A Universal Account Number (UAN) will be generated for each of the PF contributing members by EPFO. The UAN will act as an umbrella for the multiple PF Account Numbers allotted to an individual by different establishments over a period of time. This will help the member to view details of all the PF accounts linked to it.
If a member is already allotted Universal Account Number (UAN) then it is mandatory for the employee to provide the same on joining new establishment to enable the employer to link the new PF account number to the already allotted UAN.
The main objective behind this new function is to capture KYC details of its members in order to eliminate the dependency on the employer and improve the quality of service. The KYC details will be tagged against the allotted UAN rather the member id thereby eliminating the redundancy. This will facilitate easy transfer of PF claims to employee’s registered bank account.