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An individual can now update their KYC information for EPF online using UAN EPFO portal. To go about this process of updating or changing KYC (Know your customer) details on UAN EPFO portal, one will require UAN (Universal Account Number) credential. For this, the individual will need login to the EPFO UAN portal and update KYC by uploading the required documents online.
The mandatory KYC details required are PAN card number, Aadhaar card, and bank account details. If the details have not been updated yet then these details on the EPFO portal must be updated immediately. There are a lot of benefits of KYC update in EPF.
If the account is proper (i.e. KYC document completed account) then the individual does not face any delay for transfer or withdrawal of money. If the bank account details are not up-to-date then there are chances for the claim to get rejected. Also, the EPF account holder will not get the privilege of getting SMS alerts if the KYC documents are not submitted.
Following documents are required for KYC update for EPF UAN:
EPFO has started giving the facility for the account holders to update their KYC details online on the portal without much hassle. The benefits of updating the KYC details include low TDS on withdrawals, easy operations of accounts, etc. Recently, the government has made is necessary for the employees to link their EPF account with Aadhaar card to bring in efficiency in the whole process.
To update KYC details in the EPF account, it is a very simple and easy process. The members need to follow the below mentioned steps to update their details at the EPF portal:
The user can not only get his or her KYC details updated on EPF portal but the individual can also make changes or update contact details online. Below is the process of updating contact details.
There are plenty of benefits of keeping your KYC details up-to-date in your EPF account. The account holder can avail a range of benefits. Some of the important advantages are mentioned below.
Is it necessary to upload documents on the EPFO Portal?
No, uploading of scanned documents is not required on the EPFO online portal. The user is just required to mention the document name and number in the EPFO online portal.
How much time does it take for KYC documents to be approved?
The turnaround time for the review and approval of the KYC documents is usually 3 to 5 working days.
Is it mandatory to update KYC details online?
No, the government has not made it mandatory to update KYC details online. But there are many benefits of keeping your KYC details updated. One of the many benefits includes that the time taken for transfer and withdrawal of EPF money is reduced and it offers more convenience for the member.
Whom should I contact for any queries about UAN EPFO portal?
The EPFO has made arrangements allowing members to contact them through phone number and email address for any queries they might have regarding their specific EPFO account. EPFO Helpdesk phone number - 1800 118 005 Email address - firstname.lastname@example.org.