The theory regarding UAN is, irrespective of the number of employers that the subscriber changes, they will have one account number for one subscriber.
You can nominate more than one person and also fix the share for each nominee online
At present, the subscribers of the Employees Provident Fund Organisation (EPFO) are required to file transfer of EPF claims on changing jobs despite having universal account number (UAN). The EPFO gets about eight lakh EPF transfer claims every year.
Using the facility, it said, the EPFO members can online link their respective UAN with Aadhaar.
All employees need to have only one UAN throughout their working life irrespective of the number of companies they change.
Total service in the present establishment as well as previous establishments is counted for deducting tax at source and therefore, it is advisable to merge all PF accounts, EPFO has pointed out.
Subscribers of retirement fund body EPFO can now withdrawal money from their PF account using one common form and will not be required to file documents like marriage invitation cards for taking advances.
While opening a window to file claims directly to EPFO without employers' attestation, it has also decided to allow self-attestation by subscribers of several documents previously required for partial withdrawals.
Retirement fund body EPFO has extended deadline for payment of EPF contributions by five days till January 20 in view of difficulties being faced by firms in filing EFF returns online due to technical issues.
This is part of Employees Provident Fund Organisation's (EPFO) special drive to consolidate multiple accounts of an employee.
The process of procuring servers would be completed by May while the testing would start in June to gauge the response of the system in place.
The Employees' Provident Fund Organisation (EPFO) is cautious after the apex court ruled earlier this month that "the production of an Aadhaar card will not be a condition for obtaining any benefits otherwise due to a citizen".