Do this on EPFO portal if you leave your job!

Anushka Rathod • 1 day ago

Original source

What This Video Is About

This video discusses an important update for EPFO members regarding their employment status and EPF withdrawal. After resigning from a job, it is crucial to update the employment status on the EPFO portal to avoid issues with withdrawing EPF money.

Major Ideas Discussed

  • EPFO members can withdraw 75% of their EPF amount immediately after resigning, including their contribution, employer's contribution, and interest, and the remaining 25% after one year.
  • Updating employment status on the EPFO portal is necessary to withdraw EPF money, and failure to do so may result in claim rejection.
  • The employment status can be updated on the EPFO portal 60 days after the last EPF contribution, by logging in, going to the "Manage" section, clicking on "Mark Exit", and verifying details using Aadhaar OTP.
  • It is advised to get the company to update the employment status first, as otherwise, there will be a 60-day waiting period.

What to Watch Next

EPFO members should monitor their employment status and EPF withdrawal process, and be aware of the importance of updating their employment status on the EPFO portal after resigning from their job.