Universal Account Number: Activation Process And Its Uses

So, what other benefits, than easy access of PF, can be derived from the UAN?

Portability
This remains portable all through ones life and thus, the hassle of PF transfer every time one changes his company is no more in existence. Irrespective of job shifts and switches, the PF accountability is constant.

SMS alert
Checking PF statements once you complete your tenure in an organization made it tedious and complicated to understand. So, the EPFO facilitates sms alert for each UAN account. You will be notified for each debit or credit that happens in your PF account.

Withdrawals or Loans
The process of applying for loans from PFS or withdrawing from your PF saving is simpler now. On filling a form, subscribers will get the amount transferred in their bank account within an hour.                    

Fund Transfer
The most important benefit of the UAN is, now, the process of transferring PF from the old company to the new account is obsolete. It’s continual and in 24X7 access of the user.

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