Saturday, February 08, 2025
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Personal Finance
  5. Activate your UAN by January 15 for EPFO's ELI scheme benefits: Step-by-step guide

Activate your UAN by January 15 for EPFO's ELI scheme benefits: Step-by-step guide

The EPFO has extended the deadline to activate your UAN and link it with Aadhaar to January 15, 2025. Employees must complete this process to access benefits under the ELI scheme, which offers incentives like wage subsidies, manufacturing job benefits, and employer reimbursements.

Edited By: Nitin Kumar @Niitz1 New Delhi Published : Jan 14, 2025 17:31 IST, Updated : Jan 14, 2025 17:31 IST
UAN EPFO
Image Source : FILE PHOTO Representative Image

The Employees’ Provident Fund Organisation (EPFO) has extended the deadline for activating the Universal Account Number (UAN) and linking it with Aadhaar to January 15, 2025. This extension follows earlier deadlines of 30 February to 15 February 2024. Employees are advised to complete this process promptly to access benefits under the Employment Linked Incentive (ELI) scheme.

Why UAN activation is important?

UAN, a unique 12-digit identifier, facilitates provident fund management and financial transactions. It is mandatory for employees claiming benefits under the ELI scheme introduced in Budget 2024 to increase efficiency in the formal sector.

Emphasising the importance of linking Aadhaar with your bank account for ELI benefits, EPFO ​​said on social media, "Seeding Aadhaar with your bank account is essential to avail ELI scheme benefits. Avoid last-minute hassles—complete the process today!"

Step-by-step guide for UAN activation

  1. Go to www.epfindia.gov.in and go to 'For Employees' section under 'Our Services'.
  2. Select 'Member UAN/Online Services' and click 'Activate your UAN'.
  3. Provide important details like UAN, name, date of birth, mobile number. Complete the CAPTCHA.
  4. Use the OTP sent to your mobile number to activate your UAN.

Understanding the ELI Scheme

The ELI Scheme provides incentives aimed at job creation, e.g.

  • Wage subsidy: One month’s wage in three installments for first-time employees earning up to ₹15,000.
  • Manufacturing jobs incentive: EPFO-linked benefits for the first four years of employment.
  • Employer reimbursement: Up to Rs 3,000 per month per additional employee for two years.

Act now to secure your benefits

With the January 15, 2025, deadline approaching, employees and employers must act swiftly to avoid missing out on these valuable benefits. Complete your UAN activation and Aadhaar seeding today to unlock the full potential of the ELI scheme.

Also read | ITR filing deadline: Last 2 days to file late income tax, penalty, how to file return after due date?

 

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business and Personal Finance Section

Advertisement
Advertisement
Advertisement
Advertisement