Friends, after leaving the job, it is necessary to update the Date of Exit in the service history of the PF, because without the date of exit, you cannot claim full and final PF. But while updating the date of exit in PF, the Exit Reason also has to be told, so that it is clear what reason the employee has left the job. Apart from this, exit reason is also very important in some circumstances. Such as-
If the employee has died due to any reason during the service, the reason for leaving the job while updating the date of exit should be “Death in Service”, only then his nominee will get the benefit of EDLI life insurance, subject to a maximum of Rs. 6 lakhs. Get free insurance amount up to Rs.
EPFO Mark Exit Reasons
By the way, there are total 9 types of exit reasons for updating EPF date of exit. While updating the date of exit by the employee on the UAN member portal, all these nine exit reasons are not available, but all nine PF exit reasons options are available on the login portal of the employer. These 9 exit reasons are as follows-
RETIREMENT
Retirement can take place at any age according to the agreement between the employer and the employee. And while updating the date of exit in PF on retirement taken in this way, the option “RETIREMENT” is selected in exit reason.
DEATH IN SERVICE
If an employee dies during service, the “DEATH IN SERVICE” option is selected in the exit region while updating the date of exit in his PF, and the EDLI insurance amount along with the employee’s PF, pension fund and his nominee Gets it.
SUPERANNUATION
If the member has completed 58 years of age, and is exiting EPS. So while updating the date of leaving the job of the employee, the reason for leaving the job is chosen as “SUPERANNUATION”.
PERMANENT DISABLEMENT
If an employee is accidentally crippled, which cannot be normal again. So while updating the date of leaving the job of such an employee, the reason “PERMANENT DISABLEMENT” is selected in the exit region.
CESSATION (SHORT SERVICE) – Any Other Reason
We join the job many times in our life and leave the job in many places, when leaving the job in normal case, in PF, while updating the date of exit, “CEESSATION (SHORT SERVICE) – any other reason” is selected.
DEATH AWAY FROM SERVICE
If an employee has accidentally died after leaving the service, in this case the option “DEATH AWAY FROM SERVICE” is selected in the exit reason while updating the date of exit in the PF account of the employee.
CESSATION (SHORT SERVICE) – The Employee Ill Health
The reason of “CESSATION (SHORT SERVICE) – the employee ill health” reason is selected while updating the date of exit in the PF account of the employee on leaving the job due to illness or bad condition.
CESSATION (SHORT SERVICE) – The Contraction or Discontinuance of Employment Business
If for some reason the work of the company is not going on continuously and the work of the company is repeatedly stopped and running. The employee has left the job due to lack of regular work, then the debt in his PF account The “CESSTION (SHORT SERVICE) – contraction or discontinuance of employers business” option is selected while updating the exit.
CESSATION (SHORT SERVICE) – Other Cause Beyond the Control of Employee
Any reason that is out of the employee’s control due to which the employee has left the job, while updating the date of exit in the PF account of the employee, “CESSATION (SHORT SERVICE) – other reason beyond the control of employee” The reason is chosen.
So friends, hope that you have come to know about the “Reason of exit in PF” and which PF Exit Reason is chosen for the reason of leaving the job? It must also be known.
