PF to Issue Universal Acct Numbers Soon

Published: 21st September 2014 06:03 AM  |   Last Updated: 21st September 2014 06:03 AM   |  A+A-

VELLORE: Himanshu Kumar, Regional Provident Fund Commissioner (RPFC) has stated that the Employees Provident Fund Organisation (EPFO) is in the process of allotting Universal Account Numbers (UAN) to contributing EPF members to enable account portability.

According to him, the regional office has already collected the Know Your Customer (KYC) details of the 1.7 lakh contributing members (out of a total 2.22 lakh), of which UAN of 1.4 lakh members have been uploaded by the employers into the EPFO website.  The EPFO has also issued directives to all employers to provide the core account number with IFSC code of the bank branch in respect of every new member joining the fund. Similar details for existing members should be provided by  employers by October 15, 2014 while the details about the previous members under its employment by October 31, 2014. The submission of these details is mandatory.

Members, presently not employees of any establishment, but covered under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, will have to provide their core banking account numbers with IFSC code of the bank branch, a crossed cheque folio with the member’s name and their previous PF account number to any Regional or Sub-Regional Office of the EPFO before November 30, 2014.

These details are necessary to settle the accounts of the members who have either resigned from service and are presently unemployed, or those who were employees of establishments which have been closed, the RPFC said.

The employers can also make online payment of EPF and allied dues. This facility is available in 56 banks the list of which can be obtained from the website or can be obtained from the website or www.epfindia.

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