UAN Simplified by PensionBox

The Universal Account Number (UAN) is a unique identifier assigned to the employees who contribute to India's Employees' Provident Fund (EPF). The UAN has been introduced by the Employees' Provident Fund Organization (EPFO). Its objective is to streamline the management of provident fund accounts and simplify the tracking and handling of employees' retirement savings. In this article, we shall delve into the details of UAN. We shall also explore how you can activate UAN, how to link UAN with Aadhar, and the benefits of UAN. You can just read till the end to get full insights on the subject matter.

What is the meaning of UAN?

The Universal Account Number (UAN) is a 12-digit figure assigned to every employee who contributes to the EPF. The UAN number is consistent with each employee throughout their career, even if they change careers. Whenever an employee switches jobs, the new employer links the new EPF account to the same UAN. Due to this, a flawless operation of the management of PF accounts can be ensured, and the work will proceed smoothly and efficiently.

How Do You Get Your UAN?

To obtain the UAN, employers can approach their employers. The EPFO allocates UANs to employers. They then provide the UANs to their employees. The other option to obtain a UAN is that employees can check their UAN on their salary slip. If an employee does not receive their UAN from the employer, they can also retrieve it through the EPFO’s UAN portal using their PF member ID.

Activation of UAN

Given below are the steps for activating UAN:

• 1. On any web browser, visit the UAN Member e-Sewa Portal: Access the UAN member portal at the official EPFO website.
• 2. Tap on Activate UAN: Tapping on Activate UAN will lead to a form where you are required to feed details like UAN, member ID, Aadhaar, PAN, name, date of birth, mobile number, and email.
• 3. After submitting the details, you'll receive an OTP on the registered mobile number.
• 4. Enter the OTP to complete the activation process. Once activated, you can set a password for your UAN account.

How to link UAN with Aadhaar

When linking UAN with Aadhaar, you can flawlessly manage your PF account. Step-by-step guide to link them:

• 1. Open any web browser. Visit the official website for UAN.
• 2. Upon reaching the website, login to the UAN portal. Use your UAN and password to log in to the member portal.
• 3. Then, browse to the ‘KYC’ section. Under the ‘Manage’ option, select ‘KYC’ from the dropdown.
• 4. After that, add your Aadhaar details. Enter your Aadhaar number and name as per Aadhaar, then save.
• 5. The next step is verification. The details will be verified by the UIDAI. Upon successful verification, your Aadhaar will be linked with your UAN.

Advantages of UAN

The UAN offers many advantages. These advantages are available to both employers and employees. Let's take a look at some of the benefits of UAN.

• 1. Portability: Employees can avail themselves of the advantages of portability of PF accounts across different jobs. This means that whenever an employee switches jobs, he or she can easily transfer their PF balance from the last employer to the new one without any problems.

• 2. Transparency in procedure: There is transparency in the procedures of UAN. Employees can monitor and keep an eye on their PF accounts online. This would ensure transparency in contributions and withdrawals.

• 3. Centralized Management: UAN centralizes the management of multiple PF accounts under one roof. This helps in decreasing the administrative burden.

• 4. SMS Alerts: Employees can stay alert of the contributions made by them through the SMS alerts.

• 5. Easy Withdrawals and Transfers: The process of PF withdrawals and transfers is simple and user-friendly, as it can be done online. This makes it quicker and more efficient.

How to check UAN status and PF balance

The UAN status and PF balance are calculated using the following steps:

• 1. Using the UAN Portal: On any web browser, open the official UAN portal. Log in to the UAN member portal and browse to the ‘View’ section in order to check your PF balance.

• 2. Using the UMANG App: The UMANG (Unified Mobile Application for New-age Governance) app permits employees to access their EPF account details on their cell phones.

• 3. Through PensionBox's instant support assistance: PensionBox has made navigating through the UAN fuss quite simple with it's simplified support assistance. Facing issues with the UAN number? Connect with our Support Team now, and get it sorted in not time.

As an active, earning individual in the country, one must be aware of different financial terms and why they are important. At PensionBox you can gain knowledge of your finances so that you can make informed decisions for the future.