Retirement fund body EPFO has opened a new facility for its over 4.5 crore members that will allow consolidation or merger of their multiple PF accounts with the current universal portable account number (UAN).
Under this facility, subscribers of the Employees' Provident Fund Organisation (EPFO) can merge as many as 10 previous accounts with their UAN at one go.
Currently, the EPFO subscribers are required to file separate transfer claims online using UAN on the EPFO's UAN portal. But to avail of the facility, they are required to activate their UAN that is seeded with bank accounts and other details such as Aadhaar and PAN. Increasing EPF Contribution: Things To Know
Those subscribers without UAN activation can also do so online through the transfer claim portal facility of the EPFO. A senior official said the EPFO has made it easy with this facility with an objective of having "one employee, one EPF account." The EPFO, according to the official, has already issued the direction to its over 120 offices earlier this week to use this service and ensure multiple accounts are consolidated as early as possible.
The subscribers will have to provide their current activated UAN, member ID (identification) and mobile number registered at the UAN portal. How To Withdraw EPF And EPS Online?
How to get it done?
After validating credentials of the members, the EPFO would allow them to register their previous EPF account numbers for consolidation with the current UAN. The facility can be accessed on the EPFO website at the 'Employees' Corner.' How To Withdraw EPF Using UMANG App?