Unique account numbers being allotted by EPFO to employees
Updated: Jul 23, 2014 01:02:17pm
New Delhi, Jul 23 (KNN) In a move which will help the employees while switching jobs anywhere in India, the Employees’ Provident Fund Organisation (EPFO) has started giving out unique account numbers (UAN) to its subscribers.
Once a UAN is allotted to an employee, he or she need not go through his or her employer to provide details to EPFO.
“UAN is being allotted to each contributing employee by EPFO. Allotment of UAN has been a long pending demand both of employer and employee. It is expected that the allotment and deployment of the UAN will substantially lower the cost of compliance and shall also in its ultimate form, save the employer from verification of various claims made by employee to EPFO,” it said in a letter to the employers.
As of now, the identity of any employee is established only if the employer certifies the same, it said.
Aadhaar is amongst the four identity proof selected by the EPFO as know-your customer that will be seeded to each PF account number. The others include NPR number, Permanent Account number and bank account number.
“For KYC, a number of options have been provided. However, priority should be given to capturing AADHAAR/NPR Number and PAN. Saving Bank account detail of the member is also mandatory,” EPFO said. (KNN/SD)
Once a UAN is allotted to an employee, he or she need not go through his or her employer to provide details to EPFO.
“UAN is being allotted to each contributing employee by EPFO. Allotment of UAN has been a long pending demand both of employer and employee. It is expected that the allotment and deployment of the UAN will substantially lower the cost of compliance and shall also in its ultimate form, save the employer from verification of various claims made by employee to EPFO,” it said in a letter to the employers.
As of now, the identity of any employee is established only if the employer certifies the same, it said.
Aadhaar is amongst the four identity proof selected by the EPFO as know-your customer that will be seeded to each PF account number. The others include NPR number, Permanent Account number and bank account number.
“For KYC, a number of options have been provided. However, priority should be given to capturing AADHAAR/NPR Number and PAN. Saving Bank account detail of the member is also mandatory,” EPFO said. (KNN/SD)
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