Do not now PF Claim: Maybe Reject : Friends, from1 April 2021, the Mega Bank Merger has come into force in the country. Under this mega merger, Oriental Bank of Commerce and United Bank of India merged with Punjab National Bank (PNB), Syndicate Bank with Canara Bank, Andhra Bank and Corporation Bank with Union Bank of India and Allahabad Bank with Indian Bank Has gone. And the IFSC code of these banks has changed, in which case the PF member who had linked bank KYC of these banks, if they do PF CLAIM without understanding, then their PF claim might be rejected, Let’s know why?
EPFO Has Done The Work Of PF Member
After the merger of these banks, their IFSC codes have also changed, in such a situation, the PF member who had added KYC of these banks again, by entering the new IFSC code again, after adding the bank KYC again, they got it from their employer. It had to be approved, but by updating the EPFO in their system, the old IFSC code of these banks have been automatically updated to the new IFSC code.
Do Not Cancel PF Claim Now: May Be Rejected
The IFSC code of the PF member who had linked to the bank KYC PF account of these banks has been updated automatically, while they will have the bank passbook or check book with the old IFSC code and if the photo of the old passbook or check book If uploading PF claim, the IFSC code will be mismatched, as the new IFSC code has been updated in the bank KYC and thus the PF claim will be rejected due to the bank detail being mismatched.
How To Claim PF After The New IFSC Code Is Updated?
For this, the PF member should go to their bank branch and get a passbook or check book issue with new and updated IFSC code, after getting the new passbook or check book, upload the photo of it and claim the PF, so that the bank details match after finding the correct one. And the PF claim will be settled.
