The Employees’ Provident Fund Organisation (EPFO) has been consistently trying to make life simpler for account holders. Not only has it simplified the process of transferring and withdrawing funds, it has now made it possible for account holders to update the date of leaving an organisation, in their EPFO records.
In the past, only the employer could update this date. And without this exit date it was not possible for an account holder to withdraw money from the account or even transfer the account to a new employer.
However, now EPF account holders can use the Member e-Sewa portal to update the exit date in their EPFO records, online.
All they need to do is, log in to the Member e-Sewa portal by entering their Universal Account Number (UAN), password, and captcha code. Then they have to click on the ‘Manage’ tab and select the ‘Mark Exit’ option. This opens a new tab, where the employer and EPF account can be selected for updating the exit date. This date will have to be two months after the last contribution made by the employer. Once the date is entered, the reason for exit also has to be mentioned. The updation requires the employee to enter an OTP code that is sent to the Aadhaar-linked mobile number of the employee. A click on the ‘update’ option takes care of everything else.
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Reporting of data of exited employees is the statutory duty of the employer under the provisions of EPF Act,52. EPFO shall take care that all employers do so.
By allowing employees to update their Date of Exit may cause issues at a later date if there are mismatches.