EPF Account: If you work in the organized sector and a part of your salary is deducted every month and goes into your EPF account, then let us tell you that apart from the employee, the company also deposits money in your EPF account.
EPF Account: If you work in the organized sector and a part of your salary is deducted every month and goes to the EPF account. Apart from the employee, the company also deposits money in your EPF account. Also, you get a good amount of interest on this amount deposited every month. At present, interest is being given on it at the rate of 8.25 percent. At the same time, you can add a good retirement fund through EPF account.
People who withdraw funds from EPF. Their amount goes directly to the bank account which is linked to the EPF account. But if your account linked to the EPF account has been closed, then you will have to link your new account. So that you can withdraw money. If you are troubled by this problem, then know here the right way to link a new bank account to the EPF account. Only after adopting this method, your EPF account will be linked. Follow the process given below carefully.
How to link EPF account
- For this, first you have to go to EPFO’s Unified Member Portal like https://unifiedporta mem.epfindia.gov.in/memberinterface
- After this, you have to log in by entering your UAN, password and captcha code.
- After this, you have to click on the ‘Manage’ tab and after that a drop down menu will appear in front of you. You have to go to this menu and choose the KYC option.
- Now you choose your bank and fill in the account number, name and IFSC.
- After submitting this, the process of linking your bank account is approved by your company. As soon as you get approval, your EPF gets linked to the account.
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