UAN Activation and Aadhaar Bank Linking for ELI Scheme Benefits

As part of the government’s initiatives to promote ease of access to social security benefits, the Ministry of Labour and Employment has mandated the activation of Universal Account Numbers (UAN) and seeding of Aadhaar with the bank account of employees. These steps are critical for employees to receive benefits under the newly announced Employment Linked Incentive scheme (ELI scheme), which will be disbursed via Direct Benefit Transfer (DBT).

Key Dates to Remember

  • Earlier it was: November 30, 2024.
  • Target group: Employees who have joined after April 1, 2024.

What is UAN Activation and Aadhaar Seeding?

To avail the benefits of the ELI Scheme, it is mandatory for all eligible employees to have an activated UAN linked to their Aadhaar. The UAN is a unique number assigned to each employee, enabling them to access a variety of EPFO services through a unified portal. The Aadhaar seeding ensures that employees can receive their ELI benefits directly into their bank accounts via DBT.

Why is UAN Activation Important?

An activated UAN opens doors to several key EPFO services. Once activated, employees can:

  • View and download their PF passbook.
  • Submit online claims for withdrawals, advances, or transfers.
  • Update personal details such as address and contact information.
  • Track the status of claims in real-time.

Activation of UAN is essential for easy access to these services, saving time and effort while ensuring that employees remain connected to their retirement savings.

The Role of Aadhaar Seeding in Bank Accounts

For employees to receive their benefits under the ELI Scheme, their bank account must be linked to Aadhaar. This ensures that the benefits are directly transferred to the beneficiary’s account without any delays or errors. This step is crucial for ensuring a seamless process of receiving government benefits.

Seeding Aadhaar with Your Bank Account

For DBT disbursements to be processed smoothly, your bank account must be linked with Aadhaar. Follow these simple steps to complete the Aadhaar seeding process with your bank:

  1. Visit your bank’s online portal or mobile app.
  2. Locate the option for linking Aadhaar to your bank account.
  3. Enter your Aadhaar number and other required details.
  4. Verify your details and submit the request.
  5. You will receive an OTP for confirmation on your Aadhaar-linked mobile number. Enter the OTP to complete the seeding process.

Employer’s Role in Ensuring UAN Activation and Aadhaar Seeding

Employers play a crucial role in ensuring that all eligible employees have their UAN activated and Aadhaar linked to their bank accounts. As the benefits under the ELI Scheme will be disbursed through DBT, employers must ensure that employees who have joined since April 01, 2024, have completed these steps by the new deadline of December 15, 2024 (earlier it was Nov 30, 2024).

Employers can use the new feature on the EPFO Unified Portal to generate a list of UANs assigned after April 1, 2024, which have not been activated yet. This will allow them to follow up and encourage employees to activate their UANs.

By following these steps, both employees and employers can ensure smooth and timely activation of UANs and Aadhaar seeding, enabling seamless access to the ELI Scheme benefits.

In Conclusion:

The activation of UAN and the seeding of Aadhaar in bank accounts are vital steps in ensuring that employees can avail themselves of the Employment Linked Incentive (ELI) Scheme benefits under the Union Budget 2024-25.

By following the simple steps outlined above, you can complete the necessary formalities and benefit from these important social security services. EPFO continues to enhance the accessibility and efficiency of its services, making it easier for millions of employees to manage their retirement and social security benefits online.

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