPF account.

• The centralization of all PF accounts of an employee not only prevents any chances of faulty withdrawals and transfers, but it also makes these processes seamless and hassle-free.

• It ensures the genuineness of all the PF accounts held by an employee.

• The amount contributed by the employer towards an employee’s PF account can be tracked every month with a universal account number. 

• Employees can also register to their EPF account offline by typing - EPFOHO UAN ENG on their phone and sending it to the contact number. 

• The employees withdrew their Provident fund(PF) online.


CONCLUSION

Here we discussed Universal account Number. If you want any other related information then go to our official website. 

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