Everything You Need to Know About Universal Account Number (UAN)
What is Universal Account Number (UAN)?
The Universal Account Number (UAN) is a unique identifier for members of the Employees' Provident Fund Organization (EPFO) in India. It is part of the largest social security scheme for the welfare of employees in both private and government sectors. The UAN acts as an investment instrument and a risk management option for employees working in establishments registered under the Provident Fund Act.
How Does UAN Work?
UAN is a unique identification number, where the full form is "Unique Account Number." This number is provided to employees when registered under the Provident Fund by their employers. It functions similarly to a bank account number, containing the complete record of monthly PF contributions. However, there are some crucial Dos and Don'ts employees should remember to simplify withdrawals and keep their UAN updated.
Dos for Managing Your Universal Account Number (UAN)
1. Activate Your UAN
Register and activate your UAN on the official EPFO portal to manage your PF account online.
2. Link Aadhaar and PAN
Ensure your Aadhaar and PAN are linked with your UAN for smooth KYC verification and hassle-free withdrawals.
3. Update Bank Details
Keep your bank account details updated to avoid transaction issues.
4. Check PF Balance Regularly
Use the EPFO portal, UMANG app, or SMS/WhatsApp services to check your PF balance and passbook.
5. Use a Single UAN
If you change jobs, always provide your existing UAN to the new employer instead of generating a new one.
6. Ensure KYC is Verified
Your Aadhaar, PAN, and bank details should be verified on the EPFO portal for a smooth transfer and withdrawal process.
7. Nominee Registration
Register a nominee to ensure that the PF amount is accessible to your family in case of unforeseen events.
8. Transfer PF Online
When changing jobs, initiate PF transfer online using the "One Member – One EPF Account" facility.
9. Use Official Platforms
Always use the official EPFO website or UMANG app for any PF-related services.
10. Keep Mobile Number Updated
Ensure your registered mobile number is active to receive OTPs and updates from EPFO.
Don’ts for UAN Management
1. Do Not Share UAN & Password
Never share your UAN, password, or OTP with anyone to avoid fraud.
2. Avoid Multiple UANs
If you have multiple UANs, request a UAN merger through EPFO to prevent complications in fund transfers.
3. Do Not Use Third-Party Websites
Only use official EPFO platforms to check PF details or apply for withdrawals.
4. Avoid Delays in KYC Update
Incomplete or incorrect KYC details can lead to withdrawal issues. Always update them in a timely manner.
5. Do Not Withdraw PF Unnecessarily
Withdrawing your PF before 5 years can result in tax deductions and loss of retirement benefits.
6. Do Not Mismatch Details
Ensure your name, date of birth, and other details in UAN match your Aadhaar/PAN to avoid issues during claims.
7. Do Not Ignore Employer’s Role
Your employer must approve KYC, PF transfers, and claim requests—always follow up if there are delays.
8. Don’t Fall for Fraud Calls
EPFO never asks for personal details over the phone. Be cautious of fraudsters claiming to assist with UAN services.
9. Do Not Forget to Claim Pension Fund
If you have completed 10+ years of service, ensure you claim your Employee Pension Scheme (EPS) benefits.
10. Avoid Fake UAN Corrections
Use the EPFO portal or employer assistance for genuine corrections, not unauthorized agents.
11. Don’t Change Aadhaar Details Unnecessarily
Only change your Aadhaar details if absolutely necessary, as it could cause problems in updating the UAN through the EPFO.
Conclusion
Managing your Universal Account Number (UAN) correctly is essential for smooth Provident Fund operations. By following the dos and avoiding the don'ts, you can ensure hassle-free access to your PF account, easy withdrawals, and secure transfers. Always make sure your details are up-to-date and verify your KYC to avoid any future complications.
