Portable PF A/c No to be launched on Oct 16

Posted By: Religare
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Portable PF A/c No to be launched on Oct 16
Retirement fund manager EPFO's ambitious project to provide portable universal PF account numbers (UAN) to its subscribers will be launched on October 16, said the PTI report.

Besides, the government will launch unified web portal LIN (Labour Identification Number) for simplifying business regulations and bringing in transparency and accountability in labour inspections by various agencies and bodies under the administrative control of Labour Ministry.

According to the media reports, Prime Minister Narendra Modi is likely to launch both LIN web portal and UAN on October 16 as per the Plan chalked out by the Labour Ministry.

Commenting on the development, a senior official said, "Labour Secretary had called a meeting for the launch of UAN and LIN yesterday. The ministry has planned to launch both LIN portal and UAN on October 16."

UAN will give the facility of collation of accounts, viewing of updated accounts as well as downloading the same and collation of pensionable service.

Further, the universal number will be portable throughout the working career of members and can be used anywhere in India. Thus, workers in organised sector would not need to apply for transfer of PF account claim on changing jobs.

Read more about: uan, portable pb
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