Dear All,
Nowadays, many employees are facing issues with their PF due to discrepancies in their banking details, such as name mismatch.
What should we do? Should we guide our employees to update their bank details again?
Regards,
Mahesh Parmar
From India, Vadodara
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Nowadays, many employees are facing issues with their PF due to discrepancies in their banking details, such as name mismatch.
What should we do? Should we guide our employees to update their bank details again?
Regards,
Mahesh Parmar
From India, Vadodara
Acknowledge(0)Amend(0)
Hi,
In case of any issue during partial withdrawal/full PF withdrawal, if there is an error such as a mismatch in the bank account, advise them to update their bank details again. As per the new process, bank details need to be approved by the respective bank. If not approved by the bank, then it must be approved by the employer followed by the concerned PF office.
Additionally, if the UAN password has not been changed since the beginning, all users need to reset the password and provide a new one. Upon opening the UAN login, there will be a prompt to change the password.
From India, Madras
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1015In case of any issue during partial withdrawal/full PF withdrawal, if there is an error such as a mismatch in the bank account, advise them to update their bank details again. As per the new process, bank details need to be approved by the respective bank. If not approved by the bank, then it must be approved by the employer followed by the concerned PF office.
Additionally, if the UAN password has not been changed since the beginning, all users need to reset the password and provide a new one. Upon opening the UAN login, there will be a prompt to change the password.
From India, Madras
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To avoid a mismatch in employee PF KYC updation, follow the below steps.
Step 1: Employees' PF account should match the details on their Aadhar card. If the employee name in the PF account does not match the Aadhar details, update the employee PF details through the regional PF office.
Step 2: Providing your bank account that you use regularly ensures continuity without any breaks.
Step 3: If the name on your bank account differs from your Aadhar and PF account, update your bank account details through your concerned bank branch to match the Aadhar details. The bank will provide an updated passbook with the name change.
Step 4: Update your new bank account number in the PF account and obtain DSC approval from your employer.
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Step 1: Employees' PF account should match the details on their Aadhar card. If the employee name in the PF account does not match the Aadhar details, update the employee PF details through the regional PF office.
Step 2: Providing your bank account that you use regularly ensures continuity without any breaks.
Step 3: If the name on your bank account differs from your Aadhar and PF account, update your bank account details through your concerned bank branch to match the Aadhar details. The bank will provide an updated passbook with the name change.
Step 4: Update your new bank account number in the PF account and obtain DSC approval from your employer.
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