About Universal Account Number (UAN):
- UAN is a number allotted to all salaried employees, who contribute a part of their income towards the Employee Provident Fund (EPF).
- It is a 12-digit number that each member of the EPF is allotted against his/her name.
- It is generated and allotted by the Employees’ Provident Fund Organisation (EPFO) and authenticated by the Ministry of Labour and Employment, Government of India.
- This number is the same throughout an employee’s professional life.
- When an employee changes his job, his EPF account number and Member Identification Number (Member Id) change, but UAN remains the same.
- If a member has already been allotted a UAN, then s/he may provide the same to the new establishment/employer, which in turn will mark the new allotted Member Id to the UAN.
- The UAN will act as an umbrella for the multiple Member Ids allotted to an individual by different establishments.
- This will help the member to view details of all the Member Ids linked to it.
- It is useful for EPFO to track multiple job switches of the employee.
About Employee Provident Fund (EPF):
- EPF is the fund established under theEmployees' Provident Funds and Miscellaneous Act, 1952.
- It is administered by the Employees' Provident Fund Organization(EPFO).
- Every establishment with 20 or more employees is covered, and some organisations that employ fewer than 20 people are also covered, subject to certain constraints and exemptions.
- The employee and employer each contribute 12% of the employee's basic salary and dearness allowance towards the EPF.
- After the employee retires, they receive a lump sum that includes both their own and the employer's contributions, in addition to interest on both.
