Universal Account Number:
The Employee Provident Fund Organisation (EPFO) has extended the deadline for activating Universal Account Numbers (UAN) and linking Aadhaar with bank accounts
- Universal Account Number (UAN) is a number allotted to all salaried employees, who contribute a part of their income towards the Employee Provident Fund (EPF).
- It is a 12-digit number that each member of the EPF is allotted against his/her name.
- It is generated and allotted by the Employees’ Provident Fund Organisation (EPFO) and authenticated by the Ministry of Labour and Employment, Government of India.
- This number is the same throughout an employee’s professional life.
- When an employee changes his job, his EPF account number and Member Identification Number (Member Id) change, but UAN remains the same.
- If a member has already been allotted a UAN, then s/he may provide the same to the new establishment/employer, which in turn will mark the new allotted Member Id to the UAN.
- The UAN will act as an umbrella for the multiple Member Ids allotted to an individual by different establishments.
- This will help the member to view details of all the Member Ids linked to it.
- It is useful for EPFO to track multiple job switches of the employee.
- Employee Provident Fund (EPF) is the fund established under the Employees’ Provident Funds and Miscellaneous Act, 1952.
- It is administered by the Employees’ Provident Fund Organization(EPFO)
