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The Universal Account Number (UAN) is a 12-digit number allotted to employees who contribute to an EPF. A UAN is generated for each PF member by the EPFO. The UAN acts as an umbrella for the multiple Member IDs allotted to an individual by different establishments and remains the same throughout the lifetime of an employee.
A PPF account holder can deposit a maximum of ₹ 1.5 lacs in his/her PPF account (including those accounts where he is the guardian) per financial year. There must be a guardian for PPF accounts opened in the name of minor children. Parents can act as guardians in such PPF accounts of minor children.
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National Pension System is a defined contributory pensions introduced by Government of India. It is mandatory for all Central Government employees with effect from 1 January 2004. It extends to all citizens of India including workers of the unorganized sector on a voluntary basis with effect from 1 May 2009. [4]
Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
The goal is to provide reliable information that brings transparency in the use and reporting of public funds through an integrated government financial management system (PFMS).ICAS administers crucial Government payment system through PFMS and also responsible providing platforms for Direct Cash Transfers to all the Government agencies.
It is now very easy to apply online using Aadhaar based eSignature at Protean's (formerly NSDL e-Gov) website. One can register first at Protean's website. After registration, the applicant receives a token number. One can continue with filling form.