Status of uan activation

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Status of uan activation

• BY iepfbalance.in

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UAN number is introduced by EPFO to provide a
lifetime valid identity number to each member. It
remains same in spite of changing companies or
jobs. A lots of online facilities are linked to
the activation of UAN at the EPFO official
website.
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If you are an EPFO member, but still ignoring
your UAN, do go through the benefits of UAN. If
you do not know your UAN, do obtain it from your
employer and activate it online. You can click
the option of Activate UAN Based Registration
at the EPFO member portal. Complete the whole
procedure and activate your universal account
number.
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Employees can UAN Login using their UAN number
and password whenever they need. This post will
make you aware of significance of the universal
account number. Benefits of UAN The universal
account number has various benefits for
employees. Especially it simplifies the PF
withdrawal procedure for employees.
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• If you have UAN you dont need to transfer your
  PF account from one company to another whenever
  you change the job. Transferring PF account is a
  tedious procedure and due to UAN, employees can
  get rid of it.

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The account can now be transferred just by
submitting your universal account number to your
new company. As soon as your new company verifies
your details using your Status of uan, the funds
will get transferred to the new account.
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• Now the employees are not dependent on their
  employer for the PF withdrawal. UAN activation
  status has drastically reduced or almost
  eliminated the role of employer in withdrawal
  process.
• If your UAN is activated and linked with
  aadhar and bank account, you can withdraw your PF
  money without your employers signature.

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If you have activated your UAN, you can receive
SMS alerts every month. You will know your PF
balance every month through SMS. Every time your
PF account is debited and credited, you will
know it. You can also download EPF passbook
online to check all your transactions in your PF
account. Such facilities are available only if
the employee has UAN.
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Since now it is easy to transfer PF money from
one account to another, employees will prefer
transferring to withdrawing This will ultimately
benefit in long term by enhancing the amount of
employees pension scheme.
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THANK YOU

• BY iepfbalance.in