EPFO Extents The Deadline To Activate UAN For ELI Benefits To THIS Date

To generate a UAN, the required documents include a PAN card, Aadhaar card, identity proof (such as passport, voter ID, or driving license), address proof, and bank account details

Activating the UAN and linking the bank account with an Aadhaar card is crucial for accessing benefits under the EPFO's Employment Linked Incentive

Source : ABPLIVE AI

The Employees’ Provident Fund Organisation (EPFO) has extended the deadline for activating the Universal Account Number (UAN) from January 15 to February 15. In a circular dated February 2, 2025, the EPFO stated, “Please refer to the circulars mentioned under references. In this connection, the competent authority has granted an extension of the timeline for UAN activation and Aadhaar seeding in bank accounts till 15th February 2025.”

Activating the UAN and linking the bank account with an Aadhaar card is crucial for accessing benefits under the EPFO's Employment Linked Incentive (ELI) Scheme.

What Is A UAN?

The UAN is a unique 12-digit number assigned by the EPFO, essential for managing provident fund accounts. It consolidates all EPF accounts from different employers into a single account, simplifying the transfer of funds when changing jobs.

UAN also improves security by safeguarding account information and transactions with secure authentication. Additionally, it streamlines the retirement savings process for employees by eliminating the need to consolidate multiple PF accounts created under various employers.

To generate a UAN, the required documents include a PAN card, Aadhaar card, identity proof (such as passport, voter ID, or driving license), address proof, and bank account details.

Importance Of UAN Activation

Once an employee's UAN is activated, they gain easy access to a wide range of EPFO's online services. These include managing their provident fund (PF) accounts, viewing and downloading PF passbooks, submitting online claims for withdrawals, advances, or transfers, updating personal information, and tracking claims in real-time.

Employee Linked Incentive Scheme

The Employee Linked Incentive (ELI) schemes, introduced in Budget 2024, are designed to promote employment in the formal sector, offering benefits to both employers and first-time employees. To access these benefits, individuals must enrol with the EPFO.

At present, there are three ELI schemes: Scheme A, which targets first-time employees; Scheme B, which focuses on the manufacturing sector; and Scheme C, aimed at providing support to employers.