If you haven’t activated your Universal Activation Number (UAN) yet, you need to hurry! The deadline to activate your UAN and link it with Aadhaar is now January 15, 2025. This deadline has been moved back from earlier dates: first from November 30, 2024, to December 15, 2024, and now to January 15, 2025.
What is UAN?
UAN is a unique 12-digit number that helps you manage your provident fund accounts in one place. It makes it easier for employees to track and access their funds.
Why Activate UAN?
Activating your UAN is crucial if you want to benefit from the Employment Linked Incentive (ELI) scheme. This scheme was announced by Finance Minister Nirmala Sitharaman in the 2024 Union Budget, aimed at encouraging job creation in formal sectors.
To get benefits from the ELI scheme, you also need to link your Aadhaar with your bank account. The EPFO reminded everyone on X (formerly Twitter): “Make sure to link your Aadhaar with your bank account to enjoy the benefits of the ELI scheme. Do it soon to avoid last-minute trouble!”
How to Activate UAN:
1. Visit www.epfindia.gov.in.
2. Click on the ‘For Employees’ section.
3. Choose ‘Member UAN/Online Services.’
4. Click on ‘Activate your UAN.’
5. Fill in your details like UAN, name, date of birth, and mobile number. Complete the CAPTCHA.
6. You will receive an OTP on your registered mobile number. Enter it to activate your UAN.
Details of the ELI Scheme:
– First-time employees earning up to ₹15,000 can receive one month’s wage in three parts.
– It assists in job creation, especially in the manufacturing industry, and offers incentives linked to EPFO for the first four years.
– Employers can get up to ₹3,000 per month for every extra employee hired, for up to two years.
Make sure you act quickly and don’t miss this chance to benefit from the ELI scheme!
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