EPF is made employee Friendly

UAN (Universal Account Number) is a must

One must get an UAN for availing the online EPF services.UAN is a 12 digit single account number which will be linked to your provident fund account. You don’t need to worry for your different EPF accounts and how to transfer them, when you join a new job. Now each employer will give you a member id, and the member id will be linked with the UAN. Even the employee’s having EPF under private trusts will be assigned the UAN. This is the new system and will be applicable for your current and future employment.

UAN Status in online mode

You have to go to the Employee Provident Fund website (http://uanmembers.epfoservices.in), activate your UAN based registration and complete the details with your login credentials, nearest EPF Office area etc.

EPF Balance:

Once you activate your UAN, you can avail different services such as PF balance, PF passbook, monthly contribution etc through online and SMS.


SMS facility

You need to send the message to 7738299899 from your registered mobilein the format- EPFOHO UAN<LAN>, where <LAN> is the first 3 characters of preferred language (ENGlish/HINdi etc).

Missed call service

You can also give a miss call to 011 22901406 from your registered mobile no to know your last contribution and balance.

Direct Drawal of EPF:

Here is a great news for all EPF account holders. EPFO has come up with new withdrawal process without employer signature. You can directly submit the EPF withdrawal form and the settlement will take place directly into your bank account.

Earlier, the EPF forms were first sent to the employer for their verification and signature, which used to take a lot of time and many a times employees face harassment and delay. However with these new changes, withdrawing from your EPF account is going to be very easy and fast. Few months back, with the concept of UAN (Unique Account Number), the EPFO was delinked from the employer to some extent and this move looks like an extension to that.

Building retirement corpus

Many investors withdraw in full from their EPF’s when they change jobs. But this is not going to happen from now onwards. The Govt has brought a new amendment in the EPF rules, according to which the members will not be able to fully withdraw from their EPF before they reach the retirement age.

The maximum amount one will be able to take out; is their own contribution and its interest and that can be done only after 2 months of cessation of employment. Only exception shall be made for female members resigning for the purpose of marriage or pregnancy or child birth. It will help in compulsory accumulation of the retirement corpus.

Finally the Govt has decided to increase the interest on EPF to 8.8% from the current 8.75% in the back ground of reduction in interest in many small savings schemes. We suggest you to invest more through EPF by opting for Voluntary Provident Fund also.


Last modified on Wednesday, 02 March 2016 06:17

Prakash Praharaj

Shri Prakash Praharaj has a passion for excellence. He has been awarded two gold medals for securing top positions both in Graduation and Post Graduation in Commerce. He is an MBA with specialization in Finance and marketing. He has been awarded Diploma in Treasury, Investment and Risk Management besides CAIIB from the Indian Institute of Bankers. He is a Certified Financial Planner from the Financial Planning standards Board, India (FPSB), affiliated to FPSB, Denver, USA and Certified Personal Financial Adviser from NISM. He is also a SEBI registered Investment Adviser vide Reg. no. INA 000000045 dated 2nd August 2013.His book "Your Every day guide to Personal Finance and Insurance" has been published by CNBC TV 18 in August 2015.


  • Baban Kode

    posted by Baban Kode

    Wednesday, 02 March 2016 03:40

    Great article. Thanks for sharing.

  • johny

    posted by johny

    Tuesday, 01 March 2016 09:30

    gr8 article..tnx for sharing

  • babu dash

    posted by babu dash

    Tuesday, 01 March 2016 09:29

    very much helpfull for employees

  • ashok

    posted by ashok

    Tuesday, 01 March 2016 09:27

    tnx to update..i will surely share it with my friends

  • viraj

    posted by viraj

    Tuesday, 01 March 2016 09:25

    gr8 change come in EPF

  • ashwini

    posted by ashwini

    Tuesday, 01 March 2016 09:22

    nice article

  • sonali

    posted by sonali

    Tuesday, 01 March 2016 09:21

    me n my co-worker were just discussing about it..tnx to updaate

  • pooja

    posted by pooja

    Tuesday, 01 March 2016 09:20

    tnx for the information


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