How to update date of exit in EPF Account: The big problem of EPFO account holders is over now. They will now be able to update the ‘Date of Exit’ themselves after changing jobs. Previously, the company had the right to update this information. Due to this, the employees had to be very upset to update the PF account.
The Employees Provident Fund Organization (EPFO-Employees Provident Fund Organization) has launched a new facility for its account holders. Now you can enter the date of leaving the job from one place in the EPFO system itself. Previously, an employee had to depend on the company for this. The company itself used to enter or update the date of joining and leaving the company of the employee. For some reason, money was stuck when the date of exit of the Employee was not updated by the company.
In any private limited company, a part of the employee’s salary is deducted as PF. This money is deposited in the employee’s PF account.
As long as the employee works there, then there is no problem in it, but the problem occurs when he leaves the job and moves to another company.
In most cases it is seen that the old company does not help in updating the information. This problem of the employees has now been resolved by the Central Government. Now they can update it online and in an easy way.
Now you can easily withdraw money from your PF account
According to former Assistant Commissioner AK Shukla, now due to the new facility given to the employee to register a date of exit in the EPFO system, it has become easier to withdraw or transfer money from the fund.
If you also want to enter a date of exit in your PF account, then its process is very easy as well as online.
Once the date of exit is updated in the EPFO system, it cannot be changed. Also keep in mind that if you have recently left the job, then you will have to wait 2 months to file an exit date as it will be updated only after 2 months of the last contribution of the employer in PF.
Let’s know its complete process
(1) First go to https://unifiedportal-mem.epfindia.gov.in/memberinterface/. Log in here by entering UAN, password and captcha code. Remember your UAN must be active.
(2) Now click on the ‘Manage’ tab in the section above on the newly opened page. After this, select ‘Mark Exit’.
Now the ‘Select Employment’ dropdown will appear in front of you. In it, choose the old PF account number which is linked to your UAN.
(3) After this there will be a detail show related to that account and job. Now put the date and reason for leaving the job. The reasons for leaving the job will be options like retirement, short service. After this, click on ‘Request OTP’. It will come on the mobile number linked to your Aadhaar. Now insert OTP in the specified space.
(4) Then select the check box. Finally, click on update and then OK. Now your date of exit has been submitted.
Can not withdraw money
According to EPFO, if your date of exit is not updated, you cannot withdraw money from your PF account nor transfer the account to a new company. But now the EPFO has given the right to update the date of Exit only to the employees. This will give them a lot of relief.
