NEW DELHI: The Employees’ Provident Fund Scheme, launched under the Indian Trusts Act of 1882, aims to provide financial security to employees upon retirement through contributions from both employers and employees. Administered by the Employees’ Provident Fund Organisation (EPFO), the scheme entails employees contributing a portion of their salary to their PF account, accessible upon retirement, resignation, or to their family in case of the employee’s demise.
Given contemporary concerns regarding online fraud and security breaches, EPFO mandates all working professionals to update their KYC (Know Your Customer) details. This update fosters regulatory compliance and also facilitates seamless transactions and expedites claim settlements, thus enhancing the efficiency of the EPF system.
Here is a comprehensive guide on how to update EPF KYC online in 2024.
Read More: EPFO Services To Remain Impacted Today: Know Why
Documents needed to update EPF KYC
- Aadhaar card
- Permanent Account Number (PAN) card
- National Population Register (NPR) card
- Details of a valid bank account
- Passport number
- Driver’s licence
- Election card
- Ration card
Here is a step-by-step guideline to update EPF KYC:
Step 1: Visit the official EPFO website
- On the EPFO portal, click on ‘Services’ tab provided on the homepage and select ‘For Employees’.
Read More: How EPFO subscribers can update bank account details in their EPF account?
Step 2: Log in to your UAN Member Portal
- Under the ‘Service’ section, click on ‘Member UAN/Online Service (OCS/OTCP)’.
- Log in using UAN and password.
Step 3: Go to KYC Update Section
- After logging in, go to the ‘Manage’ tab, and select ‘KYC’.
Step 4: Update necessary details
- Check necessary documents need to be updated such as Aadhaar, PAN, bank account and more.
- Select the document type, enter relevant details and save.
Read More: EPF Update: How to unblock an inoperative account?
Step 5: Approval of KYC Details
- The updated details will be sent to the employer.
- Once approved, the details will be marked as ‘Verified’ in the EPF account.
Step 6: Check KYC Status
- You can check the status of your KYC update by selecting the ‘Manage’ tab and then going to ‘KYC’ again.
- The status will be displayed on the webpage.
