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EPF BENEFITS

Employees’ Provident Fund –

  • All employees with wages upto Rs 15,000 required to join the Fund.
  • Accumulations payable on retirement, resignation, death.
  • Partial withdrawals permitted for financing life insurance policies; Acquiring house or site; Marriage of self or dependents; Education of children; Treatment of illness etc.

Employees’ Pension Scheme‑

  • Entitlement for pension after 10 years of service & on attaining the age of 50 years.
  • Minimum pension of Rs 1,000/-
  • Pension admissible to dependents; widow, children, dependent parent, nominee.

Employees’ Deposit Linked Insurance Scheme

  • Maximum admissible amount Rs 6 lac.

WHAT IS UAN

  • UAN stands for Universal Account Number.
  • UAN will act as an umbrella for the multiple Member Ids allotted to an individual by different establishments.
  • UAN enables linking of multiple [PF Accounts (Member Id) allotted to a single member
  • Members can view details of his/her all [PF Accounts.

WHY UAN?

  • Huge labour turnover rate due to increasing short-term contractual employments.
  • UAN facilitates linking of multiple [PF accounts of a member.
  • Aadhaar, Bank Account and PAN are the key KYC documents identified.
  • Digitally authenticated KYC would facilitate clubbing of all previous PF account numbers.
  • UAN is lifelong account number.
  • Aadhaar enabled UAN will eventually enable members to access [PF services directly.

EPF MEMBERS’ SERVICES

  • Correct updated information about his/her EPF Account
  • Electronic updates on credits/debits to EPF Account
  • Portability of EPF Member Account
  • Uniquely identifiable Member Account
  • Digitally certified member accounts to preempt frauds/ mis-credits
  • Claims settlement without employers’ intermediation.

UAN ALLOTMENT & ACTIVATION

  • [PF members in respect of whom at least one contribution is received in or after Jan-201 4 UAN is allotted by [PFO
  • [PF members not having UAN & no contribution received in or after Jan-201 4 can request [PFO to allot UAN.
  • Any citizen (whether [PF member or not) can request for UAN UAN is allotted by [PFO
  • UAN holder can register his/her mobile with [PFO for UAN activation
  • UAN holder has the option to change the mobile number linked with his/her UAN.

CORR[CT UPDAT[D INFORMATION ABOUT M[MB[RS’ [PF ACCOUNT

  • Post Activation member receives SMS about credits/debits to their [PF account.
  • Members can give a missed call to get details about their PF account.
  • Members can download [PF mobile app to track their [PF account.
  • Members may list all existing [PF accounts – [PFO would facilitate consolidation of all accounts.

 UAN ENABLED MEMBER SERVICES

  • In case of Aadhaar enabled UAN, members can submit their claims directly with [PFO.
  • Online applications for all [PFO services.
  • No need to go to the employers for claims attestation.
  • [specially useful for [PF members who change their jobs and/or locations frequently.
  • Members can themselves download UAN Card.

EPFO REQUESTS MEMBERS TO

  • Collect their UAN from the current employer
  • Activate the UAN; (Visit UAN Members e-sewa on http://uanmembers.epfoservices. in)
  • Provide requisite KYC details (Aadhaar, Bank Account details & PAN)
  • List all their previous EPF Account numbers with EPFO
  • For any assistance – contact UAN Help Desk (18001- 18005); www.epfindia.gov.in -> Our Services -> For Employees -> Services -> UAN Help Desk

 MEMBERS ALREADY HAVING A UAN

  • On joining any new establishment provide the same to new employer.
  • IF KYC not provided to previous employer, provide the same to new employer.
  • If KYC provided to previous employer give the same to new employer.
  • This will facilitate auto-transfer of previous EPF account.

Thank You

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