Request a call back

Introduction to EPF Registration

EPFO is one of the social security organizations with a large volume of financial transactions taking place in the country. EPF benefits are availed by the employees on their retirement in the form of amounts accumulated in the Provident Fund. Employee Provident Fund which is commonly known as EPF, is basically a scheme governed and regulated by the Employee’s Provident Fund Organization (EPFO). EPFO is regulated and administered under the Employee’s Provident Funds & Miscellaneous Provisions Act 1952.

What is the PF number format?


UAN Number stands for Universal Account Number, which is allotted to employees at the time of registering an employee under the EPFO portal. This number is allotted by providing the required details such as name, father’s name, Aadhaar number, PAN number, Date of birth, etc. Universal account number or UAN is a 12-digit number allotted to each Employee Provident Fund member by the Employee Provident Fund Organization(EPFO), which gives him control of his EPF account and minimizes the role of employers. UAN registered number can be used by an employee throughout his tenure of service, whether he changes his job or establishment.

Benefits of
EPF Registration

The employer contributes some proportion to the EPF fund along with the employee. The employer also adds his contribution that is inclusive of the employee pension scheme (EPS).

Provident fund acts as financial support at the time of retirement, illness, demise, disability or any similar risk occurred to the employee.

PF account of an employee needs not to be closed in case the employee switches his job as the same can be carried forwarded.

Why Nidhi Fintech Consultancy?