PF Alert: Employees’ Provident Fund Organisation (EPFO), the retirement fund body, allows subscribers to make withdrawals from their EPF Account. In order to ensure hassle free withdrawals, the members must have correct bank account in the records. There have been instances where people close their bank accounts but forget to change or update the new bank account in their EPF Account. Incorrect bank account details can lead to failure of credit transactions. Subscribers can rectify their incorrect bank account details through the EPFO portal.
PF Alert: Before You Update Bank Account Number
It is very easy to change bank account number in EPF database. But, you must have following 2 information.
- UAN Number – You may be aware that UAN is the key to all the EPF related services. You can’t acess UAN portal without this Number. In fact, this number is used as the user ID in the EPF member portal. Thus you must have this number. If you have forgot this number, check out your salary slip, it must be there. You can also find out your UAN number online.
- UAN portal Password – To login UAN member portal, you must have to password as well. This password would have been set at the time of UAN activation. If you still have not activated the UAN, you can do it from this page only. You would find the link just below the login box. You can also check out one of my post on UAN activation. If you have forgot the UAN password, you can immediately reset it from here.
PF Alert: How To Update Bank Account Details In UAN
- Step 1 – You need to visit “Unified Member Portal” and Login with “UAN and Password”.
- Step 2 – You need to click on ‘Manage Tab’. Then you need to select ‘KYC’ option from “Drop Down Menu”.
- Step 3 – You need to select ‘Documents’. You need to enter “Bank Account Number and IFSC”. After that click on ‘Save’.
PF members please note that after saving New Bank Details, it will show ‘KYC pending for approval’. You need to submit ‘Documents’ to employer. After documents verification by employer, ‘KYC pending for approval’ will change to ‘Digitally approved KYC’, EPFO said.