EPFO Warning: Provident fund deducts a portion of the salary of people working in a private limited company.
This money will come to you after retirement. PF account transfer on job change. Provident fund money will not be transferred or withdrawn until the account exit date is updated. If you change your job and do not update your exit date, your PF money may get stuck. The Employees Provident Fund organization has provided a great facility to solve this problem. Now employees can enter the date of leaving the job themselves. Previous employees relied on the company for this. The company has the sole right to record the date of departure for the employee to join the company.
How to update the departure date
The procedure for updating the exit date on the PF account is very simple. However, if you have recently left the job, you will have to wait 2 months to file the exit date.
Also Read: EPF Benefits: PF account holders get more than 25 benefits
This is the whole process
Go to https://unifiedportal-mem.epfindia.gov.in/memberinterface/, enter your UAN, password and captcha code and log in. Now go to Manage and click Mark Exit. Select your PF under the drop down and update the exit date by reason. Now click for OTP and enter the OTP received from the Aadhaar Linked Mobile Number. Then select the check-box and click on Update option. Your departure date will be updated.
