UAN stands for Universal Account Number and this number is being provided by the EPFO – Employee Provident Fund Organization to all the members of the PF. UAN remains constant throughout the life of an employee no matter how many switches he makes in his job as UAN clubs all the PF numbers under one roof. And it is with the help of UAN, an employee can see all the PF accounts in one place. Check how to activate your uan here.
What are the benefits of UAN to employees?
The first and foremost benefit is that you would not have multiple PF accounts now as all your PF accounts are linked under the UAN.
You no longer need the approval of your employer in case you want to link your PF account. If you have done the KYC, then only your personal details should match in order to link your present and past PF accounts.
UAN helps in making the transfer of PF easy. After you have linked all your accounts under UAN, the PF transfer process takes place all by itself. There is no need to visit the PF office to have your PF transferred.
In case you do not have a UAN, you won’t be able to withdraw your EPF. So this is one major benefit of UAN for the employees.
Another benefit is that you don’t really need to visit the PF office or your past employer in case you want to get the money withdrawn. It can be done easily in a matter of few clicks if you already have a UAN.
With the help of UAN, you can even check the status of your requests or your EPF balance in a matter of seconds. For example, if you send your UAN number to 7738 299 899 in the format EPFOHO UAN
There is no intervention required from the employer’s end in case you have the KYC approved UAN. It is now not possible for an employer to hold back the EPF of any employee since the entire process is made Online.
