A comprehensive guide on updating your EPFO account’s KYC details
With the recent release of this functionality on its Member e-Sewa Portal, the EPFO makes it simple for EPF members to update their account information online. In the past, only a small number of adjustments could be made online; the rest needed to be made on paper, with the employer’s attestation, and submitted to the EPFO offline.
Instead of updating their KYC information offline, members can now do it online with the new joint declaration tool. The reason for this is that it allows members to access and edit their data on the EPFO portal. They can stop the provident fund authority from turning down withdrawal requests by doing this. According to recent reports, differences in PAN, Aadhaar, and EPFO data were the reason EPFO was refusing withdrawal requests.
Through an online tool on its Member e-Sewa site, the Employees’ Provident Fund Organisation (EPFO) enables EPF members to finish their KYC (Know Your Customer) process and update information in their provident fund accounts. The process is made easier for EPF members by this new feature, “joint declaration,” which does away with the necessity for offline submissions.
To update their KYC information online, EPF members can do the following:
Before starting the KYC updating procedure, collect the required paperwork and keep in mind that some facts have restricted room for adjustment. Six service-related and eleven personal details are updated with permission from EPFO.
Name, date of birth, gender, parental details, relationship status, marital status, nationality, and Aadhaar number are examples of personal information. The service information includes the date of joining and leaving the Employee Provident Fund (EPF), the reason for leaving the EPF, and the date of joining and leaving the Employee Pension Scheme (EPS).
Depending on the type of changes needed, EPFO has provided a list of appropriate documents that members must send with their correction requests. To correct a name, an Aadhaar is required. Members may submit a passport, a birth certificate from the Registrar of Births and Deaths, or other approved documentation for date of birth adjustments.
How do you update your KYC online?
Step 1: Go to the Member e-Sewa portal and sign in using your password, captcha, and UAN. Use the OTP issued to the mobile number associated with your Aadhaar to confirm.
Step 2: Choose “Manage” and then “Joint Declaration.” In cases where details need to be corrected, select the member ID. For standard KYC modifications that remain unchanged, utilize the KYC menu item under “Manage.”
Step 3: Examine the EPFO records and amend them as needed in the editable box that is supplied. After agreeing to Aadhaar verification, press “Proceed.”
Step 4: Upload the necessary files following the modifications. Press “Submit” to finish the procedure.
The joint declaration is submitted successfully and is then sent to the employer for approval. After confirming the details in their files, the employer grants the request. Any inconsistencies could result in the employer rejecting you.
After the employer gives its approval, the joint declaration is sent to the EPFO office. Once the PF authority gives its approval, the modifications will be visible on the EPFO portal. The KYC updating procedure normally takes two to three weeks. Members should get in touch with their employer if there’s a delay to make sure the joint declaration KYC request is approved.
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