Guide to Updating Your Bank Account on the UAN Portal for KYC Compliance

Keeping your personal banking and compliance details up-to-date is crucial for maintaining a seamless experience with various government and private sector portals. One critical platform for individuals in India is the UAN (Universal Account Number) portal for managing social security and financial dues linked to your PF (Provident Fund) account. This article will guide you through the steps to update or change your approved bank account under KYC (Know Your Customer) compliance on the UAN portal.

Steps to Update Your Bank Account on the UAN Portal

1. Visit the UAN Portal

To begin the process, navigate to the official UAN portal.

2. Log In

Enter your UAN password and the captcha code provided to log in to your account.

3. Navigate to the KYC Section

After logging in, you will see a menu at the top. Click on the “Manage” tab and then select the KYC (Know Your Customer) option.

4. Update Bank Details

In the KYC section, you will find the current bank account details. Here, you can either update the existing account or add a new one. Ensure you include all necessary details such as the account number and IFSC code. If required, you may upload a scanned copy of your canceled cheque or bank statement for verification purposes.

5. Submit the Request

Once you have filled in the necessary details, click on the “submit” button. Your request will be reviewed and may require further documentation for verification.

6. Approval from Employer

Upon submitting the request, approval from your employer is required for the KYC details to be updated. Once your employer approves, the changes will reflect in your account.

7. Check the Status of KYC Updates

You can monitor the status of your KYC updates by logging back into the portal and navigating to the KYC section.

Additional Tips

Ensure that the bank account you are updating is in your name and linked to your Aadhaar or PAN (Permanent Account Number) for smooth processing. If you encounter any issues, you can contact your employer's HR department or the EPFO (Employees’ Provident Fund Organisation) helpdesk for assistance.

It is also important to keep your records organized and ensure all relevant documents are available for verification purposes.

Updating Bank Account on EPFO Portal

In addition to the UAN portal, you can update your bank account on the EPFO (Employees’ Provident Fund Organisation) portal using your PF (Provident Fund) UAN number. You will need your Aadhaar number, PAN, and PF number, which you can find on your salary slip.

Steps to Update Bank Account on EPFO Portal

Step 1: Visit the EPFO Website

If you have previously activated your PF UAN number, you can log in using your username and password. Otherwise, you will need to provide your Aadhaar or PAN number to initiate the login process.

Step 2: Access the KYC Option

Click on the ‘KYC’ option under the ‘Manage’ tab. Select the type of document you want to update, such as your bank account. Provide all necessary details including your account number, name of the branch, and IFSC code. Click on ‘Save’ once you have entered all the details.

Step 3: Employer Verification

Your employer will verify the provided information and provide a confirmation. If there are any errors or discrepancies, you will receive a notification.

Step 4: Corrections

This process also allows you to make necessary corrections. After updates, your bank account information will be aligned with your EPF money, ensuring you can withdraw or transfer funds easily.

Updating your bank account through both the UAN and EPFO portals can help streamline financial management and ensure that your investments and withdrawals are as seamless as possible.