Tuesday, March 25, 2014

EPFO to issue UAN(Universal Account Number) by October 2014

Employees Provident Fund  Organisation (EPFO) will start providing permanent or universal account numbers (UAN) by October this year all members spread across the country.
EPFO has engaged Centre
The C-DAC is the premier research and development organisation under the Ministry of Communications & Information Technology for carrying out R&D in IT, electronics and associated areas.
Once the UAN is allocated, a subscriber would not be issued new PF account number on joining new employer. This will sure provide great relief to those workers in organised sector who frequently change jobs, particularly, in the construction sector.The UAN would be one account number which would be allotted to a subscriber for various schemes run by the Employees’ Provident Fund Organisation (EPFO) for his or her entire service period with different employers.

for Development of Advanced Computing (C-DAC) to prepare a roadmap for implement this big project. The new numbers will help EPFO members the reduce the pain of filing provident fund account transfer claims on changing jobs.