Good news for EPFO account holders! Now, you can update exit date online - Here is how
The Employees' Provident Fund Organisation gave a good news to EPFO subscribers on Wednesday morning, by announcing that they can update the exit date online through the EPFO portal.
The Employees' Provident Fund Organisation gave a 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 comes 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 scenario, you will be asked to pay a tax on the interest earned during the intervening period.
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How to update exit date online via EPFO Portal?
1. Log in to 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 of 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 'View' option and select 'Service History'. The date of joining and exit from both EPF and EPS will be shown here.
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