How to Activate PF Account?
Hey guys! So, you are looking for provident fund's amount and account? PF is one of the most important financial benefits for salaries employees in India. This scheme not only helps you in your retirement time but also allows withdrawals during emergencies, such as if you sudden faced medical needs, home purchase and unemployment.
However, many employees, especially freshers most of the times asks, "How do i activate my PF account?"
If you have the same doubt, don't worry, this article is going to clear your all doubts about activation to any silly doubts and make this PF concept is crystal clear for you in the simplest way possible.
What is PF Account?
A Provident Fund account is managed by the Employees' provident fund organisation (EPFO). Now let's know how it works:
- Every month, a portion of your salary is deducted.
- Your employer also contributes the equal amount as you, every month.
- The total amount earns interest and creates a long term savings.
If you wanna have access PF service online, like you have to check balance, download passbook or withdrawal money, you must have to activate your PF account by activating your UAN.
What Is UAN? And Why Is It Important?
UAN stands for universal account number, which is a 12 digit unique number, provided by EPFO. Now let's understand the benefits of UAN:
- One UAN for all jobs.
- PF balances stays linked, even if you chance so many jobs or companies.
- Online PF withdrawal and transfer can be easy.
- Makes KYC and passbook access easy.
Activating your PF account is equals to activating your UAN.
Now, The Question is What Documents Required to Activate PF Account?
Keep the below mentioned documents ready before you going to start the process of PF activation:
- UAN number
- Aadhar Card
- PAN Card
- Bank Account Statement & details
- Mobile Number (Which is inked with your Aadhar card).
How To Activate PF Account Online (Step-to-step)
Step 1: Visit EPFO Member Portal Go to the EPFO member e-Sewa portal, then find the next step to go.
Step 2: Click On "Activate UAN" Find the "Activate UAN" option and then click on it to go further.
Step 3: Enter The Details Required Fill in;
- Your Name (As per the EPFO Record)
- UAN number
- Date of Birth.
- Mobile Number
Step 4: Now Verify the Number By OTP
- You will receive an OTP on you registered mobile number, which you filled in the previous step.
- Enter the OTP and then click on the validate.
Step 5: Create Password
- Set a strong password
- Confirm it by putting it twice.
Once these 5 steps are complete, your PF account is activated successfully.
Now the Question is, How will you know, Whether your PF account is activated or not?
1: Go to the EPFO members portal again. 2: Click on sign in 3: Log in using UAN and Password.
If you are able to "log in" in your PF account then it is active.
So, activating your PF accoutn is not difficult, but ignoring it can definitely create problems in future, if you will need money in urgent or you are going to change your job. By activating your UAN early, you can be able to unlock the services of EPFO and take control of your financial future. additionally jobjunoon.com is always here to support you, help you and guide you to grow in your future, financially and personally!