UAN
How to Activate Your UAN: A Step-by-Step Guide
The Universal Account Number (UAN) is a crucial identification number allotted by the Employee Provident Fund Organisation (EPFO) to all employees contributing to the Employees Provident Fund (EPF) scheme in India. Activating your UAN online is a simple process that enables you to access various EPFO services, like checking your PF balance, updating your KYC details, and transferring your PF account when changing jobs. In this article, we will guide you through the step-by-step process of how to activate your UAN and explain its importance for your financial well-being.
To activate your UAN, follow these steps:
After reaching the age of 58 years, you can withdraw the entire sum from your PF account. An active UAN allows for quick access and processing of retirement benefits.
If an employee has been jobless for two months, they can withdraw 75% of their PF balance using their active UAN account. If unemployment lasts longer than two months, the remaining 25% can be taken out as well.
Partial withdrawals are permitted for:
With an active Universal Account Number, you can enhance your chances of securing your desired loan for business with flexible repayment options and competitive interest rates. As an employee in any organization, EPFO activation is one of the many things a lender checks before releasing funds.
UAN activation is a simple yet crucial step in managing your PF account and ensuring a secure financial future. By following the step-by-step guide provided in this article, you can easily get your UAN activated and enjoy the benefits of seamless PF account management, simplified job changes, and online claim filing.
A: You can activate UAN by visiting the official website of EPFO.
A: You can check your activation status by logging into the EPFO member portal with your credentials. If you can access your PF account details and balance, your UAN is active.
A: Ensure that your UAN is linked to your PF account number and Aadhaar, your mobile number is registered with the EPFO, and your employer has submitted your KYC details. Contact your employer or the EPFO helpdesk for further assistance.
A: Yes, it can demonstrate your employment stability and regular income, which can improve your chances of securing a collateral-free business loan from online lenders.
A: There are various government initiatives that facilitate business loans for women, such as the Annapurna Yojana, Udyogini Scheme, Dena Shakti Scheme, and Stree Shakti Package.
A: Yes, it is mandatory for accessing various EPF-related services and managing your EPF account online.
A: No, a registered mobile number is necessary to receive the authorization pin during the online activation process. Update your mobile number with your employer if needed.
A: After completing the online activation process, your Universal Account Number usually gets activated immediately. However, in some cases, it may take up to 24 hours for the activation to reflect in the system. If you experience any delays beyond this period, it is advisable to contact the EPFO helpdesk for assistance.
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