- Employees can now update their PF Date of Exit online.
- This helps resolve stuck PF transfers and withdrawals easily.
- Prerequisites include active UAN and 60 days post-last contribution.
After changing jobs, employees often face difficulties transferring the balance from their old Provident Fund (PF) account to the new one or filing withdrawals. The most common reason for this is that the old company has not recorded the date of exit (Date of Exit) in the Employees' Provident Fund Organisation (EPFO) records. If this date is not updated, both your PF transfer and withdrawal process can be stalled.
For this, the EPFO has provided a significant convenience to employees by allowing them to update their "Date of Exit" online.
-You cannot transfer an old PF balance to new account online.
-You cannot make full-and-final settlement (withdrawal) of PF after leaving the job.
-There are also problems in calculating and withdrawing pension (EPS).
ALSO READ: 'Worrisome': SC On Misuse Of EPFO, ITR Data, Asks Centre To Consider Devising Safeguards
Prerequisites For Updating Exit Date Online
1. Your 12-digit Universal Account Number (UAN) must be activated.
2. Your UAN must be linked to your PF account.
3. Your mobile number linked to your account must be active, as the verification code will be sent to that number.
4. At least 60 days (2 months) must have passed since the month in which your previous employer made the last contribution to your PF account. The 'Mark Exit' option on the portal will not work before 2 months.
How To Update On UAN Portal, Step-By-Step Process
You can complete this process in just 5 minutes using your mobile or laptop.
1. Go to the Unified Member portal of EPFO and login by entering your UAN, password and captcha code.
2. After the home page opens, click on the Manage tab given in the top menu. Click on the Mark Exit option from the drop-down list.
3. Go to the Select Employment drop-down and select your old company (Establishment / PF Account) which you have left.
4. After filling the details, click on Request OTP. A 6 digit OTP will come on the registered mobile number linked with your Aadhaar.
5. Enter the OTP, tick the consent checkbox and click on the Update button.
Once the process is complete, a success message will appear on the screen and the updated information will appear in your 'Service History' section.
ALSO READ: Retiring At 58? Here’s How to Estimate Your Monthly EPS Pension
According to EPFO rules, once you enter your 'Date of Exit' online, you cannot change or edit it again. If you accidentally enter the wrong date, you will have to visit the EPFO office to correct it by filling out a 'Joint Declaration Form' with your former employer. Therefore, before submitting, be sure to check your last working date with your employer's relieving letter or last salary slip.