Dear Sir,
While working in my previous company as hr i noticed that both forms i.e. Form 19 & Form 10C were submitted to EPFO from our employees after 2months of resignation etc.
My query is to knw if the person who was employed for less than 5 yrs in one organization can withdraw his pension amount which is 8.33% of employer monthly from EPFO or not..
Please Sir help me out for particular query...
Hoping for earliest reply..!!!
From India, Mumbai
1While working in my previous company as hr i noticed that both forms i.e. Form 19 & Form 10C were submitted to EPFO from our employees after 2months of resignation etc.
My query is to knw if the person who was employed for less than 5 yrs in one organization can withdraw his pension amount which is 8.33% of employer monthly from EPFO or not..
Please Sir help me out for particular query...
Hoping for earliest reply..!!!
From India, Mumbai
Dear Pradnya Bansod
Your question :-
"My query is to know if the person who was employed for less than 5 yrs in one organization can withdraw his pension amount which is 8.33% of employer monthly from EPFO or not.."
Answer:
1. Yes - If a person has worked for 5 years in an organisation, he can withdraw the pension amount (upto <10 yrs this is allowed) or
2. The person can opt to transfer the EPS to the current employer (this is beneficial as the person can have 5 yrs pensionable service and to become eligible for pension, one has to have 10 years of pensionable service)
Regards
K.Ramachandra
Bangalore
Your question :-
"My query is to know if the person who was employed for less than 5 yrs in one organization can withdraw his pension amount which is 8.33% of employer monthly from EPFO or not.."
Answer:
1. Yes - If a person has worked for 5 years in an organisation, he can withdraw the pension amount (upto <10 yrs this is allowed) or
2. The person can opt to transfer the EPS to the current employer (this is beneficial as the person can have 5 yrs pensionable service and to become eligible for pension, one has to have 10 years of pensionable service)
Regards
K.Ramachandra
Bangalore
Dear Mr. Abbas Ji
I disagreed on your statement: 'Accordingly along with the exempted Trust, if your present employer provided to have an exempted pension scheme; the above transfer is not possible.'
It may be I have not correctly followed your statement. Perhaps I hurriedly jumped on your assertion " the above transfer is not possible" without trying to understand what you exactly mean to say. But through this post, I wish to make it clear that I have no disrespect for your post. I otherwise carefully read your posts and find them knowledgeable, well-studied and most useful.
Thanks and regards,
Shyam Agrawal
From India, Pune
I disagreed on your statement: 'Accordingly along with the exempted Trust, if your present employer provided to have an exempted pension scheme; the above transfer is not possible.'
It may be I have not correctly followed your statement. Perhaps I hurriedly jumped on your assertion " the above transfer is not possible" without trying to understand what you exactly mean to say. But through this post, I wish to make it clear that I have no disrespect for your post. I otherwise carefully read your posts and find them knowledgeable, well-studied and most useful.
Thanks and regards,
Shyam Agrawal
From India, Pune
I am trying to check my pf balance on site "" but it is showing the below error :
Status for Member ID: <My pf account number>
Invalid Input/Member name mismatch against this <My pf account number>
** Data updated till 20-04-2015 18:42:45
From United Kingdom, London
Status for Member ID: <My pf account number>
Invalid Input/Member name mismatch against this <My pf account number>
** Data updated till 20-04-2015 18:42:45
From United Kingdom, London
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