Take care of salary account after changing job in New Delhi

New Delhi: When employees change their jobs, they often change their salary account also. Sometimes this is due to the rules of the new company, sometimes in search of better banking facilities and lower fees. But one important thing is often overlooked in this process: Employees’ Provident Fund Organization (EPFO) money is always sent to the same bank account which is linked to your Universal Account Number (UAN). If your old account is closed or inactive, your claim may be rejected at the time of PF withdrawal. This problem arises when employees need money and apply for claims.

Check these things on the portal before making changes

Before updating the bank account information, it is necessary to ensure which bank account your UAN is linked to by logging into EPFO’s Member e-Seva portal. Many people think that when they change jobs, bank details are automatically updated, but this is not the case. Additionally, also ensure that your Aadhaar and PAN card are fully verified. If there is any spelling mistake in your name or other information, your update request may be rejected. Therefore, if any information does not match, it is necessary to get it corrected.

Update your new bank account in EPFO ​​like this

After logging in to the portal, go to ‘Manage’ section and click on ‘KYC’ option. There you will see your existing bank account. Next, enter your new bank account number and IFSC code carefully, as mistakes usually happen at this step. Also upload a clear photograph of a canceled cheque, if required. After submitting the details, your request is not passed directly, rather it goes to the HR department of your existing company for approval. If HR does not approve it, no changes will be made to the account. Therefore, if your request is pending, immediately contact the salary or HR department of your company.

Do this work in time to avoid future problems

If you claim PF withdrawal and your bank details are found incorrect, EPFO ​​will not process the payment. Your claim will be rejected and you will have to start the entire process again. Getting stuck with money while withdrawing PF advance after leaving the job or in case of any emergency can be extremely stressful. You should remember that your UAN number remains the same throughout your career and only one bank account can be active under it at a time. Therefore, whenever your salary account changes, make it a priority to update it on the EPFO ​​portal. This small work can save you from big problems in future.