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EPFO: Is your interest of PF stuck due to KYC being wrong? So do sitting at home like this

Interest money has not been deposited in the account of about 40 lakh Provident Fund (PF) shareholders associated with the Employees Provident Fund Organization (EPFO).


At the same time, the government has announced to deposit interest money in PF accounts for the financial year 2019-20, about one and a half months ago. Interest of about 8 to 10 per cent PF shareholders is not deposited in their account. This mismatch is due to KYC. The EPFO ​​has attributed this to the mismatched KYC (Know Your Customer) provided by employers.

Get KYC done at home

You will not need to go anywhere to complete KYC in a PF account. You can get your KYC done at home. You go to the UAN portal and click the option of KYC and click one by one on the section with PAN, Aadhaar, mobile number, bank account in the open window in front. Fill in your information and submit it. Now your PAN and Aadhaar will be added. However, to verify this you will need to ask your employer. You will be able to avail online facility as soon as the employer verifies.

Many types of losses on completion of KYC

It is very important for the provident fund account to be KYC. If KYC is not correct or not completed then you cannot avail the online service of EPFO. Money cannot be withdrawn from PF accounts without KYC. If there is no KYC, EPFO ​​members will not be able to take advantage of the many online services of the e-Seva portal. These include services such as withdrawal, account transfer, nominee creation.

Easy to find the amount deposited in the account


It has become easy for EPFO ​​shareholders to trace the amount deposited in their PF account. According to the new facility of EPFO, now EPFO ​​account holders will not need UAN number to know the balance of their PF account. Shareholders now users can also know the balance of PF only by submitting their details.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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