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Sharma HR
24

Hi,

Plz find attached latest EPFO Circular.

Universal Account No. (UAN) is being allotted to each contributing employee by EPFO. Allotment of UAN has been a long pending demand both of employer and employee. It is

expected that the allotment and deployment of the UAN will substantially lower the cost of compliance and shall also in its ultimate form, save the

employer from verification of various claims made by employee to EPFO.

2. As of now, the identity of any employee is established only if the

employer certifies the same. Therefore in the initial phase, it is expected

that certain initiative will have to be taken by you in making UAN fully

operational.

3. Full implementation of the UAN will involve the following steps:

i) Allotment of UAN (already allotted by EPFO can be downloaded

from EPFO Website i.e. Epfo (Govt. of India) )

ii) Dissemination of UAN (To be done by you in respect of your

employee)

iii) Capturing of KYC and communication of the same to EPFO. (To

be done by you in respect of your employee).

iv) Continuous allotment of UAN to new members (To be done by you

in respect of your employee).

4. The detailed process of each step has been elaborated in the User

Manual which can be downloaded from the EPFO Website i.e.

Epfo (Govt. of India) It is expected that you will assign top Priority to this

work which ultimately is going to help not only you but also all the

employees as well the EPFO in providing better services.

5. For KYC, a number of options have been provided. However, priority

should be given to capturing AADHAAR/NPR Number and PAN. Saving

Bank account detail of the member is also mandatory. In case you need

any assistance in providing AADHAAR to your employee(s) or in case you

face any difficulty in getting a Savings Bank Account opened for your

workers, the nearest EPFO's Regional Office may be contacted, as the

officers have been instructed to assist you in this process.

6. The verification of KYC that you are expected to submit to EPFO

Portal should ideally be done with the help of digital signature. It is

expected that most of you are already possessing digital signatures for

transacting your routine business not only with EPFO but also with other

Government Organizations such as Income Tax Department, Service Tax

Department, Ministry of Corporate Affairs etc. In case you have not taken

digital signature as yet, it is requested to obtain the same. Any KYC

uploaded to EPFO Portal using the digital signature will entitle the

beneficiary to obtain complete list of services. In case KYC is not approved

using digital signature, some of the services may not be available to the

employee.

7. In the initial days, it is expected that there will be a number of queries

and you may be requiring assistance on a constant basis, and for this

purpose a toll free Helpline No 1800-118-005 has been specifically

assigned to extend assistance.

From India, Chennai
Attached Files (Download Requires Membership)
File Type: pdf EPFO CIRCULAR Dated 21.07.2014.pdf (103.8 KB, 949 views)

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