Every time you change jobs, the EPFO, on intimation, will allow you a new member identification number (ID), which will link to your existing UAN. The UAN, once generated, stays constant throughout the company’s years in business and all along your employment years, irrespective of the number of jobs you change. Two separate UAN are assigned to you and your employer by the EPFO. This unique EPFO UAN is provided by the Indian government, operating under the Ministry of Employment and Labor. UAN, short for Universal Account Number, is a 12-digit identifier assigned to every member of the Employee Provident Fund (EPF) in their respective names. In a way, this unique identification method secures your deposits with a virtual lock and key and simplifies the process of accessing and checking on your EPF. In addition, it helps you port various PF accounts started for you by multiple employers under one number and is accessible only to you. Like these account numbers, the UAN number also uniquely identifies your EPF (Employee Provident Fund) deposits and keeps them safe. The most common variety of account numbers are your bank account number and your consumer account number, which allows you to pay your utility bills. Any account number is a unique identification number that helps you keep your information, money, and assets safe.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |