So, In this Post, We will try to Solve most of your Queries regarding EPF and UAN. You can still refer to other Posts in order to get full depth Description on any Perticuler Points regarding PF Withdrawal, EPF Calculation, and UAN Registration.
- What is EPF Scheme? How is it useful for Employers and Employees?
EPF is an Employee Provident Scheme and establishes in 1952 by replacing the Employee Provident Fund Ordinance, 1951 scheme. It’s mainly formed to benefit the Employees who are working in Private Organisation and It helps to save them Few % of the Money as Savings every month. This money will be helpful at the time of Retirement. For more Detail, You can refer to THIS POST.
- What is UAN Number?
UAN is Universal Account Number. It’s very Useful Number. with the help of UAN Number, you can check your PF Account Balance and Can Download UAN Passbook. Whenever you change an Organisation You don’t have to repeat the EPF Process. Your Universal Account Number will act as an Umbrella. It will contain all your EPF Account.