You can now activate your universal account number (UAN) on phone through an app launched by the Employees' Provident Fund Organisation (EPFO). Once it gets activated, you will be able to access your account from the comfort of your mobile phone. Till date almost 5.4 crore UAN numbers have been issued, but out of these only 1.8 crore are activated.
The UAN is a 12-digit portable number allotted to each member that gives them control of their EPF account and minimises the role of the employer in matters related to a member's account. Experts say universal number is a big step towards shifting the EPF services to an online platform and making it more user friendly.
To avail the facility you first need to download an app from the EPFO website (www.epfindia.gov.in) on your mobile. After downloading, fill out details such as UAN, PF office, employee and employer code to activate the service. The EPFO has allotted employers the universal numbers of their employees. If you do not know your UAN, ask your employer. Once it gets activated you will be able to see balance, monthly credits as well as your details available with EPFO. Similarly, EPF pensioners have been given the facility to access their pension disbursement details through this mobile app. The employers can also view their remittance details through the app.
Earlier, transferring your EPF money from one employer account to another was a tedious process. But the UAN will do away with the need to transfer your funds. All you have to do is furnish your UAN and KYC details to the new employer. Once the new employer verifies these details, the money from the older account will get transferred to the new account. But for old accounts (opened before the allotment of UAN), you still need to apply for funds transfer either in digital or physical form.