EPFO KYC Update: EPFO (Employees’ Provident Fund Organization) announced two big reforms on 3 April 2025, which will directly benefit crores of EPF members and employers. The main aim of these reforms is to simplify the claim settlement process and make the business process hassle-free. Let us understand in detail what these new changes are and how they will be beneficial for you.
Recently, two new EPFO KYC Update in PF claim settlement process were posted on 03 APR 2025 1:41 PM by Press Information Bureau (PIB) Delhi. PIB is a nodal agency of the Government of India under the Ministry of Information and Broadcasting, responsible for disseminating information to the media. Dr. Mansukh Mandaviya, Minister of Labour and Employment also shared this PF KYC update through a tweet on social media platform X.
In this article, we’ll provide all necessary links to check the authenticity of the news. So, tighten your belt and read the complete details. Since the update came recently, it may take a few days to come into action.
EPFO KYC Update 1: No Need To Upload Cheque Leaf or Bank Passbook Image
What used to happen earlier?
If you used to file a PF claim online, you had to upload a scanned image of:
• Cancelled cheque leaf
• Or photo of verified bank passbook
This image was required to verify the bank account. But there were many problems in this process:
• If the image quality was poor, the claim was rejected
• Taking, scanning and uploading photos for members was an extra burden
What has changed now?
EPFO has removed the requirement of uploading this extra document. Why? Because when the bank account is linked to UAN (Universal Account Number), only then the name of the account holder is verified.
How many people will benefit?
- This rule was implemented on a pilot basis on some members from 28 May 2024
- Till now 1.7 crore members have benefited
- After full rollout, now more than 6 crore members will get immediate benefit
Benefits:
- Process has become simpler
- There will be a reduction in cases of claim rejection
- It will be easy to file members
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EPFO KYC Update 2: No Need For Employer Approval To Add Bank Account
How did the system work earlier?
When a member linked his bank account to UAN, employer approval was required after bank verification. This approval was given through Digital Signature (DSC) or e-sign.
What problems were there?
- Employers took an average of 13 days to give approval
- There were approximately 15 lakh cases where employer approval was pending
- Due to this, the claim process of members was delayed
What improvements have been made now?
After bank verification, there will be no need for employer approval. Once the bank confirmation is received, the job is done!
How many requests are there daily?
- Approx. 36,000 bank linking requests are received
- It takes an average of 3 days to verify banks
Direct Benefits:
- Claim process will be expedited
- 15 lakh pending cases can be processed immediately
- Employers’ workload will be reduced
What will be the benefits for EPF members?
- More transparency and less paperwork
- Saving of both time and effort in claim process
- Facility of Faster PF withdrawal
What will be the benefits for employers?
- Admin work has become less
- Ease in compliance
- Opportunity to provide efficient and fast services to employees
Dr. Mansukh Mandaviya, Minister of Labour and Employment also shared the EPFO KYC Update on x.com
This shows that the government is working keeping in mind both ease of living and ease of doing business.
Statistical Insight: How Big Is This Step?
Earlier parameters
- Image Upload Requirement was mandatory now optional (removed)
- Employer Approval for Bank Linking 13 days average now not required
- Daily Bank Linking Requests ~36,000 As-it-is, now fast processing
- Benefit Reach 6 crore+ members Immediate
- Pending Employer Approvals ~15 lakh can now be auto-approved
Why Are EPFO KYC Updates Important?
1. Digital India Step
Both these reforms promote digital governance in which paperwork is minimum and online processes are more transparent.
2. Complaint Reduction
EPFO used to get a lot of complaints regarding rejected claims. After these reforms, rejected cases and grievances will come down.
3. Time saved, stress gone
The most important thing for a member is his time. These reforms will directly provide time-saving and stress-free experience.
Do you have to do anything?
If you are an EPFO member:
- If your UAN and bank account are already linked, you don’t have to do anything
- While linking a new account, you don’t have to worry about approval from the employer
EPFO’s Reform Journey is still left! This is just the beginning.
Further improvements are expected such as:
- Real-time claim tracking
- Automated alerts and grievance redressal
- AI-based claim verification
Understand with caution:
- Requirement of cheque photo upload removed
- Employer approval removed
- Faster claim settlement process
- 6 crore+ log immediate benefit in this
- Another step towards Digital India
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Conclusion: Changes That Make Life Easier
These two EPFO KYC Updates are not just policy changes, but steps that will make life easier for a common man. This will not only provide relief to the members but will also relieve employers from the hassle of compliance and documentation.
When the system is simple, trust increases. EPFO has taken a trustworthy step which is a positive signal for every working professional.
Check authenticity of the EPFO KYC Update News from this link – PIB Official News
EPFO KYC Update Related FAQs
Q.1 How to update EPFO KYC bank details?
To update your EPFO KYC bank details, log in to the EPFO member portal, navigate to the “Manage” tab, select “KYC,” and then update the bank details with your account number and IFSC code, ensuring to verify the IFSC code before saving.
Q2. Can the bank account be linked without the approval of the employer?
Yes, now only bank verification is enough.
Q3. Will the old pending requests also be approved?
Yes, almost 15 lakh pending approvals will now be processed immediately.
Q4. Since when have these reforms been implemented?
These rules have been implemented all over India from 3 April 2025.
Q5. Are these changes applicable for all members?
Absolutely, these reforms are applicable for all EPFO registered members.
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