EPFO Extends Deadline for UAN Activation and Aadhaar-Bank Account Linking
MAS Team | 15 January 2025
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The Employee Provident Fund Organisation (EPFO) has announced a significant extension for Universal Account Number (UAN) activation and Aadhaar-bank account linking to January 15, 2025. This extension comes after previous deadlines of 30 November 2024 and 15 December 2024, reflecting the organization's commitment to ensuring comprehensive compliance.
 
The UAN, a crucial 12-digit identifier for managing provident fund accounts, has taken on increased importance due to its connection with the newly introduced Employment Linked Incentive (ELI) Scheme. This activation and subsequent Aadhaar-bank account linking are mandatory prerequisites for accessing ELI benefits, as confirmed by EPFO's official communications.
 
The ELI scheme, introduced by Finance Minister Nirmala Sitharaman in Budget 2024, comprises three distinct components designed to boost employment and support various stakeholders. Type A focuses on first-time employees, offering one month's wage (up to Rs15,000) distributed in three installments. Type B targets job creation in the manufacturing sector, providing incentives for employing first-time workers through EPFO contribution benefits over four years. Type C supports employers by offering reimbursement of up to Rs3,000 monthly for two years towards EPFO contributions for additional employees.
 
EPFO has streamlined the UAN activation process into seven straightforward steps through their official website, making it accessible for all employees. However, while the framework for these initiatives has been established, the government has yet to announce specific implementation dates and detailed guidelines for the ELI scheme.
 
This comprehensive approach demonstrates EPFO's efforts to modernize employment benefits while ensuring proper documentation and verification through digital integration of various identification systems.
Dear Investor,
In case of any grievance / complaint :
  • Please contact Compliance Officer Shraddha Mhatre at [email protected] and Phone No. - 91-22-35131664.
  • You may also approach CEO Debashis Basu at email- id [email protected] and Phone No. - 91-22-35131664.