Confused by changing PF account numbers with every job change? Worry no more! Introducing the Universal Account Number (UAN), your one-stop solution for hassle-free Employee Provident Fund (EPF) management.
What is UAN?
UAN is a unique 12-digit number assigned to every EPF member in India. Unlike traditional PF account numbers, which change with each employer, UAN remains constant throughout your career. Think of it as your permanent EPF identity card!
Why is UAN a game-changer?
Before UAN, switching jobs meant transferring your EPF balance manually, a tedious and time-consuming process. Now, simply share your UAN with your new employer, and voila! Your new PF account gets seamlessly linked to your UAN, consolidating all your contributions under one umbrella.
Benefits of UAN:
- Simplified PF transfers: No more manual paperwork or delays. UAN streamlines transfers, ensuring your retirement corpus stays secure and grows uninterrupted.
- Easy tracking of contributions:Â Access and track your EPF contributions from all your employers in one place through the UAN Member e-SEWA portal.
- Faster withdrawals:Â Claiming EPF benefits becomes easier with UAN-linked accounts.
- Enhanced retirement planning: Gain clearer visibility into your overall retirement corpus, allowing for better financial planning.
Activate your UAN today!
Not activated your UAN yet? Head to the Employees’ Provident Fund Organisation (EPFO) website or mobile app and get started. It’s quick, free, and empowers you to take control of your EPF.
source: www.epfindia.gov.in
Shan is an expert on on Employees Provident Fund, Personal Finance, Law and Travel. He has over 8+ years of experience in writing about Personal Finance and anything that resonates with ordinary citizens. His posts are backed by extensive research on the topics backed by solid proofs