provides automatic portability of Provident Fund account on change of employment if the employee ha...........

Economic Affairs Financial Inclusion

__________provides automatic portability of Provident Fund account on change of employment if the employee has activated his UAN by seeding his Know Your Customer details (through the employer).

Labour Account Number

Universal Account Number

Single Account number

None of the above

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Explanation:

2nd option is correct.

UAN refers to the Universal Account Number introduced by EPFO India. It is a unique 12-digit number assigned to an employee by EPFO India. The EPFO UAN number will act as a marker of identity for an employee till his/her retirement. In order to generate a UAN number, an employee needs to be registered with EPFO services and should contribute to the Employee Provident Fund Account. The major motive behind the launch of UAN is to link multiple PF account numbers allotted to a single employee by different organizations under one single account. In case an employee is already registered with EPFO services and has a UAN number, then he/she has to provide the same on joining a new organization so that the new employer can link the new member Identification number of the organization to his/her existing Universal Account Number.