The Ministry of Labor and Employment has directed the EPFO to activate the Universal Account Number (UAN) of employees.
The Ministry of Labor and Employment has directed the EPFO to ensure that the Universal Account Number (UAN) of employees is activated to avail the Employment Linked Incentive (ELI) scheme. The ministry has also issued a statement in this regard.
The ministry said that for this, EPFO will involve its zonal and regional offices for effective reach. The ministry said that to ensure that the maximum number of employers and employees benefit from the ELI scheme, EPFO will have to work with employers in a campaign mode and activate the UAN of the employees.
Seamless access to EPFO online services
UAN activation gives employees seamless access to EPFO ’s comprehensive online services, allowing them to manage their Provident Fund (PF) account efficiently. Apart from this, they can view and download PF passbook, make online claims for withdrawal, advance or transfer, update personal details and track claims in real time.
This gives employees 24/7 access to EPFO services from their homes, eliminating the need to physically visit EPFO offices.
Withdrawal facility within 6 months
Earlier, Labor Minister Mansukh Mandaviya had changed the withdrawal rules on the occasion of completion of 100 days of the government and increased the withdrawal amount from Rs 50,000 to Rs 1 lakh. Along with this, the facility of withdrawal within 6 months was also given to the employed people.
EPFO provides many types of services to its account holders. It provides facility to withdraw funds from pension to medical or other important works. Now, instead of Rs 50,000, Rs 1 lakh is allowed to be withdrawn from PF as an emergency fund, that is, you can withdraw money from PF for medical, marriage, education or other important family needs.
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