What Is EPFO KYC
Explanation of the EPFO KYC Check
In this post, we will go over the EPFO KYC in detail, including its importance, procedure, and benefits.
Let us take a closer look at the following sections:
What Is EPFO KYC?
EPFO KYC is the Know Your Customer (KYC) process established by India’s Employees’ Provident Fund Organisation (EPFO). This procedure is critical for confirming the identity and address of EPFO account holders to ensure correct record-keeping, prevent fraud, and promote smooth service delivery.
Documents Required to Update KYC for EPF UAN
To update your KYC for EPF UAN, you normally need the following documents:
Identity Proof:
- Aadhaar Card
- PAN Card
Address Proof:
- Aadhaar Card
- Passport
- Voter ID
- Driving Licence
- Ration Card
Bank Details:
- Cancelled cheque or bank passbook showing your name, account number, and IFSC code
Signature:
- Self-attested physical application
- Passport size photograph
Nomination Details:
- The Aadhaar card of the nominee (if linked)
- Cancelled cheque or passbook of the nominee
These documents should be uploaded in PDF, JPEG, or JPG format (under 500KB). To speed up the process, keep the original documents ready for verification by EPFO.
Importance Of EPFO KYC
- Fraud Prevention: KYC verifies account holders, reducing the risk of fraud.
- Accurate Records: Updated records help ensure employees get timely benefits without issues.
- Convenient Transactions: Employees can easily access EPFO’s online services after KYC.
- Regulatory Compliance: Completing KYC keeps EPFO in line with legal requirements.
How to Upload KYC Details in EPF UAN?
You can upload your KYC details to EPF UAN by following the steps given below:
- Go to the EPFO member portal.
- Log in using your UAN, password, and Captcha.
- In the top menu, click on ‘Manage.’
- From the drop-down, choose ‘KYC.’
- You’ll see a list of document types like Bank, PAN, and Passport.
- Check the box next to the document you want to update.
- Enter the required details for that document.
- Click ‘Save‘ after filling in the details.
- Check the ‘KYC Pending for Approval‘ column to see your status.
- Once your employer approves, the status will show under ‘Digitally Approved KYC,’ and you will get an SMS notification.
Process to Update KYC Details
To update your EPFO KYC details online, follow these steps:
- After your employer verifies and approves your documents, they will digitally verify them.
- EPFO authorities will then review the documents for any mismatches or issues.
- Once approved, you can raise a claim, and your KYC details will instantly be updated in the EPF UAN system.
Note: If your documents are not approved, contact the EPFO helpline at 1800 118 005 or email uanepf@epfindia.gov.in.
Updating Contact Details in EPF Account
To update your EPF account, contact details:
- Log in to your EPF account using your UAN and password on the EPFO portal.
- Go to the ‘Manage‘ section and select ‘Contact Details.’
- Your current mobile number and email ID will be shown.
- To update your mobile number, check the box for ‘Change mobile number‘ and click ‘Get Authorization Pin.’ Enter the OTP you receive and submit.
- To update your email ID, check the box for ‘Change email ID‘ and click ‘Get Authorization Pin.’ Enter the OTP sent to your email and submit.
- After entering the correct PIN, your new mobile number or email ID will be updated.
- You may need to verify additional details. Once done, the updates will appear in your EPF profile instantly.
Track EPF KYC Status
- Enter the Member eSewa site and go to the ‘UAN card’ section. A ‘Yes’ against KYC means the process is finished.
- Check the KYC tab in Manage to see if your documents have been verified.
Benefits of Updating KYC Details
The numerous benefits of EPF KYC updates are explained below:
- If your KYC records are up to date and linked to your UAN, filing a claim withdrawal online is easy.
- A modified KYC ensures a smooth transfer of employee provident fund EPF accounts.
- If a person withdraws their PF before serving for five years, a 10% tax is deducted from the whole amount. For this, the EPF account’s PAN information must be updated. If the PAN data is left unchanged, the TDS ratio remains at 34.608%.
- Users who successfully complete the KYC process will receive information about their account activity and monthly PF amount.
We have reached the end of this post. Please share your queries with us in the comment section below.
FAQs
1. How long does it take to get KYC paperwork approved?
Ans: The KYC data is usually reviewed within 3-5 business days. After the approval has been completed successfully, an SMS will be sent to the registered mobile number.
2. How do I verify my PF KYC status?
Ans: You can check your PF KYC status by going to the Member e-Sewa portal.
3. What happens if the employer declines to approve KYC?
Ans: If your employer does not approve your EPFO KYC details, withdrawals and fund transfers can get delayed or stopped.
4. Is it necessary to update KYC details on the EPFO portal?
Ans: No, KYC for EPF UAN is not mandatory, but employees should consider the benefits before choosing not to update it.
