The Ministry of Labour and Employment first launched the Employee's Provident Fund (EPF) in 1952. The ministry has actively managed and looked after the implementation of this fund since it contributes towards savings among working professionals in India. EPF scheme helps to provide social security to employees. It acts as a compulsory contributory fund for all employed professionals in our country.
Employees Provident Fund is an ideal scheme to build your savings throughout your career. However, it is mandatory to know your EPF account number to monitor all details of PF accounts. If you fail to receive your PF account number from your employer on time, make sure to note down your Universal Account Number (UAN) to manage your account.
Read along this blog to find details about how to find the account numbers and more.
PF account number, also denoted as an employee's provident fund (EPF) account number, is an account number that an employer allocates to their employees to check their EPF account status, balance available in their account, etc. Every employee must have a PF account number to withdraw from an EPF account.
Every employee must acquire their PF number while they are employed. Once they quit their jobs, it would be difficult for them to know their PF number. Moreover, since the introduction of Universal Account Number (UAN), it has become easier for employees to know the EPF number.
The UAN is a universal number that links multiple IDs given by different employers to an employee’s PF accounts. A UAN is 11-digit number allotted to every employee and it remains the same throughout his/her employment life. Employers can generate the UAN numbers for new employees by visiting EPFO's official portal.
The PF number is a 22-digit alphanumeric number, an employer provides to an employee during EPF account opening. This number entails various details of an organisation, employee, state, and regional EPF office that looks after EPF account activities. Every employer allots a PF number to an employee under the UAN. Thus, an employee can have multiple PF accounts under the same UAN.
Usually, it is the responsibility of an employer to register a new employee for a PF number and allocate it on time. Furthermore, the employer must ensure the EPF amount is getting deposited on time monthly to the employee's PF account. If an employee does not get a new PF account number at the time of joining, he/she must ask for this number.
Moreover, if you are changing jobs, you must know how to find the PF account number. Your next employer will need your PF number to find your UAN and then can assign you a new PF number.
In case, your employer fails to inform your PF account number, you can follow the below-mentioned steps to get the PF number:
EPF account numbers are an important component of an EPF scheme. Previously, employees were not allowed to borrow or move funds from one member ID to a new one unless and until they were issued an EPF number. However, the implementation of UAN has made this process simpler and easier. Now, the EPF account number acts as the primary identifier while the UAN is the secondary identifier of EPF accounts.
Apart from this, every employee must know how to get the PF account number for these reasons:
Therefore, it is no longer surprising why you should search for a PF account number if you misplace the same.
A PF account number comprises both alphabets and digits. Here is an example of what a PF account number looks like and every detail you get to know from this number.
Let us consider a PF number as “MHMUM00127800000001313”. This number reveals the following information:
The Employee Provident Fund (EPF) stands as an important source of income for retirement. If you have enough knowledge about your Universal Account Number (UAN), you must know how to find EPF no and easily access your EPF balance and withdraw funds during times of emergency.
It is mandatory to know about the PF account number while withdrawing money from the EPF account. Thus, it will be beneficial to know about your PF account number as soon as possible. Otherwise, it might get difficult after you leave your current organisation.
Related Articles:
1. How To Close Your PF Account Permanently?
2. Income Tax on EPF Withdrawal
3. EPF Interest Rate 2024
4. How To Withdraw PF Amount Online
5. PF Transfer Online
The Ministry of Labour and Employment initiated Employee's Provident Fund (EPF) in 1952. PF account number is crucial for EPF scheme. UAN simplifies EPF process. Ways to find your PF account number include salary slip, asking employer, and using UAN portal. It's vital to know PF account number for withdrawals and balance checks. PF number format includes state, office, and employee details.