A detailed guide on the UAN activation process to access EPF records.
In India, many companies offer employees a benefit known as the Employer Provident Fund or EPF. EPF is a monthly deduction comprising one part contribution from your employer and another part from your monthly income. The EPF contribution amount is put away in an account you can access when you leave the firm. You can also provide your EPF account details to your new employer when you transfer companies. To access your EPF, you need a Universal Account Number or UAN. This article explains the UAN registration and activation process. Read on.
The Universal Account Number is a 12-digit code that you need to access your EPF records. It enables you to ensure that your monthly EPF contribution is credited into your account. Activating your UAN number online saves you the trouble of visiting your local EPFO office for various PF-specific tasks.
Before you begin the UAN activation process, you must obtain the UAN number and the PF member ID number from your employer. Once you have these details handy, you can commence the UAN activation online on the UAN Member portal. Below are the steps.
With this, you will have successfully completed the UAN registration and activation process.
Note that after the UAN registration process is completed, you will receive a password on your RMN. You need to key in the password every time you wish to access your UAN account. You may also change this password on the UAN member portal.
The UAN number activation proves helpful in many ways as under:
With UAN registration, you can conveniently access your PF account. You can withdraw funds on leaving an organisation. You may also provide your UAN number to your new employer to deposit your PF contributions in the existing account. With PF, you can begin saving for your retirement years.
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*Disclaimer: This article is for information purposes only. We recommend you get in touch with your income tax advisor or CA for expert advice.