How To Update Bank Details In Epfo

Updating Your Bank Details in EPFO: A Comprehensive Guide.

How To Update Bank Details In Epfo: Keeping your bank details updated with EPFO (Employees’ Provident Fund Organisation) is crucial for smooth and timely credit of your contributions and withdrawals. This guide will walk you through the two methods for updating your bank details: online and offline.

Before You Begin:

• Ensure you have your UAN (Universal Account Number), bank account number, and IFSC code readily available.
• Verify your mobile number is registered with EPFO for receiving OTPs.

Method 1: Online Update

1. Visit the EPFO e-Sewa portal: Go to https://unifiedportal-mem.epfindia.gov.in/.
2. Log in: Enter your UAN and password, then click “Login”.
3. Go to “Manage”: Click on the “Manage” tab in the top menu.
4. Select “KYC”: Choose “KYC” from the drop-down menu.
5. Update Bank Details: Click on “Bank” under the “Document” section.
6. Enter Details: Enter your new bank account number, and IFSC code, and confirm the details.
7. Click “Save”: Click on “Save” to submit your request.
8. Verify with OTP: You’ll receive an OTP on your registered mobile number. Enter the OTP to confirm the update.

Method 2: Offline Update

1. Download the “Employee’s Change Request Form” (ECRF): You can download the form from the EPFO website or obtain it from a nearby EPFO office.
2. Fill out the Form: Mention your UAN, current bank details, and the new bank details you want to update.
3. Attach Documents: Include a copy of your canceled cheque or bank passbook showing the new account details.
4. Submit the Form: Submit the completed form and documents to your nearest EPFO office.

Additional Tips:

• Both online and offline methods are free.
• The online update is generally faster and easier.
• If updating through ECRF, allow 2-3 weeks for processing.
• Ensure the bank account you’re linking is in your name.
• You can update multiple bank accounts by adding them one by one.
• For any issues, contact EPFO through their grievance redressal mechanism or customer care channels.

Conclusion:

Keeping your bank details updated with EPFO ensures the smooth flow of your contributions and withdrawals. By following these steps and choosing the method that best suits your needs, you can easily update your bank details and maintain a hassle-free experience with EPFO.