Synopsis: Starting your first job? If your company is covered under EPFO, you’ll get mandatory membership of EPF, EDLI, and pension schemes. Here are 10 key things GenZ employees must know to manage their provident fund smoothly.
Entering the workforce for the first time can be exciting but also overwhelming, especially when it comes to understanding your employee benefits. For GenZ employees, the Employees’ Provident Fund Organisation (EPFO) provides financial security through EPF (Employees’ Provident Fund), EDLI (Employees’ Deposit Linked Insurance), and Pension Scheme.
If your basic wage plus dearness allowance is up to ?15,000, EPF membership is mandatory. Even if your salary exceeds ?15,000, membership in EPF, EDLI, and pension schemes still applies when your company is registered under EPFO.
Here are 10 key points GenZ employees must know before starting their first job:
- Filing EPF Form 11 – Mandatory for all employees; it initiates your EPF and pension journey, leading to UAN and member ID generation.
- Check Aadhaar, PAN, Bank Details – Ensure no spelling mistakes or mismatches across documents.
- Mobile Number Linkage – Use the Aadhaar-linked number for Form 11 submission.
- UAN Generation via Aadhaar – From August 1, 2025, UAN will be generated using Aadhaar-based Face Authentication on the UMANG app.
- Avoid Mismatches – Ensure your Aadhaar details, bank details, and EPFO records match exactly.
- Aadhaar-UAN Seeding – Mandatory for hassle-free withdrawals and claim settlements.
- UAN Online Services – Once activated, you can access passbook details, file claims, and track PF online.
- Rectify Errors Quickly – Correct any mistake in your eKYC (like joining date) via joint declaration.
- Single UAN, Multiple Member IDs – While UAN stays constant throughout your career, new employers issue fresh member IDs linked to the same UAN.
- UMANG App – Download it to access all EPFO services seamlessly.
For GenZ professionals, understanding these basics ensures that their retirement savings and benefits remain secure from day one of employment.
Disclaimer: This article is for informational purposes only. EPFO rules and procedures may be updated from time to time. Employees are advised to consult their employer or the official EPFO website for the latest guidelines.
