KYC OF EPF ACCOUNT
SBI relaunches Aadhaar-based online savings account opening facility
The 'insta savings bank account' will offer a complete paperless and instant digital savings account opening with just PAN and Aadhaar number, the bank said in a release.
How to complete KYC process in your EPF account
If your EPF account is not KYC compliant, then the EPFO can reject the request raised by you ...
Kotak Mahindra Bank becomes first Indian lender to allow video KYC
Private sector lender preps for life during COVID announcing the initiativ...
EPF withdrawal: Step-by-step guide to withdraw money online
The funds from EPF account can be withdrawn for various purposes such as marriage, buying a house, repayment of housing loan etc. However, there are certain conditions that must be met to withdraw money. Here's everything you need to know about it.
5 reasons for rejection of EPF withdrawal claim and how to avoid it
Given below are five reasons why your EPF withdrawal claim can get rejected by the EPFO and what you should do to avoid the rejection of a claim.
Transfer of EPF accounts: 17 questions answered by EPFO
Here are the 17 questions and their answers for those members looking to transfer their EPF accounts to new employers.
How to use ICICI Bank's video KYC for savings account, personal loan and credit card
During the process, the verification of a prospective customer's KYC documents and signature are recorded via a video call with an ICICI Bank officer, thus doing away with the need of the customer physically visiting a bank branch
EPFO updated KYC data for 52.62 lakh subscribers in April, May
This includes Aadhaar seeding for 39.97 lakh subscribers, mobile seeding (UAN activation) for 9.87 lakh subscribers and bank account seeding for 11.11 lakh subscribers, the Employees’ Provident Fund Organisation said in a statement on Wednesday.
EPF withdrawal: How to check, change bank account details in your EPF account
It is important that your correct bank account with IFSC is linked to your Universal Account Number to receive the credit of EPF funds timely.
IDFC First Bank launches video KYC facility for customers to open savings accounts
The zero-contact method completely does away with paper work or biometric verification, thereby removing physical interaction between the bank and customer from the know your customer (KYC) process, IDFC First Bank said in a release.
'Low KYC' norm to help mobile wallets retain their customers
An estimated over 200 million mobile wallets ran the risk of being cancelled by the regulators, once the deadline to upgrade their non-compliant accounts to ‘full KYC’ accounts expires on February 29. These are mostly the accounts whose KYC authentications through Aadhaar were ruled invalid by the Supreme Court by its landmark 2018 verdict.
EPF withdrawal due to coronavirus: 20 questions answered by EPFO
To help EPF members with the withdrawal process due to coronavirus, on April 26, 2020, the EPFO issued a set of FAQs.
Highways ministry urges RBI to exempt FASTags from KYC norm
Currently, vehicle owners need to give details of the vehicle, including its registration proof, and also relevant documents for individual identity and address to acquire FASTags.
EPFO is settling coronavirus-related withdrawal claims in three days: Here's how
Artificial Intelligence is playing a major role in bringing down the withdrawal time from the usual requirement of 10 days.
How to make EPF withdrawal claim online
To apply for claim online, an EPF account holder should satisfy three conditions. Also as per amended EPF rules, members can now withdraw from their EPF accounts to tackle covid-led financial distress.
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