mployees Provident Fund Organization i.e. EPFO has made a big change for crores of its subscribers. EPFO has now discontinued the facility of Universal Account Number i.e. UAN activation and generation of new UAN from its official website.
Now both these services have been shifted to ‘Umang’ app. Along with this, Aadhaar-based face authentication has been made mandatory to strengthen security. According to EPFO, this step has been taken to make online services faster and more secure after database consolidation and software upgrade.
Method to check status
To check whether UAN has been activated or not, go to the ‘UAN allotment and activation’ option under ‘UAN Services Through Face Auth’ in the Umang app. Enter your UAN, Aadhaar number and mobile number there, tick the consent box and click on ‘Send OTP’. If the process is successful, the message will appear on the screen – ‘The UAN entered is already activated’.
This year also interest rate will be 8.25%
The Finance Ministry has approved the interest rate of 8.25% on EPF for this financial year i.e. FY2025-26. This is the third consecutive time that subscribers are getting interest at the rate of 8.25%.
Withdrawal limit: It is necessary to maintain 25% balance.
As per EPFO rules, subscribers are required to maintain a minimum balance of at least 25% in their EPF account at all times. This means that if you want to withdraw money partially while on the job, you can withdraw only a maximum of 75% of your total funds. Full settlement is allowed only in case of leaving the job.
For example: If a subscriber has a total of ₹ 2 lakh deposited in his account (including employee’s and company’s share), then he will be able to withdraw a maximum of ₹ 1,50,000 as partial withdrawal, while the minimum balance of ₹ 50,000 will remain in the account.