new delhi the retirement fund manager epfo plans to replace pf account number with unique identification number a move which will help in speedy transfer of a subscribers funds in case of job change and allow them to track their accounts onlineat present when a subscriber changes job it takes months to transfer provident fund money from one account to another as the records are required to be transferred from one office to the otherunder these circumstances a large number of subscribers often withdraw the entire money in their account and go for a fresh account with the new employerthe replacement of pf account number with the uid number will be done after interconnecting all regional and sub offices of the employees provident fund organisation epfo by march 2012we are in the process of digitizing and interconnecting all our offices we are planning to use unique identification number as the subscribers account number after that labour secretary p c chaturvedi told ptihe said besides expediting the transfer of funds from one office to another it would help reducing the number of withdrawals moreover every subscribers would be able to track his account onlineepfo has set a target of digitalizing the entire data in its regional and sub office by march this year in the first phase in second phase all offices would be interconnecteddigitalization and use of uid as pf ac number would also facilitate the subscriber to apply for transfer and withdrawal onlinein a pilot study conducted at epfos karnal office it was found that over 302 per cent of subscribers withdraw their pf within a year of joining service while 543 per cent do so by the end of the second yearepfo having a subscribers base of about 47 crore processes over 60 lakh claims every year it manages about rs three lakh crore of funds and receives an incremental deposit of over rs 25000 crore every year