Crucial Warning for Millions of Subscribers
The Employees’ Provident Fund Organisation (EPFO) has issued an important advisory for millions of PF account holders across the country. The organisation has warned that incorrect details related to job joining or exit dates in PF accounts can lead to financial losses, including reduced interest and pension benefits.
Why “Date of Exit” Matters
According to EPFO, even a small discrepancy between the date of joining and the “Date of Exit” can significantly impact your Provident Fund balance and pension eligibility. Ignoring this detail may prove costly, especially at the time of retirement.
The “Date of Exit” is also essential for calculating pension under the Employees’ Pension Scheme (EPS).
Risks of Incorrect or Missing Details
If the “Date of Exit” is not updated or is incorrect, users may face several issues:
- PF claim rejection
- Delay in withdrawal of funds
- Errors in pension calculation
- Lower pension amount after retirement
- Difficulty in closing old PF accounts
- Problems in transferring PF to a new employer
Additionally, without updating the exit date, online PF withdrawal is not possible.
Now Update Details Yourself
Earlier, only employers had the authority to update the “Date of Exit,” often causing delays. However, EPFO has now enabled employees to update this detail самостоятельно through the UAN portal.
Subscribers can update the exit date themselves after two months of leaving their job.
Steps to Update “Date of Exit”
To update your details, follow these steps:
- Log in to the UAN portal
- Go to the “Manage” tab
- Select the “Mark Exit” option
- Choose your previous employer and PF account
- Enter the exit date and reason
- Verify using OTP sent to your Aadhaar-linked mobile number
- Submit the request
Documents Required for Correction
To correct joining or exit dates, the following documents may be required:
- Offer letter
- Relieving letter
- Salary slips
- Aadhaar card
Check Your PF Details Today
EPFO has urged all subscribers not to delay. Users should log in to the UAN portal and check their “View Service History” section immediately. If the “Date of Exit” is missing or incorrect, it should be corrected without delay to avoid future complications.
Ensure Financial Security
Keeping your PF records accurate is essential for ensuring smooth withdrawals, correct pension calculation, and long-term financial security.