Universal Account Number or commonly known as UAN is a unique identification number allotted to salaried employees of our country. UAN lets an employee contribute a portion of their salaried income towards EPF (Employee Provident Fund). It is specially allotted by the EPFO (Employer’s Provident Fund Organization) for easy identification and hassle-free access of the PF (Provident Fund) account for each employee.
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Let us dig in for more information about Universal Account Numbers like features, benefits, registration process, and more.
Issued by the Government of India and regulated by the Ministry of Employment and Labor, (UAN) Universal Account Number is basically a unique 12-digit number assigned to every salaried employee making contributions in EPF (Employee Provident Fund) by the EPFO.
The UAN once allotted, can never be changed for an employee throughout their professional life irrespective of ‘n’ numbers of jobs switched by an employee. Suppose, if you switch 5 jobs in 7 years of your professional career to date, then with every switch made, you will be given a different member identification number, which will eventually be linked to your primarily generated UAN. So, with every switch, your new member ID keeps on linking to your existing UAN keeping it unchanged always.
These days, due to the advancement of technology and the growth of digitalization, access to everything has become much easier and peaceful. Earlier, keeping a track of one’s Provident Fund contribution was a daunting task, but now due to the online portal, it is easy to access, check balance, withdraw, or transfer from the PF account.
An employee can get the UAN number from the following 2 sources:
In general, the UAN number is assigned to the employee by their employer under the guidelines of Employer’s Provident Fund Organization). Sometimes, the UAN is printed on the salary slip of the employee as well.
Generally, the employee receives the UAN number from their employer. But, in case, the employer does not provide the employee with the Universal Account Number, then they can themselves visit the UAN Portal and obtain their respective UAN number.
To obtain the Universal Account Number, the employee needs to follow the below-mentioned steps:
Visit the UAN website https://unifiedportal-mem.epfindia.gov.in/memberinterface/
Click on the “Know your UAN” tab
Now, fill in your mobile number and the captcha mentioned on the page
Click on the “Request OTP” tab
You will be redirected to another page wherein you have to fill in your basic details like
Name
Date of Birth
Aadhaar card number or PAN Card or Member ID (whatever submitted to the employer)
The captcha mentioned on the page
Click on the “Show my UAN” tab
Finally, your UAN number will appear on the screen
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If an employee wants to access their EPF online, then having a UAN is not enough. To activate UAN online, one has to have UAN and PF member ID.
Here are the following steps how one can activate their UAN on the EPFO portal:
Visit the EPFO website https://epfindia.gov.in/site_en/
Click on the “For employees” tab under the “Services” header on the left
Scroll down and click on the “Member UAN/ Online Service (OCS/ OTCP)” tab
You will be redirected to the UAN portal https://unifiedportal-mem.epfindia.gov.in/memberinterface/
Click on the “Activate UAN” tab in the bottom right
Fill in all the required details like
UAN
Aadhaar card number
Name
Date of Birth
Mobile number
Captcha mentioned
Click on the “terms & conditions” check box
Click on the “Get Authorization Pin” tab
An OTP will be sent on the registered mobile number
Under the disclaimer box, enter the OTP received on the mobile
Click on “Validate OTP” and activate “UAN”
After the UAN activation, a password will be received on the mobile to access the UAN Account
Some of the main highlights of the Universal Account Number are:
UAN is created once in a lifetime
It helps store all the employee’s data in one place
UAN helps the Employee Provident Fund Organization in,
Getting bank account details of the employee
KYC of the employee without asking the employer
Tracking down the number of switches made by the employee
UAN has reduced untimely withdrawals of EPF considerably
With the UAN, it is easy to make online withdrawals from the PF account
Balance can be transferred or carry-forward easily
Tracking down of past withdrawals, deposits, current balance, etc. has become much easier with UAN
Creates transparency between the employee and the employer leading to minimum chances of forgery
Employees can keep a check whether their PF amount is being regularly deposited by the employer or not
The following documents are needed at the time of opening your Universal Account Number (UAN):
Bank details like,
Bank name
IFSC Code
Account number
Branch name
Identification proof like,
Passport size photographs
Aadhaar card
Driver’s license
Passport, etc
Address proof like,
Electricity bill
Voter ID
Ration card, etc
Adadhaar Card is mandatory
Pan Card is mandatory to link UAN
ESIC Card
Universal Account Number is very useful for everyone, be it an employee, an employer, or the government of India. It helps in tracking down the history of the employee making it easy to understand their past professional life. UAN number is mandatory for every salaried employee and is also a great way of savings for any unforeseen situation in life.
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*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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