Nowadays, the Employees Provident Fund Organization (EPFO) has provided several facilities for its members, making their experience associated with the Provident Fund (PF) become even easier and convenient. These facilities include the process of linking bank passbooks, cancell checks, and bank accounts from UAN. With these changes, EPFO has provided many new facilities to its members that make PF account management even more simple for them.
The main objective of these facilities of EPFO is to provide more convenience and protection to its members. Through the UAN (Universal Account Number), members can easily manage their PF account and link their bank accounts. This process has become even more simple as it does not require the approval of the employer.
Along with these features, EPFO has also ensured that members will not need to upload a cancel check or bank passbook photo. This change not only accelerates the process, but it also reduces problems caused by the mistakes of documents.
Interpretation of main words
Bank account link from bank passbook, cancell check, UAN
The following are the meaning and use of these words:
- Bank Passbook: This is a document that contains details of all transactions of your bank account. Earlier, its photo had to be uploaded for PF withdrawal, but now it is not necessary.
- Cancel Czech: It is a bank check that is canceled and was often used to verify the bank account details. It is no longer needed.
- Bank Account Link from UAN: UAN is a unique number given to each EPF member. By using this, you can link your bank account to the EPF account, which makes PF withdrawal easier. Now it does not require the approval of the employer.
Description of main words
| Word/facility | Description |
| Bank passbook | Documents showing details of bank account transactions. Earlier, it had to upload its photo for PF withdrawal. |
| Cancel check | The bank was used to verify the account details, no longer needed. |
| Uan | Universal account number, which is given to each EPF member. |
| Bank Account Link from UAN | Connecting the bank account to the EPF account using UAN. Now there is no need for the approval of the employer. |
| Employer approval | Earlier, the employer’s approval was required to add a bank account, no longer. |
| Pf withdrawal | The process of withdrawing money from provident funds. Now this process has become even more simple. |
| EPFO | Employees Provident Fund Organization, which provides facilities related to PF. |
New facilities and their benefits
New facilities provided by EPFO not only make PF account easier, but it also gives members many benefits:
- Simple procedure: Now there is no need to upload cancell check or bank passbook photo, which has made the process faster and simple.
- No approval of employer: The employer’s approval is no longer required to add a bank account with UAN, which does not delay the process.
- Security and convenience: Linking the bank account through UAN not only increases the facility, but also ensures that your PF money is deposited in safe and right account.
Free facilities for PF account
EPFO has provided many free facilities for its members that make their PF account management even easier:
- PF balance check: You can easily check your PF balance using your UAN number. The EPFO website or the UMANG app can be used for this.
- Missed Call Service: EPFO has also introduced a missed call service through which you can know your PF balance by giving a missed call on a certain number from your registered mobile number.
- Online claim filing: Now you can file PF claim online and it does not require any additional documents.
PF required steps for account management
There are some essential steps to make PF account management easier that you should keep in mind:
- Activate UAN: It is necessary to activate your UAN so that you can manage your PF account online.
- Link bank account: Link your bank account to UAN so that PF withdrawal can be easier. Now it does not require the approval of the employer.
- Check the balance regularly: Check your PF balance regularly so that you know your account status.
conclusion
The new features provided by EPFO not only make PF account easier, but also gives many benefits to the members. Removing the requirement of bank passbook and cancell check has accelerated the process, and the process does not delay due to lack of approval of employers in linking bank account with UAN. By using these features, you can easily manage your PF account and make your future safe.
Rejuvenation
This article provides general information about the features provided by EPFO. This information is not an alternative to any personal advice or financial counseling. You should consult your financial advisor before taking any financial decision.
