EPF Organization is also the nodal agency for implementing Bilateral Social Security Agreements with other countries. Further, it is one of the largest social security organizations in India, both in terms of the beneficiary base and the quantum of financial transactions undertaken. The EPFO’s apex decision making body is the Central Board of Trustees.
EPFO has been taking several measures to simplify the operation of EPF account both for employer and employees by adopting IT-enabled tools and techniques. EPFO has undertaken the number of digital initiatives in the recent past.
Overall, the EPFO performs the dual role of being the administration and overseeing the implementation of the Act and also as a service provider for the covered beneficiaries which includes both employers and employees i.e., members.
4. Services offered By EPFO
Universal Account Number
EPFO introduced UAN which acts as an umbrella for the multiple Member Ids allotted to an individual by different employers. The UAN programme was launched in October 2014 as part of Pandit Deen Dayal Upadhyay Shramev Jayate Karyakaram. It is perhaps the most exceptional step taken by EPFO in the recent past. UAN is a unique 12 digit number assigned to an employee by EPFO. UAN enables linking of multiple EPF Accounts (Member Id) allotted to a single member. UAN offers bouquet of services like dynamically updated UAN card, updated PF passbook including all transfer-in details, facility to link previous members’ ID with present ID, monthly SMS regarding credit of contribution in PF account and facility for auto-triggering transfer request on cange of employment.
Employees are required to activate their UAN at UAN portal in order to avail wide range of online services offered by EPFO. Once UAN is activated, employees can login using UAN and password and access various online services as well as update KYC details etc.
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