To full KYC on-line on the EPF account, comply with these steps
EPF Update: To full KYC on-line on the EPF account, comply with these steps
Employees are required by regulation to hyperlink their Employees Provident Fund (EPF) account to their Aadhaar quantity and different documentation. The want for KYC (Know Your Customer) has grown because of the quite a few web scams and safety lapses. Not solely that however on the Employee Provident Fund Organisation (EPFO) portal, some benefits are unique to members who’ve had their KYC verified.
To simplify issues, EPFO has launched a web based KYC facility for EPF members on its Member e-Sewa portal. This would make it simpler for EPF members to replace their account data and full their KYC on-line.
The EPFO’s new facility is named ‘joint declaration’. If you have to make changes to your EPF account, you might merely fill out a joint declaration type on-line.
What Is A Joint Declaration Form?
A joint declaration type is an EPF type that’s used to replace Provident Fund (PF) member data.
To rectify the inaccurate data recorded within the staff’ PF accounts, the employer and worker signal a joint type that’s despatched to the regional PF commissioner.
What adjustments are you allowed to make?
Using the joint declaration type, you might modify any one of many eleven parameters. Aadhaar, or the Unique Identification Number (UID), is considered one of these elements together with the title, gender, DOB, mom and father names, relationship, marital standing, becoming a member of and leaving dates, causes for leaving and nationality.
Members should present a listing of accepted paperwork with correction requests, as given by the EPFO, relying on the required corrections. To appropriate the title, Aadhaar will probably be wanted. A passport, delivery certificates or another required doc issued by the Registrar of Births and Deaths should be produced with a view to have the date of delivery corrected.
Keep in thoughts that members can solely modify their data within the EPFO information a specific amount of instances. For instance, you may solely change your title and gender as soon as, however you might change your marital standing twice.
Steps for on-line KYC in an EPF account:
To full KYC on-line on the EPF account, comply with these steps:
Step 1: Go to the Member e-Sewa web site and sign up together with your password, captcha code and UAN (Universal Account Number). You will obtain an OTP (one-time password) on the telephone quantity related together with your Aadhaar.
Step 2: Reenter the captcha and OTP.
Step 3: Select ‘Joint Declaration’ from the ‘Manage’ menu after logging in.
It will open a brand new webpage. Choose the EPF account quantity or Member ID.
EPF members will have the ability to replace each private and repair knowledge. The web site will show EPFO’s information and supply a field that may be edited by members.
Step 4: After making the required corrections, tick the field to point that you just conform to this joint declaration utilizing Aadhaar to confirm identification. Next, choose ‘Proceed’.
Step 5: The EPF member should now add the required papers primarily based on the modifications made to the EPF account. Click ‘Submit’ after getting uploaded the required paperwork.
Upon approval by the PF authority, the modifications will probably be mirrored on the EPFO portal.
The KYC updating process sometimes takes 20 to 25 days.
If there’s a delay, the EPF member ought to get in contact together with his or her employer to seek out out if the request for a joint declaration and KYC has been authorised by the corporate.
