EPFO Launches Online UAN Retrieval Solution, Easing The Process for Employees
Contents News/Article Date: 27th January 2024
Relating to which Act: The Employees Provident Funds & Miscellaneous Provisions Act, 1952
Penalty under the Act: Whoever, for the purpose of avoiding any payment to be made by himself under this Act [the Scheme, the [Pension] Scheme] or the Insurance Scheme] or of enabling any other person to avoid such payment knowingly makes or causes to be made any false statement or false representation shall be punishable with imprisonment for a term which may extend to one year, or with fine of five thousand rupees, or with both].
Applicable to which State: Whole of India
Type: ZEE news report
Pertains to: Establishments and Employers covered by the Act
Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing and Regulatory Compliances right from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Now Karma Global is also fully into labour compliances for nearly 18 years and is helping both establishments and workers for fulfilment of obligations as per the laws of the land. It has over 200 staff, both direct and indirect on its rolls and operates on pan India basis. Recently, it has diversified into foreign shores as well, into countries like US, UK, UAE, Canada, Philippines, and Asia for handling payroll, outsourcing, recruitment and governance.
And in the current instance: New Delhi: In the dynamic landscape of today’s job market, job transitions have become a common occurrence as employees seek new horizons and opportunities. Amidst these changes, the Employees’ Provident Fund Organisation (EPFO) stands as a cornerstone, playing a pivotal role in ensuring the financial security of individuals throughout their professional journeys.
Universal Account Number (UAN) is a crucial element of the EPFO system. It is a 12-digit identification that remains unchanged regardless of job transitions. Similar to Aadhaar, the UAN is crucial for various Provident Fund (PF) related tasks, underscoring the importance for employees to stay informed about their UAN numbers.
Yet, in the midst of the job changes individuals may sometimes overlook their UAN numbers. The positive aspect is that you can easily recover your UAN number from your home using the online services provided by EPFO.
Subject: EPFO Launches Online UAN Retrieval Solution, Easing The Process for Employees
Appended is the complete news item
EPFO Launches Online UAN Retrieval Solution, Easing The Process for Employees
Similar to Aadhaar, the UAN is crucial for various Provident Fund (PF) related tasks, underscoring the importance for employees to stay informed about their UAN numbers.
New Delhi: In the dynamic landscape of today’s job market, job transitions have become a common occurrence as employees seek new horizons and opportunities. Amidst these changes, the Employees’ Provident Fund Organisation (EPFO) stands as a cornerstone, playing a pivotal role in ensuring the financial security of individuals throughout their professional journeys.
Universal Account Number (UAN) is a crucial element of the EPFO system. It is a 12-digit identification that remains unchanged regardless of job transitions. Similar to Aadhaar, the UAN is crucial for various Provident Fund (PF) related tasks, underscoring the importance for employees to stay informed about their UAN numbers.
Yet, in the midst of the job changes individuals may sometimes overlook their UAN numbers. The positive aspect is that you can easily recover your UAN number from your home using the online services provided by EPFO.
For those who haven’t activated their UAN yet, the process lies with Karma Global:
Visit the office of Karma Management Global Consulting Solutions Pvt. Ltd. located at Santacruz East, Mumbai and also having offices on PAN India basis as well as offices in foreign countries like Canada, U.K. U.S.A. Middle East and South East Asia.
As we all know that under the Provident Fund and Employee State Insurance Corporation Act, it is mandatory to provide some contributory and health care benefits to employees for which there is some percentage contribution on the part of the employer towards each and every employee who is eligible for this purpose in the immediate and long-run while in tenure of service. These are also known as social security benefits that are governed and managed by Government bodies as per rules and regulations laid down and understood by all employers applicable by these Acts.
There are a series of procedures to be fulfilled in order to become eligible as per legal provisions and also similarly, there are a series of processes to be followed if one wants to reap the benefits so accrued to his Provident Fund account or avail of the various medical schemes if one who is covered by Employee State Insurance Corporation scheme was to experience bad health at some part of his working life. In this case, the Employee State Insurance Corporation benefits would include medical, cash, maternity, disability, and dependent benefits to the Insured Persons under the Employee State Insurance Corporation Act. The scheme provides full medical care to the employee registered under the Employee State Insurance Corporation Act, 1948 during the period of his incapacity, restoration of his health, and working capacity.
Karma Global has been providing these social security services including payment management since last 2 decades and has over 500+ clients for delivery of these services including other services like establishment and vendor management compliances.
In case of specific or general information or compliance updates for that matter, kindly reach out to the Marketing Team – kush@karmamgmt.com / yashika@karmamgmt.com