How to update bank details in EPF

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Last Updated on July 28, 2024 by Rajith Suvarna

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 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

How to update bank details without an employer 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.

Note: Please jump to the latest update section provided in this post for any new information regarding bank KYC approval, since EPFO keeps making changes.

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 UAN, Password, and Captcha and click the Sign-in button.

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

Step 5: Click on the Bank optionto 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

Note: Bank 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

Step 8: Tick the check box for 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

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

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

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 by mail or through call reminding your employer or hr department to approve your Bank KYC within a minimum of days.

Once the Employer approves your bank KYC. 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 by Employer

Latest Update

The EPFO has made two-step verification, where now the PF member’s bank KYC request to link their bank account number with the UAN account will go first to their respective banks and upon verifying your request by the bank, later on, it will go to an employer. Once your employer approves your bank KYC request, your bank account number will be linked with your UAN account number.

FAQs 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 then 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 an 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 will the employer take to approve bank KYC in EPF?

Ans. The bank KYC can be approved by the employer immediately or may 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.