EPFO: In a significant move aimed at easing the process of provident fund transfers, the Employees Provident Fund Organization (EPFO) has implemented a groundbreaking change effective April 1. Now, subscribers need not fret over transferring their provident funds when changing jobs.
Here's what this means for you
- No More Transfer Requests: You no longer need to submit a separate request for transferring your PF balance when you change employers.
- Automatic and seamless: As long as your Universal Account Number (UAN) is activated and linked with your new employer, your PF balance will automatically move to your new company's account upon their first contribution.
What is a UAN?
Your UAN is a unique 12-digit number assigned by the EPFO. It stays with you throughout your entire career, no matter how many jobs you change.
How to Check Your UAN
There are two easy ways to check your UAN:
- Online Portal:
- Visit the EPFO's Unified Member Portal (https://unifiedportal-mem.epfindia.gov.in/).
- Click on “Know Your UAN Status.”
- Enter your registered mobile number and the captcha code.
- You'll receive an authorization PIN on your phone. Enter it on the portal.
- Your UAN will be sent to your registered email and mobile number.
- Missed Call Service: (For UAN portal registered members only)
- Give a missed call to 9966044425 from your mobile number registered with your UAN.
- You'll receive an SMS with your UAN and other PF details.
Increased Security for NPS Accounts
The Pension Funds Regulatory and Development Authority (PFRDA) has also implemented a new rule from April 1st. All National Pension Scheme (NPS) subscribers will now require mandatory two-factor authentication for added security. This includes Aadhaar-based verification for an extra layer of protection when accessing your NPS account.
