A Guide to Link PAN Card with EPF Account

In unexpected situations, quick and easy loans can be a helpful tool. Technological advancements have made applying for an instant loan straightforward. But, with this increase in online activities, the number of fraudulent cases has increased rapidly. To overcome these issues, it has become mandatory to link PAN with EPF.

Wondering what it is and how to add PAN in EPFO? This blog will provide you with all the necessary details regarding the same.

What is an Employees Provident Fund?

Employees Provident Fund or EPF is a type of retirement saving scheme available for salaried employees. Under this scheme, the employer deducts a fixed sum from your salary each month and deposits the contribution along with their share to the EPF account. The accumulated fund can then be used to avail of the loan during an emergency or in the post-retirement phase to help you live a quality life.

Employees Provident Fund Organisation (EPFO) administers the EPF scheme and requires both employees and employers to contribute 12% of the employee's basic salary to the fund.

Why Linking PAN with EPF is Important?

A PAN card is one of the most important financial documents, serving as a tool to monitor taxes paid by entities operating in India. The government has mandated EPFO PAN updates with various financial instruments, including EPF accounts.

This helps streamline tax tracking while ensuring transparency and accountability in financial transactions. Additionally, the EPFO PAN card link facilitates the seamless processing of online EPF claims. It ensures that your KYC (Know Your Customer) details are up to date, making it easier to access and manage your EPF account online.

Linking PAN with EPF: A Way For Instant Loan Application

Linking the PAN card with EPF ensures you can gain instant financial assistance during an emergency. Here are some ways in which it helps:

Enhanced Creditworthiness
When you apply for a loan, lenders usually assess your creditworthiness based on various factors like income, financial history, and any pre-existing liabilities. EPFO PAN card link provides the lender with a comprehensive view of your financial stability. These details help them to verify your creditworthiness and approve the loan request instantly.
Proof of Stable Employment
Salaried individuals generally contribute to the EPF account. The EPF PAN card link serves as proof of employment and reflects your consistent income source, making you a reliable borrower in the eyes of lenders.
Simplification Documentation
When you apply for a loan amount, you must submit numerous documents that help lenders assess your creditworthiness. Generally, you have to maintain a pile of documents and submit them to the lender, which is a tiresome and tedious task. However, with the EPFO PAN card link, you can streamline the documentation process. Lenders can easily and instantly verify your employment details and income, thus saving time during the loan application process.
Reduced Risk for Lenders
Lenders usually prefer to give loans to borrowers who have stable financial backgrounds and whose chances of defaulting on loan payments are generally low. The EPF PAN card link gives them confidence regarding the borrowers' ability to repay the loan. By reflecting on your financial stability, you can also enjoy the benefits of fetching the loan amount with more favourable loan terms, such as lower interest rates or higher loan amounts.

Step-By-Step Guide to Link PAN card with EPF

Now that you know the benefits of linking the PAN card with EPF, let's understand how to seed PAN in EPFO. You can either link through:

Online Mode	Offline Mode
For the EPFO PAN card link online, here is what you need to do: Step 1: To obtain your UAN, you can either check your salary slip, ask your employer directly, or use the "Know your UAN" feature on the EPFO portal. Alternatively, you can send an SMS to 7738299899 from your registered mobile number. Step 2: Log in to the EPFO online portal with the Universal Account Number (UAN) and password. Step 3: After logging in, navigate to the menu bar, click on 'Manage,' and then 'KYC.' Step 4: On the KYC page, you will have to select the 'Document Type' option. Step 5: Select PAN and add your card number. Click on 'Save' to submit the information. Step 6: If the information provided, including your name and PAN number, is accurate, it will undergo automatic verification with the Income Tax Department. Subsequently, your EPFO PAN card link online will be successful.	For Offline mode of how to update PAN in EPFO, mentioned below are the steps: Step 1: Visit your nearest EPFO branch and request the EPFO PAN update form from the relevant official. Step 2: Diligently complete all necessary fields in the form, including your PAN, UAN, name, etc. Step 3: Next, self-attest copies of your PAN Card and UAN and enclose them with the completed form. Step 4: Once you've submitted these documents, your application will undergo verification. Step 5: Upon approval, your PAN will be successfully linked to your EPF account. You will receive notifications regarding EPFO PAN card updates via phone call and email.

Online Mode

Offline Mode

For the EPFO PAN card link online, here is what you need to do:
Step 1: To obtain your UAN, you can either check your salary slip, ask your employer directly, or use the "Know your UAN" feature on the EPFO portal. Alternatively, you can send an SMS to 7738299899 from your registered mobile number.
Step 2: Log in to the EPFO online portal with the Universal Account Number (UAN) and password.
Step 3: After logging in, navigate to the menu bar, click on 'Manage,' and then 'KYC.'
Step 4: On the KYC page, you will have to select the 'Document Type' option.
Step 5: Select PAN and add your card number. Click on 'Save' to submit the information.
Step 6: If the information provided, including your name and PAN number, is accurate, it will undergo automatic verification with the Income Tax Department. Subsequently, your EPFO PAN card link online will be successful.

For Offline mode of how to update PAN in EPFO, mentioned below are the steps:
Step 1: Visit your nearest EPFO branch and request the EPFO PAN update form from the relevant official.
Step 2: Diligently complete all necessary fields in the form, including your PAN, UAN, name, etc.
Step 3: Next, self-attest copies of your PAN Card and UAN and enclose them with the completed form.
Step 4: Once you've submitted these documents, your application will undergo verification.
Step 5: Upon approval, your PAN will be successfully linked to your EPF account. You will receive notifications regarding EPFO PAN card updates via phone call and email.

Online Mode	Offline Mode
For the EPFO PAN card link online, here is what you need to do: Step 1: To obtain your UAN, you can either check your salary slip, ask your employer directly, or use the "Know your UAN" feature on the EPFO portal. Alternatively, you can send an SMS to 7738299899 from your registered mobile number. Step 2: Log in to the EPFO online portal with the Universal Account Number (UAN) and password. Step 3: After logging in, navigate to the menu bar, click on 'Manage,' and then 'KYC.' Step 4: On the KYC page, you will have to select the 'Document Type' option. Step 5: Select PAN and add your card number. Click on 'Save' to submit the information. Step 6: If the information provided, including your name and PAN number, is accurate, it will undergo automatic verification with the Income Tax Department. Subsequently, your EPFO PAN card link online will be successful.	For Offline mode of how to update PAN in EPFO, mentioned below are the steps: Step 1: Visit your nearest EPFO branch and request the EPFO PAN update form from the relevant official. Step 2: Diligently complete all necessary fields in the form, including your PAN, UAN, name, etc. Step 3: Next, self-attest copies of your PAN Card and UAN and enclose them with the completed form. Step 4: Once you've submitted these documents, your application will undergo verification. Step 5: Upon approval, your PAN will be successfully linked to your EPF account. You will receive notifications regarding EPFO PAN card updates via phone call and email.

Online Mode

Offline Mode

Avail Yourself of the Maximum Financial Benefits Through EPFO PAN Card Update!

EPFO PAN card link helps you to streamline your finances with ease. Numerous online financial platforms like KreditBee have revolutionised the entire loan application process to make it easier to apply for a loan instantly. We offer online credit solutions ranging from ₹1,000 to ₹5 lakhs to help both salaried and self-employed individuals meet their requirements.

With our hassle-free loan application process, you can apply for the loan amount from the comfort of your home. If you are new to the credit line and looking for online credit solutions, worry not! We have got you covered. Through KreditBee’s tech-driven and data-centric KYC process, we ensure that new-to-credit and middle-income consumers can easily meet their financial requirements. So, wait no more, and download our instant loan app to enjoy the hassle-free loan application process

Frequently Asked Questions

Once you've completed the procedure for linking PAN with EPF, you'll receive a notification on your registered mobile number.

Failure to EPF PAN card update will result in the deduction of TDS if you withdraw an amount exceeding ₹50,000 from your EPF account.

If there's a mismatch between the name on your PAN card and the PF account, you won't be able to claim your PF amount, regardless of the sum. Therefore, it is essential to consider the PF PAN card link and rectify your name on the PF account to access any services or benefits.

Under such circumstances, you must recheck the name on the PAN Card and mention the same on your UAN account. If there is any discrepancy in the submitted document, it must be corrected. Also, if all the details are correctly submitted, KYC is updated, and there is still a failure, you can file a complaint at https://epfigms.gov.in/Grievance/GrievanceMaster.

AUTHOR

KreditBee As a market leader in the Fintech industry, we strive to bring you the best information to help you manage finances better. These blogs aim to make complicated monetary matters a whole lot simpler.