Universal Account Number (UAN): Who Qualifies and What You Get
Learn how the Universal Account Number helps you keep your retirement savings connected even when you change jobs in the organized sector.
The Universal Account Number (UAN) is a unique identification number that stays with you throughout your career, regardless of how many times you change employers. It acts as a single link to your various provident fund accounts.
Who it's for
This is for salaried employees working within organized sectors.
What you get
The main benefit is portability. When you switch jobs or move between different firms, your provident fund accounts follow you. Instead of managing multiple separate accounts, your funds remain linked to this single number, making it easier to track your savings across different employers.
What it costs you
It is free to use. The management of this number is handled by your employer.
The catch to know
You must link your UAN with your Aadhaar. If you do not complete this link, you will be unable to make online claims to withdraw your funds.
How to apply
- Speak with your employer to ensure they have generated your number.
- Use the official portal to manage your account details.
- Ensure your Aadhaar is linked to the number to enable online withdrawals.
- Visit the official portal for more details: https://unifiedportal-mem.epfindia.gov.in/