The Employee Provident Fund Organisation as a part of seeding the UAN number with KYC has announced an incentive for the employees who register between January and December 2016.
Flash points
Incentive: Employees can claim 5 to 10% of administrative charges for 1 year
Duration: From January to December 2016
What for? To encourage the employees to seed the UAN with KYC details
Details included in KYC: Permanent Account Number, Aadhar Card, Bank account details
Allotted UAN numbers: 6.38 crores
Services under KYC: Downloadable dynamic UAN card, updated details of PF accounts, auto trigger of transfer request while changing employment and others
Points to note
- UAN- Universal Account Number
- EPFO started in 1952
- EPFO is under Union Ministry of Labours and Employment
- EPFO headquarters-New Delhi
- Central Provident Fund Commissioner- V.P.Joy
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