No Need to Worry if Your EPFO-Linked Bank Account is Closed! Learn How to Update It from Home
No Need to Worry if Your EPFO-Linked Bank Account is Closed! Learn How to Update It from Home
EPF Bank Account Update: There is no need to panic even if the bank account linked to your EPFO profile has been closed. You can now easily update it by adding a new account via the KYC section—all from the comfort of your home. Here is how it works:
EPF Bank Account Update: When you change jobs, your salary account often changes as well. According to experts, employees should periodically review and verify their banking and KYC details. If the bank account linked to your EPFO profile has been closed, your PF funds will not be credited to your account; however, there is absolutely no need to worry, as you can now update your new bank account details with great ease, right from your home. The EPFO has made this entire process completely online and user-friendly, ensuring that anyone can utilize it effortlessly—meaning you will no longer have to make countless trips to government offices.
If you have entered details for a bank account that is now closed into your PF profile, the most crucial step—before entering your new banking details on the EPFO portal—is to confirm that the specific bank account you intend to register is fully active and that you use it regularly. An important point to note is that the name on your bank account must exactly match the name listed on your EPFO profile; furthermore, it is absolutely essential that your new bank account is linked to your Aadhaar card.
How to Update Your Bank Details?
Let's find out how you can update your bank details from home. First, visit the official EPFO website and log in using your UAN (Universal Account Number) and password. After logging in, navigate to the 'Manage' section and click on the 'KYC' option. You will then be required to enter your new bank account number, IFSC code, and other necessary details. Once you have filled in the details, click on 'Save' and authenticate the request using the OTP (One-Time Password) sent to the mobile number linked to your Aadhaar card.
Points to Keep in Mind While Updating Bank Details
Following these steps, the status of your bank details will appear as 'Pending'. First, the concerned bank will approve these details, after which the status will display as "Approved by Bank." Subsequently, your employer will approve it, following which you will receive a notification via SMS. Although the employer's approval may take some time, once approved, the status of the bank details will change to "Approved." It is crucial to ensure that all information provided while updating your bank account is accurate.
