EPFO Update: How To Update Bank Account Details With EPFO For a Smoother Switch Of Monthly Pay?

EPFO Update: The Employees' Provident Fund Organisation (EPFO) keeps a track of the salary based on the details provided by the EPF subscribers including their bank account details. Hence, whenever an EPFO subscriber changes salary bank account, it is better to ensure that the details are updated on the EPFO portal as well.

How To Update Bank Details With EPFO?

When you switch your salary account, don't forget to update the bank account linked to your provident fund. Here are the key steps to update salary account details on EPFO records.

-The first step is to ensure that your new salary account is active and you are receiving salary in the new bank account. Ensure that KYC-compliant, and matches the name format on your Aadhaar and EPFO profile.
-Joint accounts should be set as "either or survivor."
- Verify that mobile banking and SMS alerts are functional, as these are crucial for OTPs and alerts during the process. Name or initial mismatches often cause KYC rejections and delays in claims.
-After ensuring that your new salary account is active and functioning properly, now log into the EPF member e-sewa portal using your UAN password, and captcha.
-Navigate to the "Manage" menu, select "KYC," and update your bank details.
-Enter your new account number, name as per bank records, and the correct IFSC code.
-Save the changes. Initially, the status will show as "pending," awaiting employer approval. After that, EPFO verifies the account with the bank before marking it "approved."

In another update, EPFO has streamlined the process of Aadhaar-based KYC. The new EPFO update, will let members make the changes with OTP authentication via the member portal or UMANG app.

EPFO Update: How To Update Details Of Job Exit On EPFO Portal?

Follow the mentioned steps to update your date of exit on EPFO portal.
-Log into the Member e-Seva Portal using your Universal Account Number (UAN) and password.
-Check for the 'Manage' section, and then select 'Mark Exit,'
-Now choose your PF account. Enter the exit date within the month of your final contribution and specify why you left.
Those EPFO members who have an active UAN number and an Aadhaar-linked EPF account can use the facility to update details online.

For UANs created before October 2017, employer approval or extra documentation might still be necessary. The Employees' Provident Fund Organisation (EPFO) has recently simplified this procedure. Now, if your UAN is validated with Aadhaar, you don't need to upload documents or get employer approvals. This change aims to make the process more user-friendly.