How to update bank details in EPF account
New Delhi, First published March 19, 2022, 3:03 PM IST
Members of the Employees Provident Fund (EPF) should always ensure that their bank details are up to date and whether the bank account linked to the EPF is active or not. Withdrawal requests may be delayed if the bank account number mentioned in the EPF account is closed or frozen. Incorrect details can also lead to credit failure of the EPF amount. Employees’ Provident Fund Organization allows customers to update all information online through its digital service.
Account holders must have their Universal Account Number to use this service. Let us also tell you how members can update their contact information online.
How to update bank details in EPF records
Step 1: Visit https://unifiedportal-mem.epfindia.gov.in/memberinterface/ to access your account
Step 2: Go to Manage tab and select KYC option
Step 3: Select Bank as document type. Enter name and IFSC, correct bank account number according to bank statements.
Step 4: Select “Save” from the drop-down menu.
Information to be provided to the employer:
Once saved, the data will appear under the “KYC pending approval” tab. Give the document to the employer. After verification of the documents by the employer, the KYC awaiting approval will be converted into ‘Digital Approved KYC’.
Remember that your employer must approve bank details before making any changes to EPFO records. In order to expedite the process, the employee should seek approval from their employer for the correction of bank account information on file with EPFO.
After successful verification of bank details by the employer, members will also receive a confirmation message from EPFO.
Enabling UAN has advantages. According to EPFO FAQs, once a member has activated their UAN on the Unified Portal, they can enjoy the following benefits
* Download/print your booklet at any time
* Download/print your UAN card.
* List all your member IDs in UAN.
* Online file transfer request via OTCP
* Update your KYC information.
Also Read: How Oil Demand Can Be Lowered by 2.7 Billion Barrels in 4 Months
Also read: ‘Don’t politicize…’ India opposes US ambushes over Russian oil deal
Last updated Mar 19, 2022 3:03 PM IST