Universal Account Number in India

Universal Account Number

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).

EPF Management Through UAN

The Employees' Provident Fund (EPF) is a crucial social security scheme in India, ensuring financial stability for employees after retirement. Managing your EPF contributions and accessing benefits has become incredibly convenient with the introduction of the Universal Account Number (UAN).

Benefits of Possessing a Universal Account Number

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.

Importance of Universal Account Number

• Portability: No more worrying about losing track of your EPF when you switch jobs. UAN ensures your contributions seamlessly follow you, eliminating the need for manual transfers and paperwork.
• Transparency and Access: With UAN, you have instant online access to your EPF registartion account details, including balance, contributions, and investment history. This empowers you to make informed decisions about your retirement savings.
• Reduced Errors and Frauds: UAN minimizes the risk of errors and discrepancies in your EPF account due to manual data entry. It also helps prevent fraudulent activities.

Features of the UAN Facility

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:

• Online viewing of EPF account details: Members can log in to the UAN portal using their UAN and password, and view their EPF account balance, contribution history, and claim status.
• Online transfer of EPF balance: Members can transfer their EPF balance from one account to another online, without having to submit any physical documents.
• Single window for all PF services: The UAN portal provides a single window for all EPFO services, making it easier for members to avail of various services such as applying for loans and withdrawing funds.
• Mobile app for easy access: The UAN Member e-SEWA mobile app allows members to view their UAN dashboard, update KYC details, check transaction history, and more on the go.

Activating the UAN

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:

• Visit the official website
• On this page, click on the 'Activate UAN' option.
• Enter your UAN, registered mobile number and email ID in the respective fields and click on 'Submit'.
• An activation link will be sent to your registered email ID. Click on this link to activate your UAN.
• Once your UAN is activated, you can login to the EPFO portal using your UAN and password to view your account details and transact online.

Downloading your UAN Card

1. Log in to the Unified Member Portal: Go to https://unifiedportal-mem.epfindia.gov.in/
2. Enter your UAN and password.
3. Access your Member Passbook: Click on 'Member Passbook.'
4. Download your E-UAN Card: Click 'Download' under the E-UAN Card section.
5. Save the PDF file: Choose a location on your computer to save the downloaded E-UAN Card.

Services Offered by the UAN Portal

The UAN Portal provides a variety of services for EPF members, including:

• Viewing your Member Passbook shows your EPF contributions, interest earned, and account balance.
• Updating your Profile: You can update your details, contact information, and bank account details.
• Claiming your EPF: You can submit claims for EPF withdrawal at retirement, for housing, or other purposes.
• Transferring your EPF: When you change jobs, you can transfer your EPF balance.
• Transferring your EPF: When you change jobs, you can transfer your EPF balance.
• Downloading various documents: You can download your UAN Card, E-nomination, and other important documents.

Documents Required

The following documents are required in order to obtain a Universal Account Number (UAN) in India:

• A copy of the applicant's PAN Card.
• An attested copy of the applicant's bank account statement or passbook.
• A self-attested photograph of the applicant.
• An attested copy of the applicant's address proof (such as ration card, electricity bill, water bill, etc.).

How to Withdraw or Transfer with the UAN Number?

Withdrawing or transferring your EPF using your UAN is a straightforward process, but the specifics can vary depending on your situation. Here's a breakdown of the steps, with additional information to consider:

1. Access the UAN Member Portal

• Visit and log in using your UAN and password.
• If you haven't activated your UAN yet, follow the instructions on the portal to do so.

2. Choose your Service

• Once logged in, you'll see options for various services. Select either 'Claim' for withdrawal or 'Transfer' for transferring your EPF balance to your new employer's account.

3. Fill in the Details

• Depending on your chosen service, you'll need to provide specific information. For withdrawals:
  
• Choose the reason for withdrawal (retirement, housing, etc.).
• Specify the amount you want to withdraw.
• Provide bank account details for receiving the funds.
• For transfers:
  
• Enter your previous employer's details (establishment name, PF account number).
• Provide your new employer's details (establishment name, PF account number).

4. Review and Submit

• Carefully review all the details you've entered before submitting your request.
• Once confirmed, click the 'Submit' button.

Why Vakilsearch?

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.