The EPFO (Employees’ Provident Fund Organisation) has extended the deadline for activating the Universal Account Number (UAN) and linking bank accounts with Aadhaar to February 15, 2025. This extension allows employees more time to fulfil the mandatory requirements for availing benefits under the Employment Linked Incentive (ELI) Scheme. The announcement was made by the Ministry of Labour and Employment in a circular issued on February 2, 2025.
The Universal Account Number (UAN) is a 12-digit unique ID assigned to EPFO members. It helps employees manage their provident fund (PF) accounts, check balances, track transactions, and withdraw funds easily.
Activating UAN gives employees access to EPFO’s online services, such as:
The Employment Linked Incentive (ELI) Scheme aims to boost formal employment and ensure that benefits are transferred directly to employees’ Aadhaar-linked bank accounts.
In the Union Budget 2024, FM, Nirmala Sitharaman introduced 3 types of ELI schemes (A, B, and C). Employees must activate their UAN and link Aadhaar by November 30, 2024, to be eligible for benefits.
EPFO has emphasised the need to link Aadhaar and bank accounts to enable smooth disbursement of benefits under the Direct Benefit Transfer (DBT) scheme. This ensures that incentives and PF benefits are credited directly to the beneficiary’s bank account without delays.
To activate UAN and link Aadhaar before the deadline, follow these steps:
Employees must complete their UAN activation and Aadhaar linking before February 15, 2025, to avoid issues with EPF withdrawals and ELI Scheme benefits. Delays in updating these details could result in difficulties accessing funds and other employment-related incentives.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 10, 2025, 9:48 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates