Know what is EPF UAN and how to update your bank account details for EPFO

tech.hindustantimes.com:

All employees should be up to date with one of the most important aspects of their lives - money being saved for their retirement. This happens through the Employees' Provident Fund account. One aspect related to this is UAN. We tell you here what is EPF UAN and how to update your bank account details for EPFO. The importance of Employees' Provident Fund Organisation is increasing by leaps and bounds as is clear from the rising numbers. EPFO has recorded a substantial rise in the number of net subscribers under its ambit. The EPFO has released the provisional payroll data on December 20, 2021, stating that around 12.73 lakh net subscribers were added in October, 2021.The organisation has been updating its members to avail various services online, and keep all their details updated so that they do not lose out. EPFO has instructed its members to update their bank account details in their Universal Account Number (UAN) online too.

Also, as a warning, EPFO has instructed its members to not share personal details like Aadhaar card number, PAN number, UAN number, bank account details or OTP on any social media platform like phone, social media, WhatsApp and others. The EPFO says it never asks anyone to share any such details or deposit any money through WhatsApp or social media, for any service. Furthermore, the EPFO has advised its members to never respond to any calls or messages by strangers that ask for their EPF details. All these steps are required to stop fraudsters.

EPF UAN stands for Universal Account Number to be allotted by EPFO. The UAN will act as an umbrella for the multiple Member IDs allotted to an individual by different establishments. The idea is to link multiple Member Identification Numbers (Member ID)