EPFO has rolled out UAN program which is a 12-digit number allotted to employee who is contributing to EPF. The idea is to link multiple Member Account No allotted to a single member under single Universal Account Number.
The main objective behind this new function is to capture KYC details of its members in order to eliminate the dependency on the employer and improve the quality of service.
The features included
- portability of UAN,
- downloadable UAN card,
- updated e-passbook,
- Confirmation through SMS & e-rnail for receipt of monthly contributions, etc.
In May, new functionality was provided to exempted establishments to generate UAN for members who get more than Rs. 15,000 wages & joined after 01/09/2014.
UAN based search is also added into MIS portal.
From June, UAN has become mandatory for all members so that benefits could reach all members in timely manner