In the wake of RBI imposing restrictions on deposit and credit transactions in the customer accounts of Paytm Payments Bank after Feb 29, 2024, EPFO has decided to keep the beleaguered payments bank accounts out of its network.
To make minor changes in the EPF account, at least two documents from the prescribed list must be submitted, and in case of major changes, three documents will be needed.
In a circular issued on April 23, the EPFO said that applications submitted by employees and joint options for higher pension will be examined by the field office.