EPFO Update: Subscribers are soon going to get relief from the problems they face in withdrawing their hard-earned money deposited in EPFO. Employees Provident Fund Organization is upgrading its software, under which in the new software module, accounting will be possible through the UAN (Universal Account Number) number of the member of EPFO (Employees Provident Fund Organization) and this will simplify the claim settlement process. . Due to the new software, the system of one member, one account can be implemented, which will help in getting rid of the problems in claim settlement from the provident fund.
Withdrawal of money from provident fund will be easy!
The Employee Provident Fund Organization is working rapidly on the CITES 2.01 project. Under this project, EPFO is upgrading everything from its hardware to software. The new operating system is being deployed in the CITES 2.01 project. This will help in simplifying the claim settlement process and will provide relief to the subscribers from the hassles faced in withdrawing their money from EPFO. According to EPFO, after the upgrade of the software, accounting can be done through UAN number. Due to which a system of one member, one account will be ready. Due to the new software, it will be easier to settle the claim.
A member must have a UAN number
Actually, the Employee Provident Fund Organization issues a UAN (Universal Account Number) number to each of its members. EPFO has always been advising its subscribers not to apply for a new UAN number on changing jobs because a member should have only one UAN number.
Critical Information!
Employees are not required to generate a new UAN when leaving their old employment. A member cannot have more than one UAN. There is no requirement for having a fresh UAN at all, in any case of unemployment or change of employment.@mygovindia @PMOIndia,
— EPFO (@socialepfo) November 27, 2024
Problem in settlement with two UANs
If an employee has two UAN numbers, then he is advised to merge the new number with the old UAN number. Due to any employee having two UAN numbers, subscribers face difficulties in settlement of provident fund claims and the claims are rejected. Recently, EPFO has asked the subscribers through a social media post not to generate a new UAN number after changing jobs and joining a new place. A member cannot have more than one UAN number.
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