Significance of UAN to an EPF Account Holder

Last Updated: Mon, Jan 21, 2019 13:34 hrs
EPFO Logo (Image Courtesy: epfindia)

Do you know that your EPF is managed by the Employees' Provident Fund Organization (EPFO) a body under the Employees' Provident Fund and Misc. Provisions Act, 1952. The EPFO which used to be riddled with many complexities has worked towards simplification of its rules and procedures. EPFO introduced UAN (Universal Account Number) which is a 12 digit unique Id number assigned to every EPFO member. UAN works on the principle of one account - one subscriber and therefore acts as an umbrella ID for all the EPF member IDs assigned to you by different employers. Most importantly, you can access your EPF account using your UAN online. However, you first need to activate your UAN.

Once you have activated your UAN, you can access a host of EPF related services through the UAN Login Portal. You can log in to the portal using your UAN and password. The portal provides a bouquet of services like updating KYC, raising EPF claims online, UAN card, passbook details, transfer of funds (from one EPF to other), credit alert facility to your EPF account via SMS etc.

KYC Updation

The EPF member portal provides you with the choice to link details like your bank account number, aadhaar card, pan card to your EPF account for fulfilling the required KYC norms. Apart from these, you can also add details of other documents like your passport, driving license, election card or ration card number. However, the KYC details get updated only after being verified by the respective department, till then your EPF account will come under the 'KYC Pending for Approval' category.

So, if you have entered your PAN card details, they will first need to be verified by the Income Tax Department. Your EPF accounts will be reflected in the 'Digitally Approved KYC' category only after verification.

Therefore, it becomes important to update your KYC details, once you get logged in to the UAN portal.

Transfer Request

Across his career, an employee normally goes through multiple organizational switches and consequently, may have multiple EPF accounts. Through the UAN member e-Sewa portal, you can easily transfer your EPF balance online from one account to the other.

Raise Claims

You can also raise requests for claims like for partial withdrawal of EPF funds or full and final settlement of EPF/EPS account by filling up EPF forms (Form 31, 19 & 10C) as applicable.

Apart from that, you can also online track the current status of an earlier request at the UAN member portal.

E-Nomination

An EPF account holder has the option to nominate a person or a group of persons to receive his EPF balance in case of the account holder's death. Earlier, the nomination facility was available only in offline mode by filling up Form 2 and submitting it at the EPFO office physically. However, now you can make your nomination online at the UAN member portal.

In case you nominate more than one person, the EPF fund is distributed either in equal proportion or as decided by you.

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