What is Mark Exit in EPF? – Check Complete Information

What is Mark Exit in EPF? 2023– As per our readers’ demand and comments, we are publishing this article. If you want to know about What is Mark Exit in EPF?, continue reading and learn more.

What is Mark Exit in EPF?

Mark Exit is a feature in the Employees’ Provident Fund (EPF) that allows employees to update their date of exit from their previous job. The date of exit is updated when the contribution from the employees and employers is stopped, and it can only be marked two months after the last contribution. 

Employees can update their date of exit online in the UAN portal without employer approval by following these steps:

1. Step 1: Login to your PF account.
2. Step 2: Click on ‘Manage‘.
3. Step 3: Select the ‘Mark Exit‘ option from the drop-down.
4. Step 4: A new page will appear where you can enter the date of exit.
5. Step 5: Click on ‘Update‘ to save the changes.

By marking the date of exit, employees can ensure that their EPF account is up to date and avoid any issues with their contributions or withdrawals in the future.

What happens if an employee is not marked as exited in EPF?

If an employee is not marked as exited in EPF, it can create difficulties for them in the future. Some of the consequences of not marking exit in EPF are:

1. Delay in withdrawal: If an employee does not mark their exit date, it can delay the withdrawal process of their EPF amount. The employee will not be able to withdraw their full amount until the exit date is updated.
2. Issues with transfer: If an employee wants to transfer their EPF account to a new employer, not marking the exit date can create issues. The transfer process may get delayed or rejected, and the employee may have to go through a lengthy process to resolve the issue.
3. Incorrect balance: If the exit date is not marked, the EPF balance may not be accurate. This can create confusion and discrepancies in the employee’s EPF account.

Therefore, it is essential for employees to mark their exit date in EPF to avoid any issues in the future.

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