UID to replace individual PF numbers
We could soon see PF number being replaced by UID (Unique Identification Number) as the member PF code, after its introduction. This would save the trouble of the Employer issuing a new PF employee code and thereafter liasoning with the PF authorities in case of any transfer of the PF accumulations. The employee is also saved the trouble of transferring the PF accumulations from one PF account to a new PF account when he changes employers.
“We are in the process of digitizing and inter-connecting all our offices. We are planning to use unique identification number as the subscribers account number after that,” Labour Secretary P C Chaturvedi told PTI. Digitalization and use of UID as PF A/c number would also facilitate the subscriber to apply for transfer and withdrawal online. The replacement of PF account number with the UID number will be done after inter-connecting all regional and sub offices of the Employees’ Provident Fund Organisation (EPFO) by March 2012.
Such initiative would make the system more transparent, reliable and a trusted source of investment. We hope ESIC also follows.
thanks for sharing such a valuable information.
It would be the best situation for HR persons.
Its great. And thanks a lot for sharing this type of new updates.
Dear Viral,
Thanks for your encouraging comments.