Do you know that your EPF is managed by the Employees’ Provident Fund Organization (EPFO) a body under the Employees’ Provident Fund and Misc? Provisions Act, 1952. The EPFO which used to be riddled with many complexities has worked towards simplification of its rules and procedures. EPFO introduced UAN (Universal Account Number) which is a 12 digit unique Id number assigned to every EPFO member. UAN works on the principle of one account – one subscriber and therefore acts as an umbrella ID for all the EPF member IDs assigned to you by different employers. Most importantly, you can access your EPF account using your UAN online.
However, you first need to activate your UAN. Once you have activated your UAN, you can access a host of EPF related services through the UAN Login Portal. You can log in to the portal using your UAN and password. The portal provides a bouquet of services like updating KYC, raising EPF claims online, UAN card, passbook details, transfer of funds (from one EPF to other), credit alert facility to your EPF account via SMS etc.
KYC Updation The EPF member portal provides you with the choice to link details like your bank account number, Aadhaar card, pan card to your EPF account for fulfilling the required KYC norms. Apart from these, you can also add details of other documents like your passport, driving license, election card or ration card number. However, the KYC details get updated only after being verified by the respective department, till then your EPF account will come under the ‘KYC Pending for Approval’ category.
So, if you have entered your PAN card details, they will first need to be verified by the Income Tax Department. Your EPF accounts will be reflected in the ‘Digitally Approved KYC’ category only after verification.
Therefore, it becomes important to update your KYC details, once you get logged in to the UAN portal.
Source: Sify Finance