I was an employee in an organization for 4 years and 9 months. After resignation, I submitted Form 19 and Form 10C for the withdrawal of my PF amount. I received money against Form 19 and a certificate against Form 10C as I opted. This all took place 7 years ago, and now I am 54 years old. I want to withdraw the amount against Form 10C since there has been no continuation of contribution or membership in PF. My last basic salary was 9600 per month, and I resigned in the year 2010. Could someone guide me on the procedure to submit the pension certificate and get the money back?
From India, Hyderabad
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From India, Hyderabad
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Those who have contributed to the Employee Provident Fund also contribute to the Employee Pension Scheme or EPS. If you have worked in an organization for more than 10 years and you want to withdraw from EPS, you will not get your money but would get an EPS Scheme certificate, which you can use at the age of 60 years to EPFO to get your pension.
According to the EPF Act, to claim final PF settlement, one has to retire from service after attaining 58 years of age. The total PF balance includes the employee's contribution and that of the employer, along with the accrued interest. In addition, he will be eligible to get the Employees' Pension Scheme (EPS) amount as well depending on the years of service.
But what if someone decides to quit his job before reaching 58? Under the existing rule, employees who resign from a job before they turn 58 years of age can withdraw the full PF balance (and the EPS amount depending on the years of service), if he is out of employment for 60 straight days (two months) or more after leaving a job and then withdraw.
Along with the PF, one is also allowed to withdraw the EPS amount if the service period has been less than 10 years and not later on. Once this milestone is crossed, the employee compulsorily gets pension benefits after retirement.
To withdraw the PF balance and the EPS amount, the EPFO has launched a 'composite form' to take care of withdrawals, transfers, advances, and other related payments.
Before you start the withdrawal process, make sure all your previous PF accounts are merged into one. The total service in the present establishment as well as previous organizations will be taken into account, and therefore, it is advisable to merge your accounts.
The withdrawal process becomes simpler and less time-consuming if you have your Aadhaar number with you. Here is how you can initiate the withdrawal for both, with and without Aadhaar.
Withdrawing without using the Aadhaar card number: If you don't have an Aadhaar but have the PF number, use this form - Composite Claim Form (Non-Aadhaar).
You will have to furnish a Permanent Account Number (PAN) if the total service period is less than five years and also attach two copies of Form 15G/15H, if applicable. In case the Universal Account Number (UAN) is not available, you can mention only the PF account number.
Withdrawing using the Aadhaar card number: You can submit a Composite Claim Form (Aadhaar) directly to the concerned EPFO office without attestation of claim form by the employers. The payment of the PF balance will be sent to your bank account, so attach a canceled check along with the form.
Before proceeding, ensure these things: You have submitted complete details in Form11 (New) to your employer, Aadhaar card number and bank account details are available on the UAN portal, and the UAN has been activated. The withdrawal process will entail these conditions. See which one caters to you and choose the form accordingly.
1. Withdrawing PF balance plus EPS amount (for below ten years of service)
If the service period has been less than 10 years, both PF balance and the EPS amount will be paid. To get the EPS amount, in the Composite Claim Form (Aadhaar or Non-Aadhaar), along with choosing 'Final PF balance', also choose the 'pension withdrawal' option. If you plan on rejoining the workforce, you may opt to get the 'scheme certificate' by furnishing Form 10C.
2. Withdrawing PF balance plus EPS amount (over ten years of service)
If you have already completed 10 years of service, the EPS amount cannot be withdrawn, and only the scheme certificate is to be issued by filling Form 10C along with the Composite Claim Form (Aadhaar or Non-Aadhaar). Pension is to be paid from age 58 while a reduced pension can be paid from age 50. One may opt for early pension (reduced proportionately) after 50 years, provided one has completed 10 years of services.
3. Withdrawing PF balance and reduced pension (age 50-58) (over ten years of service)
You can only get a pension after turning 50 years of age and have rendered at least 10 years of service. If your service period has been more than 10 years and you are between the age of 50 and 58, you may opt for a reduced pension. For this, Form 10D has to be submitted along with the Composite Claim Form (Aadhaar or Non-Aadhaar).
4. Withdrawing PF balance and full pension (After 58)
After 58, you have to submit the same Form 10D to claim the full pension. Thank you.
From India, Mumbai
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33According to the EPF Act, to claim final PF settlement, one has to retire from service after attaining 58 years of age. The total PF balance includes the employee's contribution and that of the employer, along with the accrued interest. In addition, he will be eligible to get the Employees' Pension Scheme (EPS) amount as well depending on the years of service.
But what if someone decides to quit his job before reaching 58? Under the existing rule, employees who resign from a job before they turn 58 years of age can withdraw the full PF balance (and the EPS amount depending on the years of service), if he is out of employment for 60 straight days (two months) or more after leaving a job and then withdraw.
Along with the PF, one is also allowed to withdraw the EPS amount if the service period has been less than 10 years and not later on. Once this milestone is crossed, the employee compulsorily gets pension benefits after retirement.
To withdraw the PF balance and the EPS amount, the EPFO has launched a 'composite form' to take care of withdrawals, transfers, advances, and other related payments.
Before you start the withdrawal process, make sure all your previous PF accounts are merged into one. The total service in the present establishment as well as previous organizations will be taken into account, and therefore, it is advisable to merge your accounts.
The withdrawal process becomes simpler and less time-consuming if you have your Aadhaar number with you. Here is how you can initiate the withdrawal for both, with and without Aadhaar.
Withdrawing without using the Aadhaar card number: If you don't have an Aadhaar but have the PF number, use this form - Composite Claim Form (Non-Aadhaar).
You will have to furnish a Permanent Account Number (PAN) if the total service period is less than five years and also attach two copies of Form 15G/15H, if applicable. In case the Universal Account Number (UAN) is not available, you can mention only the PF account number.
Withdrawing using the Aadhaar card number: You can submit a Composite Claim Form (Aadhaar) directly to the concerned EPFO office without attestation of claim form by the employers. The payment of the PF balance will be sent to your bank account, so attach a canceled check along with the form.
Before proceeding, ensure these things: You have submitted complete details in Form11 (New) to your employer, Aadhaar card number and bank account details are available on the UAN portal, and the UAN has been activated. The withdrawal process will entail these conditions. See which one caters to you and choose the form accordingly.
1. Withdrawing PF balance plus EPS amount (for below ten years of service)
If the service period has been less than 10 years, both PF balance and the EPS amount will be paid. To get the EPS amount, in the Composite Claim Form (Aadhaar or Non-Aadhaar), along with choosing 'Final PF balance', also choose the 'pension withdrawal' option. If you plan on rejoining the workforce, you may opt to get the 'scheme certificate' by furnishing Form 10C.
2. Withdrawing PF balance plus EPS amount (over ten years of service)
If you have already completed 10 years of service, the EPS amount cannot be withdrawn, and only the scheme certificate is to be issued by filling Form 10C along with the Composite Claim Form (Aadhaar or Non-Aadhaar). Pension is to be paid from age 58 while a reduced pension can be paid from age 50. One may opt for early pension (reduced proportionately) after 50 years, provided one has completed 10 years of services.
3. Withdrawing PF balance and reduced pension (age 50-58) (over ten years of service)
You can only get a pension after turning 50 years of age and have rendered at least 10 years of service. If your service period has been more than 10 years and you are between the age of 50 and 58, you may opt for a reduced pension. For this, Form 10D has to be submitted along with the Composite Claim Form (Aadhaar or Non-Aadhaar).
4. Withdrawing PF balance and full pension (After 58)
After 58, you have to submit the same Form 10D to claim the full pension. Thank you.
From India, Mumbai
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Dear Sir,
Please submit only Form 10C. Since the EPS contribution is below 9.6 years, EPFO allows you to withdraw your EPS amount. However, make sure that the respective UAN number linked with your Aadhar number is approved by your employer. When submitting Form 10C, kindly enclose your Aadhar and PAN xerox copies (attested by the employer). Also, enclose a xerox copy of the EPS certificate for 4.9 years of service.
Regards,
Naresh Arvind
9000105958
From India, Hyderabad
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Please submit only Form 10C. Since the EPS contribution is below 9.6 years, EPFO allows you to withdraw your EPS amount. However, make sure that the respective UAN number linked with your Aadhar number is approved by your employer. When submitting Form 10C, kindly enclose your Aadhar and PAN xerox copies (attested by the employer). Also, enclose a xerox copy of the EPS certificate for 4.9 years of service.
Regards,
Naresh Arvind
9000105958
From India, Hyderabad
Acknowledge(0)Amend(0)
Hi,
I worked in a private firm for 14 years and then changed jobs. While my PF was settled by the company, I did not apply for a pension certificate due to a lack of awareness. The said company has been taken over by a multinational corporation and changed its name and office location.
I want to apply for a pension certificate. What could be the way forward?
Thanks in advance.
From India, New Delhi
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I worked in a private firm for 14 years and then changed jobs. While my PF was settled by the company, I did not apply for a pension certificate due to a lack of awareness. The said company has been taken over by a multinational corporation and changed its name and office location.
I want to apply for a pension certificate. What could be the way forward?
Thanks in advance.
From India, New Delhi
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