BIG EPFO Update: Now employees can make this change in their EPF accounts too—check out steps listed by retirement fund body
EPFO latest news: The development holds significance as many employees in the past have complained that their former employer was not co-operating or updating exit date, leaving Employees’ Provident Fund Organisation subscribers harried.

In a big relief to the employees, the EPFO has allowed its subscribers to update exit dates online on their own when they switch jobs. The development holds significance as many employees in the past have complained that their former employer was not co-operating or updating exit date, leaving Employees’ Provident Fund Organisation subscribers harried. Earlier, an EPF account holder had to wait for their former employers to update the date.
See Zee Business Live TV Streaming Below:
As per EPFO, subscribers not having exit date on the EPFO cannot withdraw money from their EPF accounts or transfer the account from previous employer to new one. Meanwhile, giving direct access to employees, the retirement fund body has made the process simpler as it can be done by the EPFO subscribers from the comfort of their home. The retirement fund body has also guided in certain steps how you can make the required change in your EPF account.
EPFO exit date: How to update
Step 1 Go to to the EPFO portal www.epfindia.gov.in using your Universal Account Number (UAN) and password.
Step 2: Go to Manage and Click 'Mark Exit'. Choose PF account number from 'Select Employment' dropdown
Step 3: Enter date of exit and reason of exit
Step 4: Click request OTP and enter OTP sent on Aadhaar-linked mobile number. Then select the checkbox
Step 5 Click update and the click Ok.
As you click on the 'Ok' tab, your date of exit will be updated successfully.
Note that the date of exit cannot be marked till two months of leaving the company.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

LIC Saral Pension Plan: How to get Rs 64,000 annual pension on Rs 10 lakh one-time investment in this annuity scheme that everyone is talking about

Gratuity Calculation: What will be your gratuity on Rs 45,000 last-drawn basic salary for 6 years & 9 months of service?

Rs 1,500 Monthly SIP for 20 Years vs Rs 15,000 Monthly SIP for 5 Years: Know which one can give you higher returns in long term

Income Tax Calculations: What will be your tax liability if your salary is Rs 8.25 lakh, Rs 14.50 lakh, Rs 20.75 lakh, or Rs 26.10 lakh? See calculations

8th Pay Commission Pension Calculations: Can basic pension be more than Rs 2.75 lakh in new Pay Commission? See how it may be possible

SBI Revamped Gold Deposit Scheme: Do you keep your gold in bank locker? You can also earn interest on it through this SBI scheme

Monthly Pension Calculations: Is your basic pension Rs 26,000, Rs 38,000, or Rs 47,000? Know what can be your total pension as per latest DR rates
05:57 PM IST