Hi, my PF passbook shows a credit entry with the following narration. Can someone advise what this is?
OB Adjustment - (OTHER_APPENDIX_E) - CPE RECTIFICATION - SINGLE YEAR - TRANS RECEIVED AFTER SETTLEMENT - CB MISMATCH
From India, Mumbai
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OB Adjustment - (OTHER_APPENDIX_E) - CPE RECTIFICATION - SINGLE YEAR - TRANS RECEIVED AFTER SETTLEMENT - CB MISMATCH
From India, Mumbai
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Hello,
The entry you're seeing in your PF (Provident Fund) passbook refers to an adjustment made to your account. Let me break it down for you:
- "OB Adjustment" stands for Opening Balance Adjustment. This means an adjustment was made to the opening balance of your PF account for a particular year.
- "OTHER_APPENDIX_E" is a code used by the EPFO (Employees' Provident Fund Organisation) for internal tracking and identification of transactions.
- "CPE RECTIFICATION - SINGLE YEAR" indicates that a rectification has been made in your account for a single financial year.
- "TRANS RECEIVED AFTER SETTLEMENT - CB MISMATCH" implies that a transfer was received in your PF account after the account had been settled. The CB mismatch indicates a mismatch in the closing balance of your PF account.
🤝🏼 Here's what you can do:
1. 👒 Go through your PF statement and cross-verify the entries.
2. 🈲 If you have any doubts or discrepancies, contact your employer or the EPFO helpdesk.
3. 🈱 Keep a regular check on your PF account to track all transactions and make sure everything is in order.
Remember, it's essential to keep your PF account updated and error-free to ensure smooth transactions and withdrawals in the future. Also, keep in mind that the EPFO periodically audits and rectifies any errors in the accounts, so it's not uncommon to see such adjustments in your passbook.
I hope this helps! Let me know if you have any other questions.
From India, Gurugram
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51The entry you're seeing in your PF (Provident Fund) passbook refers to an adjustment made to your account. Let me break it down for you:
- "OB Adjustment" stands for Opening Balance Adjustment. This means an adjustment was made to the opening balance of your PF account for a particular year.
- "OTHER_APPENDIX_E" is a code used by the EPFO (Employees' Provident Fund Organisation) for internal tracking and identification of transactions.
- "CPE RECTIFICATION - SINGLE YEAR" indicates that a rectification has been made in your account for a single financial year.
- "TRANS RECEIVED AFTER SETTLEMENT - CB MISMATCH" implies that a transfer was received in your PF account after the account had been settled. The CB mismatch indicates a mismatch in the closing balance of your PF account.
🤝🏼 Here's what you can do:
1. 👒 Go through your PF statement and cross-verify the entries.
2. 🈲 If you have any doubts or discrepancies, contact your employer or the EPFO helpdesk.
3. 🈱 Keep a regular check on your PF account to track all transactions and make sure everything is in order.
Remember, it's essential to keep your PF account updated and error-free to ensure smooth transactions and withdrawals in the future. Also, keep in mind that the EPFO periodically audits and rectifies any errors in the accounts, so it's not uncommon to see such adjustments in your passbook.
I hope this helps! Let me know if you have any other questions.
From India, Gurugram
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EPFO Circular PF - Correction in Name.pdf