How can you update/change EPF bank account details?

How can you update/change EPF bank account details?

  • Subscribers must have the correct bank account in their records to ensure timely credit to the withdrawn fund.
  • Faulty bank information can lead to credit transaction failure.

EPFO (Employees Provident Fund Organization), a pension fund organization, permits subscribers to withdraw money from their EPF corpus. Subscribers must have the correct bank account in their records to ensure timely credit to the withdrawn fund. Faulty bank information can lead to credit transaction failure.

By Bank Bazaar

If subscribers have incorrect information, the same may be amended via the unified portal of EPFO.

All EPF-related processes have been simplified since the Universal Account Number (UAN) was introduced in 2014. The UAN, a 12-digit single code, links the members’ PF accounts and helps them to manage their online accounts.

An employee can now use the UAN to transfer funds, withdraw money, check the PF balance, and update information.

Here’s how one can update bank account details in EPF account online:

  1. Visit the EPFO’s member portal.
  2. On the upper menu find services and find for Employees.
  3. Login through username and password
  4. Go to the ‘Manage’ option in the top menu bar.
  5. Select the ‘KYC’ option from the drop-down.
  6. Select document type – bank.
  7. Add the correct bank account number and IFSC as per the bank records.
  8. Click on ‘save’
  9. Once the details are saved, it will be shown under the ‘KYC pending for approval’ tab.
  10. Now, submit the document proof to the employer and ask them to check and update.
  11. Once documents are verified by the employer, the status will be shown under the ‘Digitally Approved KYC’. Also, an SMS will be received on the registered mobile number.

How can you update/change EPF bank account details?

Rajat Singhhttps://bioinformaticsindia.com
Rajat Singh is the chief Author at Bioinformatics India, he has been writing for the past 3 years and has a special interest in SEO, Technology, Health, Life Sciences and gaming.

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