A Universal Account Number, or UAN, is a 12-digit number assigned to each EPFO member. This number is generated by the EPFO and is unique to each member. The UAN remains the same throughout the lifetime of the EPFO member and can be used to view PF account details, download passbooks, check balances, raise claims, and more.
The main purpose of a UAN is to help members keep track of their PF accounts even if they change jobs. Previously, members were required to obtain a new PF number every time they changed jobs. This often resulted in multiple PF accounts for a single individual, which made it difficult to keep track of one's PF balance. With a UAN in place, members can now easily transfer their PF balance from one account to another without having to go through the hassle of obtaining a new number.
The government has made it mandatory for all employers to provide their employees with a UAN. Employees can also find their UAN on their pay slips or Form 16 (annual income tax statement).
A universal account number, also known as a UAN, is a 12-digit number assigned to each employee of the Employees' Provident Fund Organization (EPFO). This number stays with the employee throughout their career. It allows them to access their EPF account from any employer they have previously worked with.
One of the main benefits of having a UAN is that it simplifies transferring your EPF balance when you switch jobs. In the past, employees would have to apply for a transfer of their EPF balance every time they changed jobs. With a UAN in place, this process is now automatic.
Another benefit of having a UAN is that it lets you view your EPF balance online. You can also use your UAN to make online claims for withdrawals and advances from your EPF account.
Overall, possessing a UAN provides numerous advantages and makes it easier for employees to keep track of their EPF balance and manage their accounts.
The Universal Account Number (UAN) facility is a unique 12-digit number allotted to each member of the Employees' Provident Fund Organisation (EPFO). This number can be used by members to view their EPF account details and transactions online, as well as transfer their EPF balance from one account to another.
Some of the key features of the UAN facility are:
The Employees' Provident Fund Organisation (EPFO) has made it mandatory for all its members to quote their Universal Account Number (UAN) while filing for any transaction. The UAN is a 12-digit unique number allotted by the EPFO to each of its members and stays with them throughout their employment.
Activating the UAN is simple and can be done online on the EPFO portal. All you need is your UAN, registered mobile number and email ID. Once you have these handy, follow the steps given below:
The following documents are required in order to obtain a Universal Account Number (UAN) in India:
There are many reasons to choose Vakilsearch as your provider of Universal Account Numbers (UANs) in India. We are a highly reputable and experienced company that has been in the business of providing UANs for over 10 years. We have a proven track record of providing high quality, reliable service to our clients.
We offer a wide range of UAN services, including online account opening, account management, and customer support. We also provide a variety of value-added services, such as financial planning and investment advice, to help our clients get the most out of their UANs.
Our team of experts is always available to answer any questions you may have about UANs or any other aspect of our business. We pride ourselves on providing excellent customer service and will do everything we can to make sure you are satisfied with our service.