UAN Activation Deadline: The Employees’ Provident Fund Organization has given another relief news for its account holders. EPFO has again extended the deadline for Universal Account Number (UAN) activation and Aadhaar linking. Now employees can complete this process by 15 January 2025. Earlier the last date was 15 December 2024.
Why is UAN and Aadhaar linking mandatory?
Employees of the Employees’ Provident Fund Organization (EPFO) who want to avail financial benefits under the Employment Linked Incentive (ELI) scheme, it is necessary for them to activate the Universal Account Number (UAN) and link their bank account with Aadhaar. This process is completed through Direct Benefit Transfer (DBT), through which eligible employees are given their benefits directly in their bank account.
What is ELI scheme?
The ELI (Employment Linked Incentive) scheme aims to encourage employment generation and provide financial assistance to employees. The scheme was introduced by Union Finance Minister Nirmala Sitharaman in the July 2024 budget.
There are three categories of ELI scheme
- Scheme A: Targets new employees joining EPF for the first time.
- Plan B: Promotes employment opportunities in the manufacturing sector.
- Scheme C: Provides incentives to employers.
Advantage of the new deadline
EPFO had extended the deadline for UAN activation and Aadhaar linking from 30 November 2024 to 15 December 2024. Now it has been extended once again and given time till 15 January 2025. This has brought great relief to those employees who had not completed this process till now.
Complete the process before the last date
If you want to avail the benefits under the ELI scheme, it is mandatory to complete UAN activation and Aadhaar linking on time. This scheme has been created to promote employment generation as well as provide financial security to the employees.
