EPFO To Provide Permanent Account Number From October This Year
NEW DELHI: Retirement fund body EPFO will start providing permanent account numbers on the pattern of core banking services to its over five crore subscribers from October.
Permanent or universal account number (UAN) will facilitate subscribers to avoid filing PF account transfer claims on changing jobs.
After getting UAN, a subscriber would not be issued new PF account number on joining new employer.
It is expected to 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.
"We have engaged C-DAC for preparing a roadmap for implementing the UAN programme for our subscribers. We will launch it on October 1 this year," EPFO's Central Provident Fund Commissioner K K Jalan told PTI.
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