EPFO Update: Are you considering withdrawing your PF money? To do this, the first step is to update your bank account’s KYC on the EPFO portal. The good news is that you don’t have to visit any government office for this process. You can easily handle it over the phone. It’s important to note that updating your KYC in EPFO is necessary if you want to avoid significant tax deductions or if you plan to withdraw the entire PF amount or an advance. Additionally, keeping your KYC updated is crucial for smoothly transferring old funds to a new account when you change jobs.
Key Takeaways
Quick Read- How can you update your bank account's KYC?
- Things to remember
- How to check your KYC status?
How can you update your bank account’s KYC?
You can conveniently update your bank account KYC on the EPFO portal.
Visit the EPFO portal and click on KYC Updation (Member).
Log in to the Member e-Sewa portal using your UAN number and password.
Click on the Manage tab at the top of the homepage, then select the KYC option.
Next, click on the Bank button. Enter your new bank account number and IFSC code.
Then, input the OTP sent to the mobile number linked to your Aadhaar and submit.
After that, click on the PAN button, enter your PAN number, and submit it again using the OTP.
You will then see a status of Pending with Employer for digital signing.
Your KYC will be updated as soon as your employer approves it.
Key Highlights
Without completing KYC on Employees’ Provident Fund Organisation portal, you cannot withdraw PF funds.
KYC can be updated easily via the official Employees’ Provident Fund Organisation Member e-Sewa portal.
Complete the entire process from home using your mobile or computer.
OTP verification via Aadhaar-linked mobile number is mandatory.
Things to remember
There are several important points to consider when updating your bank KYC:
The name you enter in the bank account must match the EPFO records.
Additionally, ensure that the mobile number is linked to Aadhaar, as an OTP from Aadhaar is required during the final submission.
Always verify the IFSC code before entering it.
After submitting your request on the portal, please notify your company so they can approve the changes.
How to check your KYC status?
Once you’ve updated your bank account’s KYC, you can monitor its status on the portal.
Log in to the e-Sewa Portal.
Select KYC in the Manage Tab.
Go to KYC Records and check the Status column in Digitally Authorized KYC.
