EPFO UPDATE 2020 – The Employees Provident Fund Organization (EPFO) has made it easier for employees to withdraw or transfer money from the fund. As we already know that the online payment withdraws facility is already providing by the EPFO. But these changes make easier to withdraw their funds to the bank account of the PF holder.
Now, the EPFO update has brought a new feature for its customers. There are some problems many of employees facing whenever they want to withdraw the PF amount. Actually, due to no date of leaving the company in the EPFO system, withdrawal or transfer of funds was stuck.
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Now the Provident Fund Organization has started a new facility on the Unified Portal (UAN Portal) to solve this problem. Under this facility, the employee can update the date of leaving the previous company himself.
Before that this date of leaving update made by the employer. So there are big trouble faces by the pf holders. That’s why the EPFO update makes some changes in the date of leaving the segment. Now you can update your date of leaving on your own.
Notice – Kindly note that if you have recently left the job, then you will have to wait for 2 months to enter the exit date. This is because the exit date can be updated by the company after the last contribution.
Below are the steps to make an update about the date of leaving in EPFO portal
To register the date of leaving the company, You have to log in to the EPFO portal with your universal account number (UAN) and password. But before making any change in date of leaving, kindly ensure yourself that whether it is already registered in the system or not.
If you want to know about your exit date. Go to ‘View’ on the top panel and click on ‘Service History’. In this way, if the date of leaving the company is already recorded, then you will know.
>> First click on ‘My Account‘ on the top panel and click on ‘Mark Exit‘ in it.
From this, select the company on the next page below.
On its next page, you have to enter the date of birth, the date of joining the company and the date of leaving the company.
Then enter. Here employees can choose a date for the last month of contribution. To know the last month of PF contribution, you can go to the top panel of EPFO.
>> Here member ID, company name, last month of contribution will be received from the company.
OTP will be verified on the mobile number
Usually, if you have left the company before the 15th of the month, then the data recorded in your letter should be written on the exit date. Also, know that OTP will be sent to the mobile number registered with your Aadhaar.
If there is a separate mobile number in the EPFO record, then OTP will not come on it.