Universal Account Number (UAN) concept was introduced. The UAN is a distinctive 12-digit identifier allocated to each EPF member. It is associated with all of the member’s EPF accounts, irrespective of the number of employers they may have worked for.
This simplifies the process for members to monitor their EPF contributions and account balances, as well as facilitates the transfer of their accounts between different employers. Listed below are some advantages of utilising the UAN for managing your EPF account: Effortless monitoring: You can conveniently keep tabs on your EPF contributions and account balances from all your previous employers within a single platform. Seamless transfer: When transitioning to a new job, you can effortlessly transfer your EPF account to your new employer, safeguarding your EPF contributions against loss or delay.
Digital accessibility: You can conveniently access your EPF account details via the EPFO member portal, allowing you to effortlessly review your balance, retrieve your passbook, and initiate claims. However, many people complain about not getting regular updates regarding credits to their EPF accounts. Some are also unaware of the interest credited to their EPF balance amount.
Due to insufficient information, others have raised questions regarding the security of their EPF investments. To put matters to rest, the government had advised the linking of mobile numbers with employees’ respective UANs. Connecting your mobile number with your UAN is crucial to enhance the security of your EPF account and to receive vital updates.
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