A UAN (Universal Account Number) is a unique 12-digit number that is issued by the Employees' Provident Fund Organization (EPFO) to each member of the Employees' Provident Fund (EPF) scheme. It is a permanent account number that is linked to an individual's EPF account, and it remains the same even if an individual changes jobs or locations. The UAN is used to manage and track an individual's EPF contributions and withdrawals, and it helps to simplify the process of transferring EPF balances from one job to another.
In order to be eligible for a UAN, an individual must be a member of the EPF scheme. The EPF scheme is a retirement savings scheme that is designed to provide financial security to employees in the organized sector. It is a mandatory scheme for all employees who earn a salary of less than Rs. 15,000 per month, and it is voluntary for employees who earn a salary of more than Rs. 15,000 per month.
The UAN is issued to an individual upon the opening of their EPF account, and it is typically provided by the employer. It is important for an individual to obtain their UAN as soon as possible, as it is necessary for various EPF-related transactions, such as checking the balance of an EPF account, withdrawing or transferring EPF balances, and updating personal details.
In order to activate their UAN, an individual must first register on the EPFO's member portal, which can be accessed at https://unifiedportal-mem.epfindia.gov.in/. During the registration process, the individual will be required to provide their UAN, name, date of birth, and mobile number. They will also be required to create a login ID and password, which will be used to access their UAN account.
Once the UAN is activated, the individual can use it to access various services on the EPFO's member portal, such as checking their EPF balance, downloading their passbook, and updating their personal details. The individual can also use the UAN to file for an EPF withdrawal or transfer and to view their claim status.
In addition to providing convenience and simplicity, the UAN also helps to reduce the risk of fraud and errors, as it ensures that an individual's EPF contributions are properly credited to their account. It also helps to ensure that an individual's EPF balance is accurately reflected, as it is linked to all of their previous and current EPF accounts.
The UAN is a valuable resource for individuals who are enrolled in the EPF scheme, and it is important for them to obtain and activate their UAN as soon as possible. By doing so, they can take advantage of the various benefits and services offered by the EPFO, and ensure that their EPF contributions are properly credited to their account.
There are several types of transactions that can be carried out using the UAN, including the following:
1. Checking the balance of an EPF account
An individual can use their UAN to check the balance of their EPF account at any time. This can be done by logging in to the EPFO's member portal and accessing the "passbook" section. The passbook will show the individual's EPF balance, as well as the contributions that have been made to their account.
2. Withdrawing or transferring EPF balances
An individual can use their UAN to withdraw or transfer their EPF balances when they change jobs or retire. To do this, the individual must log in to the EPFO's member portal and file a withdrawal or transfer request. The request will be processed by the EPFO, and the individual will receive their EPF balance in the form of a lump sum payment or a monthly pension, depending on the type of withdrawal or transfer request that has been filed.
3. Updating personal details
An individual can use their UAN to update their personal details, such as their name, date of birth, and contact information. This can be done by logging in to the EPFO's member portal and accessing the "update personal details" section. It is important for an individual to keep their personal details up to date, as this will ensure that their EPF contributions are properly credited to their account and that they receive their EPF balance in a timely manner.