CONTENT

 Universal Account Number (UAN)

a) Meaning & Activation
 Provident Fund (PF)
a) Meaning
b) KYC Updation
c) PF Passbook
d) Transfer
 Benefits of PF
 Deduction of PF
 Share Part of PF
a) Covid-19
b) Normal
 Types of Form
 Withdrawal Process
 Universal Account Number(UAN)

Meaning

 The Employees Provident Fund Organization (EPFO) has introduced the Universal Account
Number (UAN) for members.
  The UAN will act as an umbrella for the multiple Member Ids allotted to an individual by different
establishments. The idea is to link multiple Member Identification Numbers (Member Id) allotted to a
single member under single Universal Account Number.
 Activation Process Of UAN
Step 1-Go to the EPFO website and click Activate UAN on the bottom-
right corner of the page.

Step 2-Key in your UAN, name, date of birth, mobile number, and the
captcha text.

Step 3-You will now get a one-time password (OTP) on your mobile
Number. Copy it

Step 4- Verify all the details on the EPFO page, and tick the check-box
next to I Agree.
Step 5- Paste the OTP from your phone next to Enter OTP and
click Validate OTP and Activate UAN.

NOTE:-This will activate your UAN and the password will be sent to your mobile number. You will still need to wait for six hours
before you can log in to the EPFO portal to check PF balance. Six hours after activating UAN, you can check PF balance.
 Provident Fund(PF)
Meaning
 In India, there are three types of provident funds,
 1. General Provident Fund (GPF)- Account available only for government employees. In a provident
fund account, the customer invests a part of his/her salary for a certain period of time and avail the amount
on maturity
 2.Employees' Provident Fund (EPF)- EPF stands for Employee Provident Fund that is a scheme for
providing a monetary benefit to all salaried individuals after their retirement. The process is monitored by
the Employee Provident Fund Organization of India. ... The amount collected in the EPF account is
provided to the employees after they retire.
 3. Public Provident Fund (PPF)-Public Provident Fund (PPF) scheme is a long term investment option
which offers an attractive rate of interest and returns on the amount invested. The interest earned and the
returns are not taxable under income Tax.
Each provident fund that is mentioned above promotes the practice of savings when an individual has a
regular source of income
1. NPR (National Population Register)
2. AADHAR card.
3. PAN (Permanent Account Number)
4. Valid Bank Account details.
5. Valid Passport Number.
6. Valid Driving License.
7. Valid Election Card.
8. Valid Ration Card.
 KYC UPDATE PROCESS

Login to your EPF You need to fill the details Aadhaar

account using your UAN card, Pan card, Passport, Driving
& Password License, Bank Detail in the form.

Under the
“Manage”
section, click
on the KYC
option On the
drop down
menu
 PF
PASSBOOK
Login to the
portal. The user
has to login the
EPFO website

Download the Enter the UAN

Passbook & Password

Member ID to
Click Login
view Passbook
PF TRANSFER

Login to your EPF

account using your UAN
and Password here

Click on the
'Transfer Request'
option in the 'Online
Services' section

Give your
previous EPF account
details (previous
Member ID)
 BENEFITS OF PF
Resignation/ Quitting the
Job-The employee can
Long-Term Financial
withdraw 75 per cent of
Security-Funds that are
the EPF fund after
deposited in this kind of
resignation after a month
account cannot be easily
of the date he/she quit the
withdrawn by the person,
job. The remaining 25 per
and therefore, it helps to
cent can be taken 2
ensure savings.
months after being
unemployed
Unseen circumstances- Death-In case the
Income/ Unemployment
The employee can use the employee passed away,
Loss-There might be
accumulated fund in case the collected amount
some cases where the
of any type of emergency. including the interest is
employee loses the job
The employee can decide given to the nominee of
they currently have
to withdraw the fund the employee. These epf
because of any reason.
prematurely. The scheme benefits after death will
During these times, the
allows for such premature help the family get
funds can be used to meet
withdrawal in special through the difficult
that person’s expenses.
specific cases. times.
 DEDUCTION OF PF
Provident
Fund(PF)

Employer’s Employee’s
Share(12%) Share(12%)

EPF (Employee
Employer
Pension Fund
share(3.67%) COVID -19
8.33%) SHARE:-10% NORMAL
SHARE-12%
TYPES OF FORM

Form 19 Form 10D – Form 20

Form 10C – Form 31 –
– EPF Withdrawal. Form 13 Pension – EPF Withdrawal
Pension Advances/
– EPF Transfer. Application after in case of Death of
withdrawal. Withdrawal
Retirement. a member.
 WITHDRAWAL PROCESS

Step 3: Then, Step 5: The

Step 4: After the
click on the tab ‘Claim’ screen
‘Manage’ and KYC details are will display the
verified, go to the
select KYC to member details, Step 6: Click on
Step 2: Log in tab ‘Online
check whether KYC details and ‘Yes’ to sign the Step 7: Now,
Step 1: Go to the with your UAN Services’ and
your KYC details other service certificate of the click on ‘Proceed
UAN portal and password and select the option
such as Aadhaar, details. Enter the undertaking and for Online claim’.
enter the captcha. ‘Claim (Form-31,
PAN and the bank last four digits of then proceed.
19 & 10C)’ from
details are correct your bank account
and verified or the drop-down and click on
menu.
not. ‘Verify’.