EPFO to provide UAN from October this year

EPFO to provide UAN from October this year

RETIREM ENT fund bodv EPFO will start providing permanent account numbers on the pattern of core banking services to its over five crore subscribers from October this year.

Permanent or Universal Account Number (UAN) will facilitate subscribers to avoid filing PF account transfer claims on changing jobs.

After getting UAN. a subscriber would not be issued new PF account number on joining new employer.

It isexpected to provide great relief to those workers in organised sector who frequently change jobs, particularly, in the construction sector.

The UAN would be one account number which would be allotted to a subscriber for various schemes run by the Employees' Provident Fund Organisation (EPFO) for his or her entire service period with different employers. "We have engaged C-DAC for preparing a roadmap for implementing the UAN programme for our subscribers. We will launch it on October 1 this year." EPFO's Central         Provident         Fund

Commissioner K K Jalan told PTI. The Centre for Development of Advanced Computing (C-DAC) is the premier research and development organisation under the Ministry of Communications and Information Technology for carrying out R&D in IT, Electronics and associated areas. The UAN will help reduce the workload of the EPFO to a great extent as it receives over 12 lakh claims for transfer of PF account on changing of jobs by its subscribers.