Universal Account Number: Activation Process And Its Uses

Universal Account Number: Activation Process And Its Uses

By SiliconIndia   |   Tuesday, 30 June 2015, 10:02 Hrs
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BENGALURU: To make the process of getting their own money easy for provident fund (PF) subscribers, honorable Prime Minister Narendra Modi launched Universal Account Number (UAN) for them in 2014.

The 12-digit unique portable number called UAN aims in lessening the role of government or employer and allow an individual have complete access on his PF account. The UAN number is allotted and the account is supervised by the Employee Provident Fund Organization (EPFO).

By July 2014, the EPFO allotted more than four crore UANs in the country.

The UAN accounts allotted by EPFOs can be logged and activated by the employees only. UANs are issued on the basis of Know Your Customer (KYC) details like PAN number, bank details, address proof – voter id/Adhaar card, driving license, date of birth, father/husband’s name etc.

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