Thursday , 27 April 2017
Home » News » UAN may be made mandatory for PF subscribers

UAN may be made mandatory for PF subscribers

4,371 views

pf-uan
EPFO is currently considering to make Universal Account Number (UAN) – portable PF mandatory for all members.

The UAN facility was launched by Prime Minister Narendra Modi in October last year and provide many benefits.

The main benefit is that the the UAN remains portable throughout the lifetime of an employee and they don’t have to apply for PF transfer claims at changing jobs.

It is even more beneficial for workers in the construction sector, who often change their contractor after short span of time and take up new jobs after finishing one contract.

EPFO has directed its officers to proatively approach all establishments, particularly those with more than 50 UAN members for activation of UAN.

The EPFO had issued over four crore UANs to employers across the country in July last year. These UANs were then provided to workers and the process of seeding these accounts with KYC details like PAN, Bank Account and Aadhaar started.

At present, as many as 48.63 lakh workers have activated their portable PF account numbesr. All subscribers has to activate their UAN themselves by logging into the account.

Read my post below – How to activate or check the PF UAN

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

http://wealth18.com/

About wealth18

The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc. Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.

5 comments

  1. my PF account name is abhishak sorker, that is wrong. actual name sepaling is ABHISHEK SARKAR. how can change my name spealing???
    help me….

  2. i want to know my pf balance OCT 2013 to MAR 2014. how get pf amount

Leave a Reply

Your email address will not be published. Required fields are marked *

*

6000 + Subscribers – Subscribe to our New Posts

Copy Protected by Chetan's WP-Copyprotect.