One Employee-One EPF Account drive launched

New Delhi, May 2 (KNN) Encouraging the EPF members to access enhanced IT enabled services through UAN accounts that are linked with Aadhaar, Government has launched a special Mission consolidation drive “One Employee-One EPF Account”.  

Bandaru Dattatreya, the Union Minister for Labour & Employment (Independent Charge) launched a special Mission consolidation drive “One Employee-One EPF Account” for members of the EPFO.

Dattatreya informed that this drive would result in EPF members having just one EPF account and multiple conveniences. The Universal Account Number that is Aadhar seeded will consolidate multiple past service accounts, across various spells of employment during working life of an EPF member.

Shankar Aggarwal, Secretary (Labour & Employment) elaborated that the EPF member would be requested to provide all his earlier EPF accounts along with his UAN linked account, Member ID and registered Mobile Number.

And EPFO would facilitate the transfer of all these accounts into his present account. Instructions have been issued to establishments that in case any new employee joins an establishment, they may furnish, UAN, if any, allotted to the member earlier, or declare that s/he is becoming a PF member for the first time.

Dr. V.P. Joy, Central Provident Fund Commissioner added that the success of this drive would reduce not only the burden of members but would also result in ease of work for EPF employees. Similar to other IT initiatives taken by EPFO that have brought transparency and efficiency in the working of EPFO, the success of this drive would further strengthen the bond between EPFO and EPF members. By the end of April 2016, UAN has been issued to some 67716584 members. (With PIB Inputs)