A secure, long term investment tool and retirement savings option, the Employees’ Provident Fund (EPF) allows members to withdraw full or partial funds under specific conditions. While partial withdrawal is permitted even before retirement, final settlement is approved only after you leave employment.
You are eligible to open an EPF account if your basic pay and dearness allowance are up to ₹15,000, and you can add the voluntary provident fund (VPF) option if the basic pay and DA exceed ₹15,000 per month.
UAN activation shifted to Umang app
Notably, the EPFO has discontinued Universal Account Number (UAN) activation and new UAN generation through the portal and shifted both services to the Umang app with Aadhaar-based Face Authentication (FAT) requirement.
The overhaul follows a major database consolidation and software upgrade that, according to EPFO, is aimed at making its online services faster and more reliable.