Introduction
The Employees’ Provident Fund (EPF) is a retirement savings scheme that provides financial security to employees in India. It is important for employers to ensure that their employees’ KYC (Know Your Customer) details are up to date and accurate. In the past, employers had to use digital signatures to approve KYC details, but now they can use e-signatures to do the same. This article will explain how to approve KYC in EPF without digital signature by using e-sign.
How To Approve KYC In EPF Without Digital Signature By Using E Sign
1. Log in to the EPFO portal using your UAN and password.
2. Go to the ‘Manage’ tab and select ‘KYC’ from the drop-down menu.
3. Select the KYC type you want to approve and click on ‘Submit’.
4. Enter the Aadhaar number and click on ‘Verify’.
5. Enter the OTP received on your registered mobile number and click on ‘Submit’.
6. Select the ‘eSign’ option and click on ‘Submit’.
7. Enter the OTP received on your registered mobile number and click on ‘Submit’.
8. Enter the OTP received on your registered email address and click on ‘Submit’.
9. Your KYC will be approved without a digital signature.
There are so many cases where employees KYC details update requests are not getting approval from their employer. Even though the employees are updating their details in UAN member portal, still they are not getting approval. Generally when an employee updates his KYC details then the employer will find those details immediately in their employer PF portal, if they have valid digital signature then they can approve the KYC details requests immediately. But the problem here is some employers aren’t aware of the digital signature, so the employees KYC update requests will remain pending at PF portal. Last year EPFO introduced Aadhar based E Sign to approve the KYC requests of employees, here we know how to approve KYC in EPF without digital signature by using Aadhar based E sign.
How To Approve KYC In EPF Without Digital Signature
Whatever a digital signature can perform in employer PF portal the same can be performed by E Sign. But the main difference is E Sign doesn’t need any physical hardware like the digital signature. You know when we use digital signature then we need to connect the digital signature pen drive to the system, and while using digital signature we face so many problems like Java errors etc. When we use E sign then we don’t face all those problems.
EPF KYC Approval By e Sign:
When an employee updates his KYC details like Aadhar, bank and PAN details at UAN member portal then the employer can find those requests in approval section of employer PF portal.
When employer clicks on approval then pending KYC requests will appear. They can check them by clicking on view option. Here the employer can find 3 options, they are 1. Approve KYC with digital signature 2. Approve KYC with E Sign and 3 Reject KYC update request.
When the employer doesn’t have digital signature then they have to click on eSign KYC. Once they click on e Sign KYC the authorized person details will appear. Now tick the checkbox and click on generate OTP then the authorized person of e Sign will receive an OTP. Once he receives the OTP then enter that OTP and approve KYC requests of employees.
Remember the OTP will be sent to the mobile number registered with Aadhar card of the authorized person. Do share your doubts on how to approve KYC in EPF without digital signature by using E Sign.
How To Approve KYC In EPF Without Digital Signature By Using E Sign
The Employees’ Provident Fund (EPF) is a retirement savings scheme that is managed by the Employees’ Provident Fund Organisation (EPFO). It is a mandatory savings scheme for all salaried employees in India. The EPF is a great way to save for retirement, but it can be difficult to manage the paperwork and approvals required to access the funds. Fortunately, the EPFO has recently introduced the e-sign facility, which allows employers to approve KYC documents without the need for a digital signature.
What is e-sign?
E-sign is an electronic signature service that allows employers to approve KYC documents without the need for a digital signature. It is a secure and convenient way to approve documents, as it eliminates the need for physical signatures and paperwork. The e-sign facility is available to all employers registered with the EPFO, and it is free of cost.
How to use e-sign to approve KYC documents?
To use the e-sign facility to approve KYC documents, employers must first register with the EPFO. Once registered, employers can log in to the EPFO portal and select the ‘e-sign’ option. They will then be prompted to enter the details of the employee whose KYC documents they wish to approve. The employer will then be asked to enter their own details, such as their name, address, and contact information. Once the details have been entered, the employer will be asked to upload the KYC documents. Once the documents have been uploaded, the employer will be asked to review and approve the documents. Once the documents have been approved, the employer will receive a confirmation email.
Benefits of using e-sign to approve KYC documents
Using the e-sign facility to approve KYC documents has several benefits. It is a secure and convenient way to approve documents, as it eliminates the need for physical signatures and paperwork. It also saves time, as employers do not have to wait for the documents to be physically signed and returned. Additionally, it is free of cost, so employers do not have to pay any additional fees for using the service.
Conclusion
The e-sign facility is a great way for employers to approve KYC documents without the need for a digital signature. It is a secure and convenient way to approve documents, as it eliminates the need for physical signatures and paperwork. Additionally, it is free of cost, so employers do not have to pay any additional fees for using the service. Therefore, it is a great way for employers to save time and money when approving KYC documents.
