Tuesday, 23 June 2015

A Comment on EPFO making Universal Account Number mandatory for all employers

My Comment on an article "EPFO makes UAN mandatory for all employers under its purview" published in the economictimes.com Dated 22/06/2015 at 10 pm.

"Very good initiative taken by EPFO. Universal Account Numbers (UAN) provide great relief to workers who frequently shift jobs or get transferred to various places in same company. They need not apply for transfer of their account or funds to new place. They will be holding a single account number universally applicable throughout their life even after changing jobs. This is the great advantage in this scheme. 

Members need to provide bank account details for proper and prompt action of activities into their accounts. As mentioned, the deadline for this has been fixed as 25th August, 2015."

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