Perfected PF Consultant in Ahmedabad

Top First PF Consultant in Ahmedabad

Value of universal account number, or UAN

A fundamental part of the Provident Fund system in India is the Universal Account Number (UAN). Every employee who makes a contribution to the Provident Fund has a special 12-digit identification number called UAN. UAN has greatly streamlined the handling of several PF accounts employees might have resulting from changes in their employment.

The Mechanisms of UAN

No matter how many employers a person moves between, their UAN stays the same across their career. An employee switching employment opens a new PF account with the same UAN. By managing all of their PF accounts under a single identification number, employees may easily trace contributions, withdrawals, and transfers.

Ad advantages of UAN.

Under one UAN, employees can manage several PF accounts under simplified management, therefore streamlining the process of maintaining track of several PF accounts.

When workers switch employment, UAN allows them to move their PF balance from one account to another.


 Using their UAN, staff members may quickly access information online including their PF balance, donations, and other details, so improving openness and accessibility.

To keep staff updated about deposits, withdrawals, and other activity linked with the PF account, the EPFO sends SMS and email notifications.

Who Oversees Provident Funds?

Provident Fund accounts in India are supervised by the statutory agency known as the Employees' Provident Fund Organization (EPFO). Operating under the Ministry of Labour and Employment, EPFO's mandate is to execute the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.

Goals of EPFO

Regulation and Compliance: EPFO makes it required for qualified companies to register and support EPF since it guarantees compliance with PF rules by both staff members and companies. Pro Legal HR Payroll Company in India by Top ESI PF Consultant in Ahmedabad.

EPFO oversees the PF accounts of millions of workers all throughout the nation to guarantee correct recording of interest accruals and contributions.

EPFO has a strong grievance redressed system to handle problems with PF accounts, donations, and withdrawals.

Every financial year, EPFO reveals the interest rate on PF contributions, so guaranteeing employees get returns on their funds.

Through its web site, EPFO provides digital services improving user experience like UAN activation, PF balance check, transfer, and withdrawal requests. Pro Legal HR Payroll Company in India by Top ESI PF Consultant in Ahmedabad.

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