How to update bank details in EPF

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How to update bank details in epf
How to update bank details in epf

The EPF members other than SBI bank account holders can update their bank details in EPF. But their Bank KYC request will be sent to their respective employers. Once their employers digitally signs and approves their Bank KYC request then only their bank account will be linked with their EPF account.

In the case of other EPF members holding a bank account in SBI bank. Their Bank KYC request will be sent to the SBI bank directly. Once the SBI bank verifies the bank details of the pf member. Then the bank digitally signs and approves the Bank KYC.

For SBI account holders, please follow the below link to update bank details in EPF

In this post, we will see how to update bank details in EPF for all the pf members who have a bank account other than SBI.

How to update Bank details in EPF

Follow the below steps carefully to successfully add your bank account (SBI) in EPF with your Employer’s Approval.

Step 1: Visit EPFO’s Unified Member Portal

Step 2: Enter your 12 digit UANPasswordCaptcha and click on the Sign-in button.

Sign in to the unified member portal
Sign in to the unified member portal

 

Step 3: Close the Alert dialogue box.

Step 4: Now go to the Manage menu and under it click on KYC

Select manage KYC for bank KYC  in EPF
Select manage KYC for bank KYC  in EPF



Step 5: Click on the Bank option to start the Bank KYC process.

Step 6: Under Bank Details, enter your Bank Account Number, confirm the same Bank Account Number and enter Bank IFSC

Enter bank details for bank KYC in EPF
Enter bank details for bank KYC in EPF



NoteBank Account Name will be fetched automatically as per the name on EPF records.

Step 7: Click on Verify IFSC button for Bank IFSC code verification. The IFSC verified message will appear on successful verification. Click on Ok.

Verify ifsc code for bank kyc in epf
Verify IFSC code for bank KYC in epf

 

Step 8: Tick the check box for the purpose of Aadhaar based authentication based on OTP as your identity proof.

Step 9: Click on the Save button to receive OTP on your Aadhaar linked mobile number. 

Save bank details for bank KYC in EPF
Save bank details for bank KYC in EPF

 

Step 10: Now, enter the 6 digits OTP received to your Aadhaar linked mobile number and click on Submit button.

Note: The OTP will be valid only for 10 minutes.

Submit bank details for bank KYC in EPF
Submit bank details for bank KYC in EPF
  • Now your bank account KYC request will be sent to your employer.
  • Initially, your Bank KYC will be in pending status. You can see your KYC Pending status under KYC Pending for Approval column of the UAN Portal.
Bank KYC Pending for Approval by Employer
Bank KYC Pending for Approval by Employer

 

The bank KYC will be approved by the Employer based on his/her willingness or availability.

Bonus Tip

  • Make sure you do the necessary follow-ups on the mail or through call reminding your employer or hr department to approve your Bank KYC within a minimum of days.

Once your bank KYC is approved by the Employer. You can see your Bank KYC approved status under the Currently Active KYC column of the UAN Portal.

Bank KYC approved in EPF UAN Portal
Bank KYC approved in EPF UAN Portal by Employer
 

FAQ’s related to updating Bank KYC in PF Account

Q1. How to update bank details in EPF?

Ans. Follow the above steps to update your bank details in EPF.

Q2. Who will approve my bank KYC in EPF?

Ans. If you’re an SBI account holder than your bank KYC will be approved by the SBI bank or else you’re bank KYC will be approved by the Employer.

Q3. Which bank is better for bank KYC in EPF?

Ans. If you’re a SBI account holder then your bank KYC will be approved by SBI bank and for other bank account holders bank KYC will be approved by the Employer.

Q4. How long does the employer will take to approve bank KYC in EPF?

Ans. The bank KYC can be approved by the employer immediately or mat take time based on the employer’s availability or other purposes. Make sure proper follow ups are done with your Employer to ensure bank KYC is approved quickly.