Friday, March 10, 2017

UNIQUE ACCOUNT NUMBER (UAN)

                    


UAN stands for Unique Account Number issued by the Employees' Provident Fund Office (EPFO) to the EPF members. It is a 12 digit number allotted to each member to enable the member to consolidate all his previous and present PF account ID  under the single UAN and enjoy the benefit which would flow from it.This number shall be linked to his PF and pension account and shall be valid life long both during his  active service period and also during his post retirement period.

The major benefit of UAN are listed below:

1. Link multiple PF account ID to UAN and enable continuity of PF account membership by transfer of the PF.
account from the previous employer to the present employer.
2. Enable simultaneous transfer of pension account from previous employer to the present employer.
3. It enables easy withdrawal claims.
4. Enables download of  PF passbook.
5. Download UAN card.
6. Enables SMS update  of PF deposits by employer and current balance status.
7. Update your KYC (Know Your Customer) details like PAN card, Aadhar Card, Bank account details etc.

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