How to change bank accounts in EPFO? – A complete guide

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EPFO believes in providing transparent, innovative, and citizen-centric service to the people. Their main intention is to bring a safe and secure working environment for the workforce in India. 

Here are the features of the EPFO: 

Hence, these are the features of the EPFO that make it a trustworthy organisation. It is a single digital platform providing multiple facilities to the workforce of the country hassle-free. 

How to change bank account in EPFO? 

Changing a bank account in EPFO is an easy process. This process can be executed by visiting the official EPFO website. 

Here is the process of changing a bank account in EPFO: 

• Visit the official website of EPFO. 
• Select the language of your choice. 
• Select the “Services” option available on the home page.
• The menu will be presented to you. Select the “Employee” option from the menu. 
• A different page will open. 
• Under the services column, there will be an option of ‘Member UAN/online service’; click on that.
• A page will open. 
• Enter your UAN number and password. 
• Click on sign in.
• An OTP will be sent to your registered mobile number. 
• Enter the OTP. 
• Click on the Submit option.
• Your official account page will be displayed on the screen.
•  Search for the ‘Manage’ option and click on it.
• Select the KYC option from the menu. 
• A page will open showing you the options like bank, PAN, and password. 
• Click on the ‘Bank’ option.
• A page will open asking you for the bank details.
• Enter the bank account number of the new bank account you want to link. 
• Again, enter the same bank account number for the confirmation. 
• Enter the bank’s IFSC number. 

Hence, this is how you can change the bank account in EPFO. 

What is the major mission of EPFO? 

The primary mission of the EPFO is to contribute to overall social and economic well-being by expanding the reach and improving the quality of income security programmes for elderly individuals with fairness, integrity, and honesty.

Here are the visions of EPFO for the workforce of India: 

Hence, these are the visions of the EPFO for the working people of the country. 

Bottom line: 

EPFO functions under the Government of India. It provides diverse facilities to the people through a single platform in terms of managing accounts, updating bank information, tracking pensions, etc. EPFO promises to provide a transparent and accessible service with a citizen-centric motive. It gives paperless accessibility to the people, as one can easily change their bank account details through the same portal without any hassle. Moreover, EPFO is focused on the workforce of India to provide a safe and secure working environment. 

FAQs:

When was EPFO established? 

EPFO was established in 1952 under the government of India. 

What are the three major features of the EPFO? 

Citizen-centric services, an innovative approach, and digital-based facilities are the three major features of the EPFO. 

Is it possible to change the banking details through the EPFO website? 

Yes, it is possible to change the banking details easily through the EPFO website. 

What does EPFO stand for? 

EPFO stands for Employees' Provident Fund Organisation.

Is EPFO considered a social security organisation? 

Yes, EPFO is considered one of the social security organisations.

What are the three schemes under the EPFO? 

The EPF scheme, pension scheme, and income insurance scheme are the three major schemes under the EPFO. 

Which ministry handles the EPFO? 

The Ministry of Labour and Employment handles the EPFO. 

Is changing banking details an instant process for the user in EPFO? 

No, the process is not instant; this is because the final approval takes time. Once the approval is done, your bank details will be changed successfully. 

What is UAN? 

UAN is a Universal Account Number; it is a unique identification number provided to people to access the EPFO account. 

Is it possible to change the password for EPFO login if forgotten? 

Yes, one can easily change the password for EPFO if forgotten by clicking on ‘forget password’ below the same column.