The Employee Provident Fund Organisation (EPFO) has actually expanded the due date for turning on the Universal Activation Number (UAN) and connecting the checking account with Aadhaar to January 15, 2025.
The initial due date for UAN activation was November 30, 2024, which was later on encompassed December 15, 2024.
“Please see the circulars cited. In this connection, the competent authority has granted an extension of timeline from 15.12.2024 to 15.01.2025 for UAN activation and Aadhaar seeding in bank account of all the employees,” EPFO claimed in a round launched on December 20, 2024.
Why UAN activation is essential?
A UAN is a 12-digit number that aids to take care of provident fund accounts. UAN activation and connecting a checking account to an Aadhaar is required to get advantages of the Employment Linked Incentive (ELI) Scheme by EPFO.
“It is mandatory to seed your Aadhaar with your Bank Account to avail the benefits of the Employment Linked Incentive (ELI) Scheme, an employment-centric scheme focusing on job creation in the country. Do it timely to avoid last-minute hassle!” the authorities manage of EPFO uploaded on X.
How to turn on EPF UAN?
Step 1: Go to the main site of EPF; www.epfindia.gov.in
Step 2: Click on ‘Our Services’ and click ‘For staff members’
Step 3: Select ‘Member UAN/ Online Services’
Step 4: Choose ‘Activate your UAN’ (under ‘Important Links’ on the right-hand side)
Step 5: Enter your fundamental information, such as UAN, Name, Date of birth, Mobile number, and captcha, and click ‘Get Authorization pin.’ Then, an OTP will certainly be sent out to the signed up mobile number.
Step 6: Select ‘I Agree’ and get in the OTP
Step 7: Click on ‘Validate OTP and Activate UAN’
What is ELI plan?
Finance Minister Nirmala Sitharaman presented the ELI plan in Budget 2024. It consists of 3 kinds: A, B, and C. It intends to supply advantages to new staff members, develop work in production, and assistance companies.
What are the attributes of ELI plan?
A: First- time staff members
Under this plan, one month’s wage to all individuals recently getting in the labor force in all official fields. The straight advantage transfer of one month’s income in 3 instalments to new staff members, as signed up in the EPFO, will certainly depend on 15,000, according to the spending plan records.
B: Job production in the production industry
The plan intends to incentivize extra work in the production industry, which is connected to the work of new staff members. An motivation will certainly be offered at a defined range straight to the staff member and the company concerning their EPFO payment in the very first 4 years of work.
C: Support to companies
The Government will certainly compensate companies as much as ‘3,000 monthly for 2 years in the direction of their EPFO payment for each and every extra staff member.
However, it has to be kept in mind that the federal government has not yet revealed the reliable day of application, the plan, or various other information.
