EPF KYC Update Online Step-by-Step Process: The Employees' Provident Fund Scheme was introduced under the Indian Trusts Act of 1882 to offer financial security and stability to employees upon retirement, with regular contributions made by both employers and employees. Presently, this scheme is administered by the Employees' Provident Fund Organisation (EPFO). Under this scheme, employees contribute a portion of their salary to the PF account, which is payable to the employee at the time of retirement or resignation or to their family in the event of the employee’s death. In today's time, due to rising concerns over online fraud and security breaches, EPFO has made it necessary for all working professionals to update the KYC (Know Your Customer). In addition to encouraging compliance with regulations, the EPF KYC update will also allow seamless transactions and faster claim settlement, thereby overall improving the efficiency and effectiveness of the EPF system. Here's a step-by-step guide, entailing all you need to do to update the EPF KYC. Here's how to update EFP KYC online in 2024: Updating your Employees' Provident Fund (EPF) KYC (Know Your Customer) details online is a straightforward process. Here's a step-by-step guide for 2024. Documents required for KYC for EPF: Below are a few documents required for the same: National Population Register (NPR) card Aadhaar card Permanent Account Number (PAN) card Details of a valid bank account Valid passport number Valid driver's licence Valid election card Valid ration card. Steps to update the KYC for EPF: Here is a step-by-step process required for KYC for EPF: Step 1: Visit the EPFO Portal. Go to the official EPFO website. Click on the 'Services' tab and select 'For Employees' from the drop-down menu. Step 2: Log in to your UAN Member Portal. Click on 'Member UAN/Online Service (OCS/OTCP)' under the 'Services' section. Log in through the account by Universal Account Number (UAN) and password. Step 3: Access the KYC Update Section. Post login, navigate to the website, find the 'Manage' tab, and select 'KYC'. Step 4: Update KYC Details You will see a list of documents that you can update, such as PAN, Aadhaar, passport, bank account, driving licence, etc. Select the document type you want to update and enter the relevant details. Save the details entered by clicking on the 'Save' button. Step 5: Approval of KYC Details The updated KYC details will be sent to your employer for approval. Once your employer approves the details, they will be marked as 'Verified' in your EPF account. Step 6: Check KYC Status You can check the status of your KYC update by going to the 'Manage' tab and selecting 'KYC' again. The status of your documents will be displayed here. Here are some additional tips: Ensure that the details you enter match exactly with the details in your documents. Keep scanned copies of your documents ready in case you need to upload them. Regularly check the status of your KYC update to ensure that it has been approved by your employer. By following these steps, you can easily update your EPF KYC details online in 2024.
