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How to correct/update Bank details in EPF/UAN online?

May 8, 2020by Basavaraj Tonagatti

How to correct/update Bank details in EPF/UAN online? Many employees while providing the bank details, might provide the wrong data to EPFO. How to correct the same online?

Do remember that you must provide the bank details correctly. Otherwise, while withdrawing the EPF or taking an advance, the automatic credit may not happen. Hence, it is very much important to understand the procedure of update bank details in EPF / UAN online.

How to correct/update Bank details in EPF/UAN online?

Yesterday EPFO shared this simple image to understand the procedure. I will share the same for your benefit.

correct/update Bank details in EPF/UAN online

Step 1:-Visit to Unified portal for members. Login with your user name and Password.

Step 2:- Click on “Manage” tab.

Step 3:-Select “KYC” from the drop down menu.

Step 4:-Here, you will find many options to update like Bank, PAN, Aadhaar, Passport, Driving License, Election Card, Ration Card, or National Population Register. Among all, select the option of the Bank.

Step 5:-Here, you will the Bank Account Number, Name and IFSC Code. Then click the tab “Save”.

step 6:-Now you have to wait for your employer’s approval. After that, your new bank details will be visible in the approved KYC section.

Do remember that there is no deadline set for the employer to complete the process. Hence, it mainly depends on your employer also.

Conclusion:-It is always better to check the bank details you provided for UAN. If they are wrong, then take the action of updating the same immediately. Because if your bank details are wrong, then in future your withdrawal may take the time or in a big hurdle.

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Category: EPF and PPFTag: correct/update Bank details in EPF/UAN online

About Basavaraj Tonagatti

Basavaraj Tonagatti is the man behind this blog. He is SEBI Registered Investment Adviser who is practicing Fee-Only Financial Planning Process and also an Independent Certified Financial Planner (CFP), engaged in blogging since 7 years. BasuNivesh blog is ranked as one among India's Top 10 Personal Finance Blog. He is not associated with any Financial product/service provider. The purpose of this blog is to "Spread personal finance awareness and make them to take informed financial decisions." Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. These should not be construed as investment advice or legal opinion."

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Reader Interactions

Comments

  1. A.N.ABDUL YOUNUS

    October 2, 2020 at 3:08 PM

    hi, I submitted a PF advance claim on behalf of my friend a couple of weeks ago. A week later received a message as claim approved and it will be credited to the bank account number. four days later again a message has come from EPFO stating that the settled claim has been revert back to the EPF office. Bank details updated in EPFO are correct. but my friend’s name in the Bank doesn’t have initial and the EPFO has initial will this be a complicated one for the amount not getting credited to the given Bank Account number.

    Reply
    • Basavaraj Tonagatti

      October 2, 2020 at 4:36 PM

      Dear Abdul,
      I think YES.

      Reply
  2. Ashley Jaswal

    September 23, 2020 at 8:14 PM

    Hi,

    I am trying to update the bank details on epfo site, but when I click on Save button, it just stuck on loading for hours and if I will refresh it shows details submitted but next day their is no records under KYC ending for approval section neither its rejected.

    It s happening more than a week now, my internet speed is fine, no issue with the speed.

    Reply
    • Basavaraj Tonagatti

      September 24, 2020 at 6:41 PM

      Dear Ashley,
      Try with a different browsers.

      Reply
      • Manas Patnaik

        January 20, 2021 at 11:22 AM

        I have tried it with both Chrome and Explorer. The problem still persists. As soon as you click save. It shows LOADING and nothing happens.

        Reply
        • Basavaraj Tonagatti

          January 20, 2021 at 5:14 PM

          Dear Manas,
          Then no option but to raise an issue with EPFO Grievance Cell Online.

          Reply
  3. Vignesh Raj

    July 12, 2020 at 7:23 AM

    Hi, its showing claim settled in Dec 2019, but not credited in my Bank account nor in my PF Account back. Twice filed grievance but of no use? Bank account number is correct except first two zeros which can not be entered. Please advise.

    Reply
    • Basavaraj Tonagatti

      July 13, 2020 at 6:29 AM

      Dear Vignesh,
      Then no option but to approach the regional EPFO.

      Reply
  4. Aravind

    May 16, 2020 at 4:25 AM

    Dear Basu..

    Thank you for informative article as always.. I have a question not related to epfo portal but VPF.. Is there any limit to contribute via VPF irrespective of the basic salary by employer and also any lock-in period for withdrawal of money from VPF??

    Reply
    • Basavaraj Tonagatti

      May 16, 2020 at 8:39 AM

      Dear Aravind,
      Yes, there is a limit. Including VPF and EPF it should be 100% of your Basic+DA. VPF features are exactly like EPF.

      Reply
      • Aravind

        May 16, 2020 at 10:23 PM

        Thank you so much..

        Reply

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