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.
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.
Below are a few documents required for the same:
Here is a step-by-step process required for KYC for EPF:
Step 1: Visit the EPFO Portal.
Step 2: Log in to your UAN Member Portal.
Step 3: Access the KYC Update Section.
Step 4: Update KYC Details
Step 5: Approval of KYC Details
Step 6: Check KYC Status
Here are some additional tips:
By following these steps, you can easily update your EPF KYC details online in 2024.