Highlights:
- You are no longer dependent on your ex-employer to update the exit date on the EPFO portal
- It is important for provident fund subscribers to keep their EPF account updated
The Employees’ Provident Fund Organisation gave the good news to EPFO subscribers on Wednesday morning, by announcing that they can update the exit date online through the EPFO portal. In a tweet, EPFO said that from now on, employees can also update their date of exit. The features come handy for those who have changed jobs. As of now, they were dependent on their ex-employers to declare the date of exit since the facility was not available online.
“Now employees can also update their date of exit,” EPFO announced on Twitter today. The date of exit plays an important role in claim submissions, transfers and settlements later on. In case you fail to update the date, your employment might not be treated as continuous. In such a scenario, you will be asked to pay a tax on the interest earned during the intervening period.
How to update the exit date online via EPFO Portal?
1. Log in to the EPFO portal with your UAN (Universal Account Number) and password.
2. Look for the ‘Manage’ section and under it, click on ‘Mark Exit’.
3. In the ‘Select Employment’ menu, choose your PF number.
4. Fill in the date of exit and the reason for the exit.
5. Request OTP and enter it to update the date.
6. You will receive a confirmation message on the registered mobile number.
Once done, you can go to the ‘View’ option and select ‘Service History’. The date of joining and exit from both EPF and EPS will be shown here.
You cannot mark your date of exit before two months of leaving the company. In the past, several EPF subscribers had complained that their previous employers are not co-operating in declaring the date of exit on the EPFO portal.
