EPFO- How to Update Bank Details in Your EPF Account?

Employees' Provident Fund (EPF) members should make sure their bank account information is current and correct, and that their EPF account is active. Employees Provident Fund Organisation (EPFO) subscribers can now update their bank details with the EPFO online. To use this service, account holders must have their Universal Account Number (UAN) handy. The UAN will act as a central repository for an individual's various Member IDs assigned by various organisations.

What is EPF?

EPF (Employees' Provident Fund) is a retirement benefits scheme administered by the Employees' Provident Fund Organization (EPFO). The employee and the employer each contribute 12% of their basic salary and dearness allowance to the EPF scheme on a monthly basis.

What is UAN?

EPFO will provide you with a UAN (Universal Account Number). The UAN will act as a repository for the various Member Ids assigned to a person by various establishments. The concept is to associate multiple Member Identification Numbers (Member Id) assigned to a single member under a single Universal Account Number. This enables the member to view the details of all the Member Identification Numbers that are associated with it.

How to update bank details in your epf account?

• Log in to the EPFO's member portal using your username and password.
• Go to the 'Manage' option in the top menu.
• Then, from the drop-down menu, select the 'KYC' option.
• Select 'bank' as the document type.
• Now, update your account information, such as your bank account number and IFSC code, and click 'Save' to proceed.
• Once your information has been saved, you can find it under the 'KYC pending for approval' option.
• Submit the document proof to your employer next.
• Once your employer has verified your documents, the status will be displayed in the EPFO portal under 'Digitally Approved KYC'. After approval, you will also receive an SMS on your registered mobile number.