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Thursday, 22 June 2017

How UAN is useful for Employees and Employers

How UAN is useful for Employees and Employers:
UAN is Universal Account Number provided to every employee of EPF Scheme and Pension Scheme. The purpose of establishing UAN is to give various facilities and services to all employers and employees. With help of UAN, the Employees can check EPF Balance, Download EPF Passbook, Transfer PF Account and Withdraw money from PF Account. Employees who have PF Account, must know their Member ID and UAN Number.
UAN is a 12 digit unique number which is helpful to use various facilities on UAN Member Portal. EPFO does not provide UAN Number to employers, but employers get unique user name and password to access UAN Employer Portal and use the facilities available there. Here the employers can add new members, deposit PF contribution of active employees, update employees' KYC details etc.

How UAN is useful for Employees and Employers

Employees' Provident Fund Organization has launched UAN Member Portal in 2014. At present, more than 4 crore employees have obtained and activated their UAN. EPFO Organization introduced UAN Member Portal to make things easy for all employees across India. By allotment of UAN to  UAN is beneficial for both the employee as well as employer. Here we will discuss on How UAN is useful for Employees and Employers as follows:

How UAN is useful for Employees

Check EPF Balance
Employees can access UAN Member Portal 24x7 and know their EPF Account Balance. In order to access the UAN Member Portal, employees need to provide their Universal Account Number and Password. Employees are able to check Balance of all PF Accounts with one time login on UAN Member Portal.
Download EPF Passbook
Employees can download EPF Passbook (updated passbook) whenever they want it. This facility is completely free, so the employees are able to download their EPF Passbook everyday without paying any charge.
Download UAN Card
Employees must download and print UAN Card from UAN Member Portal. Because with help of UAN Card, the employee can see his/her, UAN Number, KYC details and all linked PF Accounts /Member IDs.
Online Form for PF Transfer, Withdrawal, Final Settlement and Pension Withdraw
EPFO has made all the facilities online now. Employees can submit Claim Form for PF Transfer, Withdrawal and Final Settlement through UAN Member Portal. Moreover, the Pension Withdraw facility is also provided with UAN Login.

How UAN is useful for Employers

Online Registration of Establishment (OLRE)

Employers can register their company on UAN Employer Portal. Employer /Establishment Registration is mandatory for employers to access UAN Portal and use the services as well.

Add New Member and Remove Old One

On UAN Employer Portal, the employers can add new member who joined their company recently. In order to add a member, employer must have employee's UAN Number, PF Account Number, Valid ID Proof and other documents. Employers can also remove the members who left job from their company.

Contribution towards EPF (Monthly)

Employers are required to deposit Contribution towards Provident Fund on monthly basis. In earlier time, this task was a little tough because everything was offline and paper based. But now things have changed. Employers can give PF Contribution online with UAN Employer Portal. As per EPFO instructions, every employer must deposit PF Contribution latest by 15th of every month.

Update KYC of Members /Employees

Employers can also update KYC details of Members i.e. Employees. Employer has the right to check KYC documents of each member and keep them up to date on UAN Employer Portal.

Approve PF Transfer, Withdrawal Claims

Employers should check Claims received from members for PF Transfer and PF Withdrawal on UAN Employer Portal. If the Claims are valid and documents are authentic, employer should approve the Claim online, so that the employee can get his claim settled soon.
Kindly log on to Official Website at www.epfindia.gov.in OR unifiedportal-emp.epfindia.gov.in/epfo OR unifiedportal-mem.epfindia.gov.in/memberinterface to know more about How UAN is useful for Employees and Employers.


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