If you have an EPF account, it is important to keep your bank details updated at all times. Your bank account must be active and the details registered with your EPF account must be correct. In case your old bank account is closed/inactive, you may face delays at the time of EPF withdrawal. Incorrect bank details can also compel the EPFO to reject your EPF withdrawal claim.
So, what should you do if you have changed your bank account? Well, in this case, you simply need to update new bank details in EPF account. The good news is that you can do this process online without facing much difficulty. In this blog post, we will explain the steps you need to know to change bank account details in EPF account easily.
Here are a few prerequisites you need to meet before updating your bank account details in your EPF account:-
Your Universal Account Number (UAN) must be active and linked to your Aadhaar. You will need your UAN and password to log in to the EPFO portal.
The bank account you want to add must be in your own name and not of someone else’s.
The name on your bank account must match name registered in your EPF account. Even the spelling must be exactly the same.
Enter your bank account number very carefully. Even a single wrong digit can cause problems later on.
Make sure you enter complete and correct 11-digit IFSC code of your bank branch.
Keep your Aadhaar-linked mobile number active and working. You will need it to receive an OTP for verification during updation process.
Do not close your old bank account until your new bank details have been approved. In case new details are rejected and your old account is already closed, you can face problems while receiving your EPF money.
Make sure your internet connection is stable, and that the EPFO UAN portal isn’t experiencing any glitches when you plan to update the details in your EPF account.
Here is a detailed step-by-step process that you need to follow to update bank account details in EPFO account :-
Step 1:- Visit the EPFO Unified Member Portal @ https://unifiedportal-mem.epfindia.gov.in/memberinterface/.
Step 2:- After that, log into the portal by entering your UAN and password.
Step 3:- Once you have logged in, go to the top menu and then select Manage → KYC.
Step 4:- After that, go to the “Click on KYC documents to add” section and then click on “Bank”.
Step 5:- Then, you must enter your Bank Account Number and 11-digit IFSC Code carefully.
Step 6:- Thereafter, you need to click on “Verify IFSC”. After the system detects your bank branch, you must confirm the details.
Step 7:- To allow Aadhaar-based authentication, you need to tick the consent box.
Step 8:- After that, click on the ‘Save’ option. On your Aadhaar-linked mobile no., you will receive a one time password (OTP). Enter the OTP on the portal and then click on the ‘submit’ option.
Step 9:- Your request will initially show the status “Verification under process.” Once the verification gets completed by the NPCI, the status will change to “Verified.” This process may take a few hours to a few days. After the verification is done, your bank details will be ready for use for making EPF transactions.
Once you follow all the aforementioned steps, your process of bank details update in EPFO will be completed successfully.
Also Read:- What is an EPF Passbook for Employees in a Company?
There are times when EPFO members feel the need to change certain details in their EPF accounts. One of the most common requests received by the EPFO is for changes to bank account details. By visiting the EPFO Unified Member Portal and following the steps we explained in this blog post, you can easily update bank account details in EPFO account.
However, it is important to note that you cannot change/update your bank account details while an EPFO withdrawal claim is still pending. In such cases, you must wait for the existing claim to be processed before proceeding with update. In case you face any challenges while completing the process, we recommend you to get in touch with EPFO Help Desk @ 14470 or file a formal complaint via EPFiGMS Portal.
Q1. Through which portal can I update bank details in EPFO account?
A. You can update bank details in EPFO account through EPF UAN portal, which is also known as EPFO Unified Member Portal.
Q2. Is employer approval required to change bank account details in EPFO?
A. No. This was a requirement in the past. But now, employer approval is no longer needed for EPF bank account update online. Members can now submit their bank details via UAN portal, where the details are verified directly by National Payments Corporation of India. Once verification gets completed, the bank account can be used for making EPF transactions without needing any action from employer.
Q3. How to check EPFO claim status online?
A. For EPFO claim status check, you need to login to EPFO Unified Member Portal and then go to ‘Online Services’ and click on ‘Track Claim Status’. Finally, you can check status of EPFO claim.
Q4. Is it possible to change bank account information in my EPF account online?
A. Yes, absolutely. You can change bank account information in your EPF account online via EPFO Unified Member Portal.
Q5. While updating my bank account details in my EPF account, can I enter my spouse’s bank account details?
A. No. Since your EPF account is in your name, the bank account must also be in your name and not solely in your spouse’s name. However, you can provide details of a joint bank account with your spouse as long as you are the primary/first account holder in it.
Q6. Can I change my bank details in EPF account while an EPF withdrawal claim is pending?
A. No. It isn’t possible for you to change or update your bank details in EPFO account while your EPFO withdrawal claim is still pending. You must wait for the current claim to be processed before you proceed to change the details.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, finance and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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