The use of UAN (Universal Account Number) registration has made it easier for employees to manage their Provident Fund (PF) accounts. Once an employee registers for UAN, they can log in to the UAN Member Portal and access various services related to their PF account. The article talks about the various applications or uses of UAN registration. Here are some of the key uses of UAN registration:
Access to PF account details: Once an employee registers for UAN, they can log in to the UAN Member Portal and access their PF account details, such as their account balance, contribution history, and monthly PF statement. This helps employees keep track of their PF accounts and plan their finances accordingly.
Update KYC details: UAN registration also allows employees to update their KYC (Know Your Customer) details, such as Aadhaar, PAN, and bank account details. This helps in the smooth processing of PF withdrawals and ensures that the money is credited to the employee’s account without any delays.
Transfer of PF account: UAN registration also facilitates the transfer of PF account from one employer to another. If an employee changes their job, they can link their new PF account to the existing UAN and transfer their PF balance to the new account. This helps employees avoid the hassle of opening a new PF account every time they change jobs.
Easy withdrawal of PF balance: UAN registration makes it easier for employees to withdraw their PF balance. Employees can log in to the UAN Member Portal, fill in the necessary details, and submit the withdrawal request. The PF balance is then credited to the employee’s registered bank account within a few days.
Online grievance redressal: UAN registration also provides a platform for employees to raise grievances related to their PF accounts. Employees can log in to the UAN Member Portal and raise a grievance, which is then forwarded to the concerned EPFO office for resolution. This helps in the timely resolution of grievances and ensures that employees receive their PF balance without any delays.
In case an employee has already been assigned a UAN and has forgotten it, they can retrieve the same by visiting the EPFO website and clicking on the “Know Your UAN” option under the “For Employees” section. The employee will be required to enter their personal details, such as name, date of birth, and mobile number, and the EPFO will send the UAN to the registered mobile number.
The final thoughts
Overall, UAN registration has made it easier for employees to manage their PF account and access various services related to it. It has simplified the process of transferring PF accounts, updating KYC details, and withdrawing PF balances. Moreover, UAN registration has also enabled online grievance redressal, which ensures the timely resolution of grievances related to PF accounts. It is important for employees to register for UAN and keep their details up-to-date to ensure the smooth processing of PF transactions. So, now you can make out how things work, and keep doing the right way to reap the right result. Good luck.