"The Employees' Provident Fund Organization (EPFO) has decided to allot a UAN to all members of the fund. To start with, UAN will be provided to the members who are presently contributing to the fund," said an office order.
According to available information, 3.1 crore members contributed towards social security schemes run by EPFO in June this year. However total members of EPFO were 11.78 crore as on March 31, 2014.
"...Field offices have very less time to get the work completed...It is, therefore, necessary for you to work in a mission mode. A lot of passion is required at your end to accomplish this task," it added.
The UAN will be portable throughout the working career of members and can be used anywhere in India. Thus, the workers in organised sector would not need to apply for transfer of PF account claim on changing jobs.
According to the office order, the Labour Ministry has committed that the seeding of KYCs to the UAN number would be completed by 15th October, 2014.
EPFO has constituted a special team to oversee the progress of UAN project. The team will also visit regional offices to deal with problems faced by field staff in implementation of the UAN programme.
EPFO field offices are also asked to apprise employers about the their role in the entire project.
The head office told field staff to impress upon the employers that Aadhaar/NPR must be seeded wherever available as it would be useful.
As per the order, KYC (know-your-customer) selected for the purpose are Aadhaar/NPR, PAN and bank account number.
Though, the portal provides for seeding of other KYCs such as election card, ration card, passport, driving license etc, which are not mandatory in a way but seeding of the same would definitely give more security to the UAN of a particular member, it added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
