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Preventing and Resolving Duplicate Universal Account Numbers (UANs)

share-iconFriday, January 10 comment-icon3 weeks ago 6 views
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indiatimesINDIATIMES
Preventing and Resolving Duplicate Universal Account Numbers (UANs)

Credited from: INDIATIMES

  • Duplicate UANs are a common issue, usually arising when employees change jobs without transferring their EPF accounts, causing confusion in tracking EPF balances.
  • A Universal Account Number (UAN) is a unique 12-digit ID that remains constant throughout an employee's career, tied to various member IDs.
  • Two UANs may be issued due to outdated exit dates from previous employers or failure to communicate the existing UAN when starting a new job.
  • To resolve duplicate UANs, employees can contact the EPFO by sending an email to [email protected] and reporting both UANs for verification and deactivation of the old one.
  • Resolving duplicate UANs is crucial to avoid discrepancies in EPF contributions, and it supports seamless management of funds and compliance with EPFO regulations.

For the full article visit: Times of India

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A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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