Retirement fund body Employee Provident Fund Organisation has opened a facility for its over 4.5 crore members that will allow them to merge multiple Provident Fund (PF) accounts into one account using their universal portable account number (UAN).
Currently, the EPFO subscribers are required to file separate transfer claims online using UAN on the EPFO’s UAN portal. But to avail of the facility, they are required to activate their UAN that is seeded with bank accounts and other details such as Aadhaar and PAN. Those subscribers without UAN activation can also do so online through the transfer claim portal facility of the EPFO.This makes it very easy and you get a lump sum when you want to withdraw your employees’ provident fund.
