If you want to update your new bank account in your EPFO, then for this you have to first go to its portal.
Provident Fund ie PF. Every person doing a job will be familiar with this. PF account is a good means of investment and savings for any employed person. However, you can also withdraw this money at some time if you need money during the job. But even to withdraw money, the Employees’ Provident Fund Organization (EPFO) has made some rules for the members. But many times, many types of problems come in front of the members. Like many times it is seen that PF account holders want to transfer their amount to a bank which is not linked to EPFO. In such a situation, they have to update their new bank account in EPFO. You can easily do this work online. Let us know what is its complete process…
If you want to update your new bank account in your EPFO, then for this you have to first go to its portal. There you can login with your ID and password. After this, EPF account holders can update their account online by following some easy steps.
How to add your new bank account from EPFO
- Log on to EPFO Member Portal – unifiedportal-mem.epfindia.gov.in/memberinterface/
- Enter your Login ID and Password on the home page.
- Click on ‘Mange’ option.
- Select the ‘KYC’ option in the drop-down.
- Select ‘Documents’ and write about ‘Bank’.
- After this enter the bank account number and its IFSC code.
- Click on the ‘Save’ option at the bottom.
- After saving the new bank details, ‘Pending KYC for approval’ will show.
KYC approval required
After completing all these steps, you will have to submit the document of your employer as proof. After this, when your employer will verify the submitted documents. After this, the pending KYC for approval will be changed to ‘Digital Approved KYC’. After approving the documents submitted by the employer, you will get a text SMS from EPFO for digital approval of your KYC.
If you apply to withdraw money from your PF account, then your claim is processed in about 20 days. However, due to Kovid, changes were made in its rules. If you withdraw money from PF account on the basis of conditions related to corona virus, then the money will be credited to your account in 7 days or even 3 days.
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