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PF: Know! How to update your KYC documents

PFO has been seeding various KYC details with UANs like bank account and Aadhaar for improving the delivery of its services.


PF: Know! How to update your KYC documents

Zee Media Bureau

EPFO has been seeding various KYC details with UANs like bank account and Aadhaar for improving the delivery of its services.

It is not mandatory for subscribers to submit their Aadhaar number but it would be required for high value online transaction like withdrawals where money would go out of the EPFO.

At present, EPFO subscribers are using a host of online facilities like transfer of PF and accessing accounts. However, it will take some time but online withdrawal facility would be a reality in near future.

As per the data available on the EPFO website, the body has issued 4.37 crore UANs and 52.26 lakh account holders have provided their Aadhaar numbers for seeding with their portable PF account.

 

From Zee News

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