EPF India One Employee One PF Account

Organization : Employees’ Provident Fund Organisation, India
Service Name : One Employee One PF Account
Applicable States/UTs: All India

Website : http://www.epfindia.com/site_en/For_Employees.php?id=sm2_index

One Employee One EPF Account

Facility to Consolidate Multiple PF Accounts of an Employee. This facility can be availed only after 03 days of UAN activation.

Related : EPFO Know Your EPF Balance : www.statusin.in/2669.html

Steps:
** Enter the Registered Mobile Number.
** Enter 12 digit UAN.
** Enter the Current Member ID (UAN Linked) and
** Submit the “Generate OTP” button.

Features of EPF Account

** A member has to provide his current activated UAN along with the current member ID & Mobile number registered at UAN Member portal.
** On validating these credentials, EPFO will facilitate the member to register his/her as many as 10 earlier EPF accounts.

** The earlier PF member IDs provided by members will be forwarded to EPFO field office to which earlier member ID pertains.
** The information provided to field offices will also include current member ID & Mobile number of the member, so that the members can be contacted and facilitated to consolidate his previous EPF Accounts to the Current EPF Account.

One Employee One Account

To educate workers and strengthen the cause of social security, EPFO today launches a special drive to encourage EPF members to consolidate their multiple accounts. The members whose accounts are scattered face many inconveniences such as approaching multiple employers located at multiple locations for settlement of claims.

They also face the inconvenience of keeping record of multiple scheme certificates issued in the process. To know about the updated EPF balances, they need to approach multiple offices. With consolidation, a member can have complete control of his EPF account apart from accessing variety of IT enabled services such as email/sms alerts, access to e-pass book etc.

UAN Service

A Universal Account Number (UAN) will be generated for each of the PF contributing members during the period 01/01/2014 to 30/06/2014 by EPFO. The UAN will act as an umbrella for the multiple Member Ids allotted to an individual by different establishments.

The idea is to link multiple Member Identification Numbers (Member Id) allotted to a single member under single Universal Account Number. This will help the member to view details of all the Member Identification Numbers (Member Id) linked to it.

If a member is already allotted Universal Account Number (UAN) then he / she is required to provide the same on joining new establishment to enable the employer to in-turn mark the new allotted Member Identification Number (Member Id) to the already allotted Universal Identification Number (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.

Contact:
For any query call at Toll Free Number 18001-18005 or Register at UAN Helpdesk

EPFO :
EPFO is one of the World’s largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken. At present it maintains more than 15 crore accounts pertaining to its members.

The Employees’ Provident Fund came into existence with the promulgation of the Employees’ Provident Funds Ordinance on the 15th November, 1951. It was replaced by the Employees’ Provident Funds Act, 1952.

The Employees’ Provident Funds Bill was introduced in the Parliament as Bill Number 15 of the year 1952 as a Bill to provide for the institution of provident funds for employees in factories and other establishments.

FAQ On EPF Account

Here are some frequently asked questions (FAQ) about EPF accounts:

What is an EPF account?
An EPF account is a retirement savings account that is mandatory for all employees in India who are earning a salary of up to Rs. 15,000 per month. The employer and employee contribute 8.33% of the employee’s salary to the EPF account. The money in the EPF account earns interest, and the employee can withdraw the money after retirement, or in certain other circumstances, such as for medical emergencies or for buying a house.

How do I open an EPF account?
Your employer will open an EPF account for you if you are eligible. You will be given a Universal Account Number (UAN) which is a 12-digit number that will be used to track your EPF account. You can also generate your own UAN online if your employer has not done so.

How do I contribute to my EPF account?
Your employer will deduct 8.33% of your salary and contribute it to your EPF account. You will also contribute 8.33% of your salary to your EPF account. The total contribution of 16.66% will be credited to your EPF account.

How do I check the balance in my EPF account?
You can check the balance in your EPF account online by logging into the EPFO website or by using the EPFO mobile app. You can also check the balance by visiting your nearest EPFO office.