Latest news with #PF
India Today
16 hours ago
- Business
- India Today
Need your UAN? Here's how to get it and manage your PF smoothly
Your UAN is a unique 12-digit number given to every employee who contributes to the Employees' Provident Fund (EPF). It acts like a master key for all your PF accounts, even when you switch jobs. Without it, you can't check your PF balance, file claims or transfer funds DOES UAN HELP YOU?The best part about the UAN is that it never changes, even if you change companies many times. It links all your old and new PF accounts, making it easier to track your savings and manage your funds without your UAN is active, you can check your passbook, claim status, update KYC, and transfer your PF money online, all in just a few TO FIND YOUR UAN ON THE EPFO WEBSITE To discover your UAN online, start by visiting the EPFO Member e-Sewa official website. On the homepage, look for the 'Know your UAN' link below the login this link will redirect you to a page where you must enter your mobile number and complete a captcha code. Next, click on 'Request OTP,' and an OTP will be sent to your mobile via verifying your mobile number with the OTP, you will need to provide your name, date of birth, and either your Aadhaar number, PAN, or EPF member ID. If your details match those held by the EPFO, your UAN will be sent to your mobile number via WAYS TO GET YOUR UANadvertisementIf the online portal isn't accessible, there are alternative ways to find your UAN. Employers often include UANs in monthly salary vouchers, so checking your payslip might be helpful. Alternatively, your HR or payroll department can provide the option is the UMANG app, where, if logged in, you can view your UAN in the EPF section under your TO DO AFTER GETTING YOUR UANOnce you have obtained your UAN, it's essential to activate it on the EPFO Member e-Sewa website. Activation allows you to create a password and log in to access services like viewing your PF passbook or editing your KYC your Aadhaar, PAN, and bank accounts to your UAN facilitates faster claim processing and enhances your EPFO experience. Also, keep your mobile number updated in the EPFO records so you don't miss any alerts or updates.- Ends
Time of India
18 hours ago
- Business
- Time of India
Firms tighten checks as moonlighting rises
Bengaluru: Amid lower single-digit salary hikes and growing job market unpredictability, the industry is witnessing a sharp rise in moonlighting-related verifications. Companies now scan for overlapping employment—clear indicators of concurrent roles or undisclosed prior engagements. Such discrepancies are automatically flagged and escalated for client review. The final determination of risk or policy breach rests with the client, guided by their internal policies, risk tolerance, and candidate discussions. Background verification firm OnGrid reported a surge in screening activity. In the first six months of the current year, it processed 23,000 employment verifications—already 87% of the total 26,000 conducted last year. A key driver is employment history checks, often used to detect moonlighting. These checks flagged 2,900 cases in the first half of this year, up from 2,201 in all of last year. OnGrid tracks Universal Account Numbers (UANs), employment timelines, and personal records to spot overlapping jobs and undisclosed roles. Manav Jain, chief business officer at OnGrid, said that post-pandemic, with the rise of remote, hybrid, and freelance models, moonlighting cases increased. The flexibility of these arrangements made it easier for some to take on secondary jobs. Economic factors also push professionals to seek backup income or job security. During the pandemic, many employees were not fully engaged during typical work hours, and without robust monitoring tools, some used the extra time to take on additional work, which over time became habitual for some. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Rahul Maheshwari, former Google employee and founder of edtech platform Linux Socials, said many professionals are turning to teaching as a side gig to cope with job uncertainty. "Several work as freelancers, taking teaching assignments without going through the PF route. I currently have around 20 professionals from top MNCs who double up as instructors on the platform—many are here to cope with the current instability," he said. Maheshwari himself was asked to stop sharing tutorials on YouTube and LinkedIn after HR classified it as moonlighting. Though he insisted teaching wasn't moonlighting, he resigned to avoid friction—even though it didn't interfere with his day job. Background verification firm AuthBridge reports that 5 out of every 100 candidates engage in dual employment. Nearly 90% of these cases come from the IT services sector, mainly in Telangana, Karnataka, and Tamil Nadu. In one case, a developer was simultaneously employed at five companies, including two direct competitors. AuthBridge uncovered this overlap through PF records and Form 26AS. The shift to remote work during Covid also sparked a surge in multi-employment cases. OnGrid found one candidate joined 50 companies in a single year, worked seven years with 141 employers on record. In 2021, she added 21 more employers and was simultaneously on payroll at 10 companies. This included full-time roles at big names, startups, and established MNCs—not just freelance or contract work. In 2022, Wipro chairman Rishad Premji said that the company fired 300 employees in the past few months for working for direct competitors while being on the rolls of Wipro. Traditional background checks—focused solely on verifying previous employment—can no longer catch these complex cases. That's why companies are moving toward comprehensive employment history checks (EHCs), which reveal undisclosed concurrent employment and other hidden risks. "In today's hybrid and remote environments, the risk of dual employment is too high to ignore. We strongly advise all clients to adopt EHCs as an essential tool for thorough risk mitigation—not just a checkbox in the hiring process," Jain added.
United News of India
2 days ago
- Politics
- United News of India
AP: Midday meal workers, school Aayas stage dharna for wage arrears
Kakinada, June 30 (UNI) Mid Day meal workers and School Aayas owing allegiance to CITU led union staged dharna in front of the Collectorate here today demanding payment of pending wage arrears. They raised slogans demanding releasing of pending bills and wages to the midday meal workers and six months wage arrears to School Aayas. Addressing the demonstrators CITU National vice president G Babyrani, district president Duvva Seshu Babji and district secretary Chandramalla Padma alleged that the officials were pressuring Midday meal workers for payment of mamuls in the name of Temple and the School Aayas in the name of school management committee. They questioned the government over non-payment of wages for months together. They also questioned the propriety of the government in not implementing the labour laws. They demanded implementation of PF, ESI and minimum wages to the midday meal workers and school Aayas. They warned of state wide agitation if the harassment and illegal removal of midday meal workers and Aayas is not stopped. CITU working committee member Shaik Padma, Y Satyanarayana, Kalla Nageswerarao, district general secretary Chekkala Raj Kumar, Midday meal workers union secretary Karaku subbalakshmi were among those attended. UNI XR KNR RN
India.com
3 days ago
- Business
- India.com
EPFO Interest Rate Update: Has 8.25% Interest Rate Money For FY 2024-25 Been Credited Into Your Account? Heres How To Check It
New Delhi: Ever since EPFO's announcement on Provident Fund (PF) interest rate for FY 2024-25, members have been eagerly waiting for the interest rates to be credited into their account. Although there is no official word from EPFO yet, some subscribers have reported to have received the interest rate money in their account, say media reports. PF subscribers can check their PF Balance from the comfort of home using four different ways --check PF balance using SMS, online, missed call and UMANG App. Know how to check EPF account balance ONLINE Log on to Feed in your UAN number, password and captcha code Click on the e-Passbook Once you file all the details, you will land up on a new page Now open member id Now you can see the total EPF balance in your account How to check EPF balance through UMANG App Open the UMANG App Click on EPFO. Click on Employee Centric Services Click on the View Passbook option Feed in your UAN number and password You will get OTP on your registered mobile number Now you can now check your EPF balance How to check EPF balance through SMS Apart from the mobile number, the members registered on the UAN portal may get their PF details by sending an SMS from their registered mobile numbers. For this, you are required to SMS 'EPFOHO UAN' to 7738299899. How to check EPF balance through MISSED Call EPFO subscribers, registered on the UAN portal, may get their PF details available with the Employees' Provident Fund Organisation by giving a missed call at 011-22901406 from their mobile number registered with UAN.
Hans India
3 days ago
- Business
- Hans India
AI set to transform retirement planning
ArtificialIntelligence, AI, the buzzword these days is seen as both blessing and anathema depending on how one would look at or use it. AI isn't just transforming or would be transforming how we work but also how we plan for retirement. The consensus is the disruption of traditional career paths. The earlier norm of working till 60 or 65, while accumulating a decent corpus to consume for the next 20 or 25 years is now defunct. The changing landscape on the work and career has deep impact on how we retire into the future. Job displacement at the initial stages is the biggest risk till adaptation gains ground. As job switches frequent, the continuity for investing for long could take a back seat. Also, fragmented careers could alter the proportion of savings towards short term to relatively higher levels than the current norm. This could increase the share of unproductive or underproductive savings particularly by those who're beginning their careers. With career path remaining hazy, the other goals could be either delayed or less prioritised, altering the whole financial planning. Another silent demographic revolution is the increased lifespan, thanks to the advancement inhealthcare and medicines. The current life expectancy of close to 71 is projected to reach over 75 by 2050 (UN). This could turn double whammy as retirement savings shrink pushing the retirement age further. Here, the blessings of AI could act in our favor. McKinsey estimates up to 30 per cent of tasks could be automated by 2030 which could allow us to free up time for pursuing interests, hobbies, etc. As AI automates the mundane activities, it could help individuals to focus more on human-centric skills like creativity, emotional intelligence, negotiations and leadership. The culture of gig-work could come in handy as many find ways to generate additional sources of income through these vocations and so the traditional retirement concept is broken, allowing to participate in semi-work force beyond the retirement age. This could mean fewer employer-sponsored retirement benefits, though the govt. is trying to adjust laws to the changing reality. Only 6 per cent of India's workforce has formal pension coverage (EPFO/NPS). Passive income through side hustles and freelancing now find more in priorities as we explore to diversify the income streams. A phased retirement where one could transition to part-time or consulting roles instead of full retirement is one solution. So, a more flexible approach to retirement helps rather than a fixated age-based approach. A 2023 PGIM MF study found that 72 per cent of the urban Indians fear outliving their savings. Maxing out on the tax-advantaged instruments like NPS, PPF, PF and other retirement-oriented solutions turns critical than ever, even as a higher proportion is locked for contingency. Use of some of these avenues especially to compensate for the lack of employer plans is essential now. Also, structuring the investments beyond the traditional markets i.e., alternatives could help along with an exposure to AI oriented businesses/stocks. With limited social security net, it's highly imperative for the current and next generations to build a formidable nest-egg to have a relaxed retirement. Even post-retirement savings or corpus management becomes crucial as avenues for senior citizens are limited. According to a Crisis study of '22, the average Indian's retirement corpus lasts 8-12 years post-retirement (assuming retirement at 60 and life expectancy of 70-75) A steep medical expense could devastate the entire retirement planning. Though, the govt. recently brought down the universal age for medical insurance cover, the extent of cover may not be sufficient. So, a proper health insurance should be availed at a younger age to gain the vintage (to cover preexisting diseases). While hope can't be a strategy, AI could possibly benefit us in reducing the health care costs. With urbanisation gaining momentum, assumption to have govt or family support is flawed. A self-reliant solution is the need of the hour. Be psychologically prepared that unlike our grandparents or many of our parents, a stable post-retirement income is difficult. The author is a partner with 'Wealocity Analytics', a SEBI registered Research Analyst firm and could be reached at [email protected]
