If your EPF account is not KYC compliant then EPFO can reject the claim request of the subscribers.
New Delhi. Employees’ Provident Fund Organization (EPFO) has allowed subscribers to update Know Your Customer (KYC) in Employees’ Provident Fund (EPF). Subscribers can update KYC through EPFO’s online portal epfindia.gov.in. If your EPF account is not KYC compliant then EPFO can reject the claim request of the subscribers. You can update your KYC information sitting at home through UAN (Universal Account Number) EPFO (Employees Provident Fund Organization) portal. For this you will need UAN.
If KYC is updated then there is no problem in money transfer or withdrawal. In case of non-updation of KYC, claim requests will be rejected. If you have not submitted the KYC documents, then the EPF member will not get any SMS alert.
How to update KYC online
Step 1: First of all, you have to go to the EPFO member portal.
Step 2: Now you have to login by entering your 12 digit UAN number, password and captcha code.
Step 3: After login, a new page will open. In which you will see Manage written.
Step 4: From here select the ‘KYC’ option.
Step 5: A new page will open with a list of different document types. Enter the document number, name as per the document and other details like IFSC in case of bank details and expiry date in case of passport and driving license.
Step 6: Now click on ‘Save’.
Step 7: The status of the KYC document will appear in the column ‘KYC Pending for Approval’.
Step 8: The ‘Digitally Approved KYC’ state will appear after the documents are verified by the employer. Also, SMS will be received on your registered mobile number.
These documents will be useful for KYC
Aadhar Number, Permanent Account Number (PAN), Bank Account Number, Passport, Driving License etc. will be useful for KYC update.
Interest money started coming in the account
Explain that the Employees’ Provident Fund Organization has started the process of adding interest to the account of its account holders. EPFO gave this information by tweeting on 31 October. Responding to a user’s query, the organization said that the process of transferring interest has been started and soon the money will reach the beneficiaries’ account. Apart from this, EPFO also said that no one will suffer any kind of loss in interest.
