EPFO: Sometimes, you might need to connect several bank accounts to your PF account. The Employee Provident Fund (EPF) is not merely a savings program – it acts as a crucial financial safety net for people. Typically, 12 percent of an employee’s pay is withheld and transferred into their EPF account, matched by an equal contribution from the employer. The Employees’ Provident Fund Organisation (EPFO) regulates the EPF.
In certain situations, the bank account associated with the PF account might be rendered inactive or cancelled. In these cases, a new bank account must be associated with the PF account. Although various bank accounts may be connected, only a single account can be utilized for transactions simultaneously.
If you’re an EPF member and need to update your details, this video will guide you.https://t.co/wEloPfQZ6v#EPFOwithyou #EPFOmembers #Employers #EPFO #EPF #HumHainNaa #ईपीएफ #पीएफ @mygovindia @PMOIndia @LabourMinistry @mansukhmandviya @ShobhaBJP @PIB_India @MIB_India
— EPFO (@socialepfo) March 14, 2025
Procedures to connect bank account to PF account:
Access the consolidated portal of EPFO.
Log in by inputting your UAN and password.
You will locate the Manage option and select it.
Choose KYC
Choose the bank option and input the bank information, including account number, name, and IFC code.
Press Submit
Managing EPFO via UAN: A Guide
Mansukh Mandaviya indicated that EPFO 3.0 will transform the system to resemble a bank. This system enables subscribers to effortlessly oversee their accounts with their Universal Account Number (UAN).