How to Add/Change Your EPFO Bank Account in Simple Steps

The Employees Provident Fund Organisation (EPFO) is a statutory body incorporated in 1952 under the Employees Provident Fund and Miscellaneous Provisions Act. It holds the responsibility of managing and regulating all recognised provident fund accounts in India. EPFO is committed to maintaining transparency and accountability in its operations. 

All Employees Provident Fund (EPF) members must link an active bank account to their PF accounts for withdrawals. In recent times, it has become easier for EPFO subscribers to update their bank details through the EPF India portal. However, for this, you need to have your Universal Account Number (UAN) in hand. 

Continue reading this blog to gain detailed insights on EPFO bank account updates in detail.

Importance of Maintaining Accurate Bank Account Details in EPFO Account?

Employee Provident Funds Organisation (EPFO) manages the largest retirement benefit scheme in India, namely, the Employee Provident Fund (EPF). EPF allows employees to save for their retirement. With more than 6.43 crore members contributing to this scheme, EPF is one of the most well-recognised social security organisations in the world. 

All employees with EPF accounts must update their bank account details in their EPFO account. The details include name, address, contact number, nominee details and details of bank. The amount which is deducted from an employee's salary gets deposited in their respective PF account. Details provided in one’s EPF account help in claiming retirement benefits. 

Thus, if your bank account information is not provided accurately or not updated, you will face difficulty at the time of withdrawing or transferring money from your PF account. EPFO in this regard provides ample opportunities to all beneficiaries to update their bank details on the official EPFO service portal. 

How to Add Bank Account Details in EPFO?

EPF accounts consist of all relevant information relating to an employee’s provident fund. Here is the step-by-step guide on how to add a bank account in EPFO. Following this will enable you to withdraw money from your EPF account hassle-free.

1. Visit EPFO’s member portal. Enter valid credentials such as UAN number and password to sign in. You will also need to authenticate through an OTP. 
2. Once logged in, go to the ‘Manage’ option located in the top menu and select the ‘KYC’ option.
3. Next, select the bank in the KYC menu and add all necessary bank details. The details include your name, account number, IFSC code, and others.
4. Confirm the details once after adding it and then to proceed, to click on ‘Verify IFSC’. IFSC entered will be automatically verified and the name of bank along with the branch name will be displayed on the screen.
5. Then Click on ‘Save’, you will be directed to verify the change made through Aadhar authentication OTP, enter the OTP and press ‘Submit’.
6. Once all your bank details are saved, you can view them under the ‘Pending KYC’ section. First the application will be approved by the concerned bank department. Once it is approved by bank, it will be directed to your employer to approve the application.
7. Submit all relevant required documents to the employer. Upon successful verification of documents, the status is changed to 'Digitally Approved KYC'. An approval message will be sent to your registered mobile number.

How to Add Another Bank Account in EPFO Unified Portal?

To add another bank account in EPFO Unified Portal, you need to follow the below steps:

1. Visit the EPFO unified portal and click on the 'Manage' option in the top menu. 
2. From the drop-down menu, select the 'KYC' option.
3. Select another bank you wish to add as the document type.
4. Update with the required bank account number and IFSC code. Once done, click on ‘Save’ to proceed.

How to Add a Bank Account in EPF without Employer?

Some bank accounts make it mandatory for members to get approval from employers. On the other hand, other banks do not need any employer approval. Following the mentioned steps, you can add your bank account number with your PF account online in the UAN member portal.

1. Login into the UAN member portal and enter your UAN ID and password.
2. Click on ‘Manage’ located in the menu bar and select KYC from the drop-down menu.
3. Select your preferred bank and enter its account number with IFSC code.
4. Click on ‘Verify IFSC’ and this will verify your IFSC code.
5. Clicking on the 'Save’ option, a new OTP will be sent to your mobile number that is linked to your Aadhaar.
6. Enter the OTP sent to your mobile number and click on ‘Submit’.

Now, your bank will provide approval to link your bank account to the EPF account. Once you get an approval message, your bank account details will be added to your EPFO account within 2-3 business days. 

How to Add a Bank Account in EPFO through the Umang App?

Umang App is an ideal option for EPFO members to access services hassle-free. However, there are certain eligibility criteria for making withdrawals through the Umang app. Also, it is possible to track PF accounts using the Umang app on your mobile phone.

Following are the details explaining how to access various services related to EPFO through Umang:

1. Download the Umang app from the Apple App Store or Google Play Store.
2. Log into the app and then sign in entering your Aadhaar number and password.
3. Select the “EPFO” service type from the list of services.
4. You can get benefit from the various available services.

Besides many services, the services related to Bank account change/update is yet to be made available on Umang App.

How to Update Bank Details in EPFO?

Updating your bank details in EPF is hassle-free and you can do it from anywhere without having to visit the local EPFO branch. Here is the step-by-step guide to updating the bank details of an EPFO account:

1. Visit the UAN Member portal.
2. Login into the account entering your UAN, password, and security code.
3. Go to the 'Manage' tab located on the given menu and select the 'KYC' option from the drop-down menu.
4. This will redirect you to a new page. Make changes in the details you want to get updated.
5. Select your bank of preference and update with necessary bank details including 'name', 'IFSC code', 'bank account number', etc.
6. Once you select all the details, click on ‘Verify IFSC’.  You will see a message stating ‘IFSC Verified’. Click on the ‘OK’ button. 
7. Confirm if the information you entered previously is accurate. If that happens, tick on the check box below and save the details. 
8. You will receive an OTP on your registered phone number. Enter the OTP and click on 'Submit'.

Your application will be first approved by the bank and then by your employer. Upon approval of submitted documents by the emplyer, you will receive a notification through an SMS.

How to Change Bank Account Details in EPFO?

Here is the step-by-step guide on how to change bank accounts in EPFO. This will also allow you to withdraw the desired PF amount hassle-free.

1. Login into the EPFO member portal entering the login ID and password on the home page.
2. Click on 'Manage' located at the menu bar and select 'KYC' from the drop-down menu list.
3. Select ‘Bank’ in the options available. 
4. Enter all details of the bank including the account number and its IFSC code. 
5. Confirm the details once after adding it and then to proceed, to click on ‘Verify IFSC’. IFSC entered will be automatically verified and the name of bank along with the branch name will be displayed on the screen.
6. Then Click on ‘Save’, you will be directed to verify the change made through Aadhar authentication OTP, enter the OTP and press ‘Submit’.
7. Once all your bank details are saved, you can view them under the ‘Pending KYC’ section. First the application will be approved by the concerned bank department. Once it is approved by bank, it will be directed to your employer to approve the application.
8. Submit all relevant required documents to the employer. Upon successful verification of documents, the status is changed to 'Digitally Approved KYC'. An approval message will be sent to your registered mobile number.

Final Words

Employee Provident Fund is a trusted financial service for working professionals in India. Under this scheme, individuals continue receiving retirement coverage even after they leave their previous organisation. Thus, individuals should remain well aware of transferring their PF amount from their previous organisation to the present. Following the above-mentioned steps and providing all necessary documents, individuals can experience a smooth PF transfer process. 

Transferring your EPF account yields several benefits including service continuity, better returns, and more. Moreover, if you face any issues during transferring PF, you can contact the nearest EPFO office for further assistance.

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EPF Registration For Employers