Categories: FeaturedFinance

Good news for EPFO ​​account holders, they will be able to update details after leaving the job

Delhi: The Employees Provident Fund Organization (EPFO) has ended the major problem of account holders. Now the account holder will be able to update the ‘Date of Exit’ online on changing the job itself. Earlier the company had the right to update the information and this caused the account holders to get very upset to update the PF account.

What was the problem for the employees

In any private limited company, a part of the employee’s salary is deducted as PF. This money is deposited in the employee’s PF account. As long as the employee works in the same company, then there is no problem in it, but when the employee leaves the job and moves to another company, in most cases the employee does not help in updating the old company information. This problem of employees has now been resolved by the Modi government. The right to update the Date of Exit has now been given to the account holder only.

Also, Read This: Laptop is affecting male fertility, know what to keep in mind while using

How to update Date of Exit

The PF account holders first login to the portal https://unifiedportal-mem.epfindia.gov.in/memberinterface/ by giving a UAN and password. On successful login, go to Manage and click Mark Exit. After this, select the PF account number from the select application. Now click on Date of Exit and Region of Exit. Then click on request OTP and enter the OTP on the mobile number linked to Aadhaar. Now select the check box. After this, click on update and click on OK. After doing this, your date of exit will be updated.

What will be the benefit of updating Date of Exit

According to EPFO ​​Assistant Commissioner Avinash Kumar Sinha, if your date of exit is not updated, you cannot withdraw money from your EPF account nor transfer the account from the previous company to the new one but now the EPFO The employees have given the right to update the Date of Exit only. This will end a lot of problem of employees.

theinformalnews

Recent Posts

One Device to Replace All Toll Gates: The End of FASTag Era

New Delhi. The Government of India has approved the satellite based toll system. After the new…

2 years ago

Spend Rs 3 per day and be free from online fraudsters

New Delhi. Nowadays everyone uses the internet, whether it is to shop online, avail banking services…

2 years ago

Amazon Great India Sale 2023: Unveiling Kickstart Deals You Can’t-Miss!

Attention, shopaholics and bargain hunters! Amazon's Great India Sale for 2023 is here, and it's…

3 years ago

Income Tax Refund – Important Update, Income Tax Department Seeks Response from Taxpayers

Income Tax Refund: Those who are eligible for income tax are required to file their…

3 years ago

Amazon Great Indian Festival 2023: Get Ready for the Ultimate Shopping Extravaganza!

Amazon Great Indian Festival 2023: Get yourself ready for the shopping event of the year.…

3 years ago

Big Announcement Regarding Banks, Major Changes Coming to Banking System!

Big Announcement Regarding Banks: The Reserve Bank of India and the government are launching several…

3 years ago