UNIVERSAL ACCOUNT NUMBER (UAN)
Background-:
Employee provident Fund Organization has launched new facility i.e. Universal Account Number (UAN) for each of the Provident Fund/Pension Member. The idea is to link Multiple Member Identification Number ( Member ID) allotted to a single number under single Universal Account Number.
For Authenticating UAN,it is mandatory to upload KYC of concerned member employees to tag the same with respective employees UAN. This will help in eliminating the dependency on the employer. Activation Of UAN can be done by member with the help of their Mobile No. Bank A/C No. IFSC Code.
Benefits of UAN_:
1) Member Gets credit message whenever PF Contribution is credited to their PF Account on monthly Basis.
2)Member Can view His /Her PF balance On EPFO Website and can also have his/her PF Balance Detail ON his/her Mobile Number.
Forthcoming Benefits Of UAN-:
1) One Need to transfer the fund from one A/C to another A/c in case of change of employment.
2) Also EPFO is in the process of implementing online PF withdrawal facility would be the Unique Identification Number (UAN) & Aadhar.
Benefits of Online PF Withdrawal-:
1) The filing of withdrawal form would be very easy.
2) The paperwork will reduce. The whole process will be very fast.
3) Filing EPF withdrawl without the signature of the employer would be easy.
Detail Regarding UAN-:
The UAN for each of the PF Account number Appearing in the ECR January 2014 to june-2014
has already be allotted by EPFO and available to the employer on OTCP, Further in respect to generated Universal Account Number Of Employees.
If a member is already allotted with UAN then he/she is required to provide the same on joining new establishment to enable the employer to in-turn mark the new allotted PF/Pension numbers to the already Allotted UAN for which the employer is required to obtain all the details in the Declaration Form 11 issued by EPFO.
The newly issued Declaration Form in Form 11 will help in getting all the relevant information such as whether the member was earlier a member of EPF/EPS detail OF his UAN of previous PF member ID, Scheme certificate No. PPO No. KYC Detail.
Key feature of next version of UAN-:
UAN is the key field in Electric Challan cum Return.
For member joining epf for his first time The would be obtained by the employer or member prior to filling of ECR the employer for that member.
The generation /Linking of UAN can be done through an online functionally on UAN Portal.
This would be manadatory for the employer to include the new member in ECR.
The employer may start remitting dues through ECR for the linked UAN Therefore.
2)Member Can view His /Her PF balance On EPFO Website and can also have his/her PF Balance Detail ON his/her Mobile Number.
Forthcoming Benefits Of UAN-:
1) One Need to transfer the fund from one A/C to another A/c in case of change of employment.
2) Also EPFO is in the process of implementing online PF withdrawal facility would be the Unique Identification Number (UAN) & Aadhar.
Benefits of Online PF Withdrawal-:
1) The filing of withdrawal form would be very easy.
2) The paperwork will reduce. The whole process will be very fast.
3) Filing EPF withdrawl without the signature of the employer would be easy.
Detail Regarding UAN-:
The UAN for each of the PF Account number Appearing in the ECR January 2014 to june-2014
has already be allotted by EPFO and available to the employer on OTCP, Further in respect to generated Universal Account Number Of Employees.
If a member is already allotted with UAN then he/she is required to provide the same on joining new establishment to enable the employer to in-turn mark the new allotted PF/Pension numbers to the already Allotted UAN for which the employer is required to obtain all the details in the Declaration Form 11 issued by EPFO.
The newly issued Declaration Form in Form 11 will help in getting all the relevant information such as whether the member was earlier a member of EPF/EPS detail OF his UAN of previous PF member ID, Scheme certificate No. PPO No. KYC Detail.
Key feature of next version of UAN-:
UAN is the key field in Electric Challan cum Return.
For member joining epf for his first time The would be obtained by the employer or member prior to filling of ECR the employer for that member.
The generation /Linking of UAN can be done through an online functionally on UAN Portal.
This would be manadatory for the employer to include the new member in ECR.
The employer may start remitting dues through ECR for the linked UAN Therefore.
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