As the name itself describes, the Universal Account Number works universally. A UAN is an account number issued by EPFO to all the PF account holders. By linking your PF account with the UAN number, you can gather all the PF accounts under one single account. To get the benefits of UAN number, you should know how to activate UAN number in EPF account.
Every salaried personnel get a part of their monthly salary deducted in the form of PF. This deduction acts as the savings for the future which one can use it for his monthly expenses after retirement. Since, an individual switches from one company to other, it becomes hectic to keep note of all the PF account numbers. Therefore, a UAN number is given to an individual by the government.
The Employee Provident Fund Organisation (EPFO) do the job of assigning the UAN number. One can ask for UAN number from his employer. Also, one can get it directly from the UAN app. By entering your details like PF account number, contact number and other personal information, you will get the UAN on your mobile number.
To get the benefits of UAN, one must know how to activate UAN number in EPF. From the EPFO website, you can get your UAN activated. For activation, one must be aware of his PF account number and UAN number.
Easy withdrawal of PF funds, quick transfer of balance, online balance check, etc. are few of the benefits of UAN number.
Additional read: https://www.articlesdunia.com/finance/10-top-benefits-of-pf-uan-number-for-indian-employees
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.