Skip to main content

How to link your EPF Account with Aadhaar

Aadhaar can make EPF withdrawals easier

Here is a step-by-step guide on how to link your EPF account with Aadhaar


The Employees' Provident Fund (EPF) Organisation now has a completely online process for withdrawals from your EPF corpus. Using this facility, you can make final claim settlements, partial withdrawals as well as pension benefit withdrawals. The new online system is expected to reduce the settlement time for claims from about 20 days at present to around 10 days. However, this facility is available only for those who have an active Universal Account Number (UAN) and have linked this account with their Aadhaar number.

Here is a step-by-step guide on how to link your EPF account with Aadhaar.


Activate your UAN
When you change jobs, your employer creates a new EPF account, called member ID, for you. The UAN is a single account number that has details of all your EPF member IDs. You can get your UAN number from your employer. You can also check your UAN from the 'Know your UAN status on the EPF member portal. To use this option, you will need your EPF member ID, which is usually mentioned on your salary slip.


You will need to activate the UAN from the 'activate UAN' option on the EPF member portal. This includes creating a password for logging into the member interface. Your UAN as a user ID and the password you create, can be used for all of EPF's online facilities, including checking your EPF passbook.


Linking Aadhaar
After you log in to your member interface, find the tab labelled 'manage'. Under this tab, click the KYC button.


Here you will find a list of most common KYC documents that you can use to activate the UAN. To be able to use the online withdrawal facility, select 'Aadhaar' from the list and fill in your details-your name, exactly as it is in the Aadhaar database and your Aadhaar number.


Note that while processing your claim through the online claims facility, the EPF system will move forward only if your name, date of birth and gender in your Aadhaar records match your details that are available with the EPF. Accordingly, if there are mismatches in your record, make it a point to make the corrections wherever needed. Moreover, while making an online claim, you will receive an one-time password (OTP) for authentication over SMS from the Aadhaar authority. So, make sure that the phone number that you have registered with Aadhaar is in working condition.


For the online claims facility to work, you also need to submit your bank account information-account number, name as in bank records and IFSC code. Also, if you have not been an EPF member for 5 years, and want to make a claim for permanent settlement, you will also need to submit your PAN number.


Once you submit these details, click 'Save' on the page. After this, these documents will be listed under 'pending KYC' on the same page. It could take between one and two weeks for the approval, according to EPF officials. Once a particular document is approved, it will be listed under 'approved KYC' on the same page.


After you have your Aadhaar, bank details and PAN under the 'approved KYC' list, you are eligible to submit an online claim for withdrawals.



Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to Invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Tata India Tax Savings Fund 

3. Birla Sun Life Tax Relief 96

4. ICICI Prudential Long Term Equity Fund

5. Invesco India Tax Plan

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Sundaram Diversified Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300





Popular posts from this blog

Tata Mutual Fund

Being a part of the Tata group, the fund has the backing of a very trusted brand name with strong retail connect. While the current CEO has done an excellent job in leveraging the Tata brand name to AMC's advantage, it is ironic that this was just not capitalised on at the start. Incorporated in 1995, Tata Mutual Fund remained an 'also-ran' fund house for around eight years. Till March 2003, it had a little over Rs 1,000 crore in assets and 19 AMCs were ahead of it. But soon after that the equation changed. It was the fastest growing fund house in 2004 and 2005. During these two years, it aggressively launched six equity funds, two debt funds and one MIP. The fund house as of now stands at No. 8 in terms of asset size. This fund house has a lot to offer by way of choice. And, it also has a number of well performing schemes. Tata Pure Equity, Tata Equity PE and Tata Infrastructure are all good funds. It also has quite a few good debt funds. The funds of Tata AMC are known to...
Read more

UTI Mutual Fund

Even though only a few of UTI’s funds are great performers, this public sector fund house has many advantages that its rivals do not. It has a huge base of retail equity investors and a vast distribution network. As a business, it looks stronger than ever, especially in the aftermath of credit crunch. UTI is, by a large margin, the most profitable fund company in the country. This is not surprising, since managing equity funds is more profitable than debt. Its conservative approach and stable parentage is likely to make it look more attractive to investors in times to come. UTI’s big problem is the dragging performance that many of its equity funds suffer from. In recent times, the management has made a concerted effort to improve performance. However, these moves have coincided with a disastrous phase in the stock markets and that has made it impossible to judge whether the overhaul will eventually be a success. UTI’s top performers are a few index funds, some hybrid funds and its inf...
Read more

Salary planning Article

1. The salary (basic + DA) should be low. The rest should come by way of such allowances on which the employer pays FBT and you don't pay any tax thereon. 2. Interest paid on housing loan is deductible u/s 24 up to Rs 1.5 lakh (Rs 150,000) on self-occupied property and without any limit on a commercial or rented house. 3. The repayment of housing loan from specified sources is also deductible irrespective of whether the house is self-occupied or given on rent within the overall ceiling of Rs 1 lakh of Sec. 80C. 4. Where the accommodation provided to the employee is taken on lease by the employer, the perk value is the actual amount of lease rental or 20 per cent of the salary, whichever is lower. Understandably, if the house belongs to a family member who is at a low or nil tax zone the family benefits. Yes, the maximum benefit accrues when the rent is over 20 per cent of the salary. 5. A chauffeur driven motor car provided by the employer has no perk value. True, the company would...
Read more

8 Investing Strategy

The stock market ‘meltdown’ witnessed since the start of 2005 (notwithstanding the recent marginal recovery) has once again brought to the forefront an inherent weakness existent in our markets. This is the fact that FIIs, indisputably and almost entirely, dominate the Indian stock market sentiments and consequently the market movements. In this article, we make an attempt to list down a few points that would aid an investor in mitigating the risks and curtailing the losses during times of volatility as large investors (read FIIs) enter and exit stocks. Read on Manage greed/fear: This is an important point, which every investor must keep in mind owing to its great influencing ability in equity investment decisions. This point simply means that in a bull run - control the greed factor, which could entice you, the investor, to compromise with your investment principles. By this we mean that while an investor could get lured into investing in penny and small-cap stocks owing to their eye-...
Read more

Debt Funds - Check The Expiry Date

This time we give you an insight into something that most debt fund investors would be unaware of, the Average Portfolio Maturity. As we all know, debt funds invest in bonds and securities. These instruments mature over a certain period of time, which is called maturity. The maturity is the length of time till the principal amount is returned to the security-holder or bond-holder. A debt fund invests in a number of such instruments and each of these instruments would be having different maturity times. Hence, the fund calculates a weighted average maturity, which would give a fair idea of the fund's maturity period. For example, if a fund owns three bonds of 2-year (Rs 30,000), 3-year (Rs 10,000) and 5-year (Rs 20,000) maturities, its weighted average maturity would be 3.17 years. What is the big deal about average maturity then, you may ask. Well, knowing a fund's average maturity is important because it tells you how sensitive a fund is to the change in interest rates. It is ...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now