How to update KYC in your EPF account? Check here step-by-step guide

1 year ago 35

NEW DELHI: The

Employees’ Provident Fund Scheme

, launched under the Indian Trusts Act of 1882, aims to provide financial security to employees upon retirement through contributions from both employers and employees. Administered by the Employees’ Provident Fund Organisation (

EPFO

), the scheme entails employees contributing a portion of their salary to their PF account, accessible upon retirement, resignation, or to their family in case of the employee's demise.

Given contemporary concerns regarding online fraud and security breaches, EPFO mandates all working professionals to update their KYC (Know Your Customer) details. This update fosters regulatory compliance and also facilitates seamless transactions and expedites claim settlements, thus enhancing the efficiency of the EPF system.
Here is a comprehensive guide on how to update EPF KYC online in 2024.
Documents needed to update EPF KYC

Aadhaar card
Permanent Account Number (PAN) card
National Population Register (NPR) card
Details of a valid bank account
Passport number
Driver’s licence
Election card
Ration card

Here is a step-by-step guideline to update EPF KYC:
Step 1: Visit the official EPFO website

On the EPFO portal, click on ‘Services’ tab provided on the homepage and select ‘For Employees’.

Step 2: Log in to your UAN Member Portal

Under the 'Service' section, click on ‘Member UAN/Online Service (OCS/OTCP)’.
Log in using UAN and password.

Step 3: Go to KYC Update Section

After logging in, go to the ‘Manage’ tab, and select ‘KYC’.

Step 4: Update necessary details

Check necessary documents need to be updated such as Aadhaar, PAN, bank account and more.
Select the document type, enter relevant details and save.

Step 5: Approval of KYC Details

The updated details will be sent to the employer.
Once approved, the details will be marked as 'Verified' in the EPF account.

Step 6: Check KYC Status

You can check the status of your KYC update by selecting the 'Manage' tab and then going to 'KYC' again.
The status will be displayed on the webpage.

Article From: timesofindia.indiatimes.com

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