how to update bank account details in epf
How to Update Bank Account Details in EPF: Members of the EPF should verify that their bank account information is accurately maintained within the EPF Portal and that their EPF account remains in an active status. Inaccurate Bank and KYC details may result in the EPF amount not being credited to your bank account.
The EPFO provides the option for subscribers to conveniently update their contact details through an online platform also called EPF Portal or EPFO Portal. To utilize this service, account holders need to have their Universal Account Number (UAN) readily available. The UAN serves as a centralized reference for consolidating multiple Member IDs (PF Accounts) assigned to an individual by various organizations.
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Step 1: Visit EPFO’s Member Portal
Step 2: Log in to your account with your UAN UserName and Password
Step 3: Go to the Manage tab in the Top Menu Section and select the ‘KYC’ option from the drop-down menu
Step 4: Select Bank
Step 5: Now, Update your bank account details there, including IFSC code
Step 6: Click on Save. The details can be found under the “KYC Pending for Approval” section
Step 7: Submit all the necessary documents required for approval to your employer.
Your employer should must approve the bank account information before it can be reflected / changed in EPFO’s records.
To expedite the procedure, the employee should request approval personally as well from his or her employer for the modification of bank account information in the EPFO’s records.
Once Approved the status will be displayed in EPFO portal under “Digitally Approved KYC“
Once approved member will also receive a confirmation SMS from EPFO on their registered mobile number.
Also Know: How to Check Pension Status on EPFO Portal
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