Dear Seniors,
I have a question regarding EPS withdrawal. Recently, I got to know that EPS cannot be withdrawn before retirement age. Is it true?
During our career, we change many companies and complete two forms: EPC form 19 and EPS form 10 C for withdrawals after leaving the company. I got to know that only PF withdrawal form is processed and not the pension form, as we have not reached retirement age. I think this is not true.
Whereas, on the internet, I found out that EPS can be withdrawn if one has less than 10 years of service with any company. If one completes 10 or more years, EPS cannot be withdrawn.
I am a little confused. Please clarify what is correct.
From India, Mumbai
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I have a question regarding EPS withdrawal. Recently, I got to know that EPS cannot be withdrawn before retirement age. Is it true?
During our career, we change many companies and complete two forms: EPC form 19 and EPS form 10 C for withdrawals after leaving the company. I got to know that only PF withdrawal form is processed and not the pension form, as we have not reached retirement age. I think this is not true.
Whereas, on the internet, I found out that EPS can be withdrawn if one has less than 10 years of service with any company. If one completes 10 or more years, EPS cannot be withdrawn.
I am a little confused. Please clarify what is correct.
From India, Mumbai
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Request you to reply, I have already tried finding information from old posts but i am not getting clear idea
From India, Mumbai
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From India, Mumbai
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Dear Pooja ji,
You are eligible to withdraw your pension only when you leave your services after completing 6 months but before completing 10 years of pensionable service. Once you complete 10 years of pensionable service, you are not entitled to withdraw your pension. In this case, you are entitled to receive a monthly pension upon reaching the age of 50 at a reduced rate or at 58 at the full pension rate.
After completing 10 years of pensionable service, if you leave and withdraw the PF accumulation, you need to apply for a scheme certificate under the Pension scheme.
From India, Mumbai
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2584You are eligible to withdraw your pension only when you leave your services after completing 6 months but before completing 10 years of pensionable service. Once you complete 10 years of pensionable service, you are not entitled to withdraw your pension. In this case, you are entitled to receive a monthly pension upon reaching the age of 50 at a reduced rate or at 58 at the full pension rate.
After completing 10 years of pensionable service, if you leave and withdraw the PF accumulation, you need to apply for a scheme certificate under the Pension scheme.
From India, Mumbai
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Dear Nukani,
Mr. KKA is right. A person who worked for 6 months or more is eligible to withdraw the amount by filling out Form 10C. As per my suggestion, now you can withdraw your pension and PF amount online.
Thanks/Regards
From India, Jamshedpur
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Mr. KKA is right. A person who worked for 6 months or more is eligible to withdraw the amount by filling out Form 10C. As per my suggestion, now you can withdraw your pension and PF amount online.
Thanks/Regards
From India, Jamshedpur
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I endorse Mr. Korgaonkar, he has given info with clarity. Regards, Suresh
From India, Bangalore
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From India, Bangalore
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Dear Nukani, Employees can withdraw their EPF through Form 19 and EPS through Form 10 C. In Form 10C, you will find an option to opt for a pension (yes or no). If you opt for No, the total amount will be paid by the PF authority. In case you opt for Pension by saying yes, a laminated certificate will be sent by them, which can be utilized after reaching beyond 50 years or 58 years, and a suitable pension will be released from time to time.
Those who could not work more than 6 months, employee contributions can only be claimed, i.e., EPF Account. Instead, they can go for the transfer of funds to a New Account, where 100% can be transferred, and the contributions are safe.
Dear members, please clarify whether this is correct or not. Hope the above is clear now.
Regards,
S Rao
Hyderabad
9849562900
From India, Hyderabad
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Those who could not work more than 6 months, employee contributions can only be claimed, i.e., EPF Account. Instead, they can go for the transfer of funds to a New Account, where 100% can be transferred, and the contributions are safe.
Dear members, please clarify whether this is correct or not. Hope the above is clear now.
Regards,
S Rao
Hyderabad
9849562900
From India, Hyderabad
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Hello,
I need your guidance. I worked for 9 years and 11 months in an IT company. I quit in 2011 and migrated overseas. Recently, I was able to withdraw my PF amount using the UAN-based Form 19. However, my UAN-based Form 10c was rejected by the PF office without ascribing any reason. I no longer reside in India nor am I working with an Indian company. Can you please guide me on how I can withdraw my EPS amount?
Thanks for your help.
Regards,
Prasanna Rao
From Netherlands, Amstelveen
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I need your guidance. I worked for 9 years and 11 months in an IT company. I quit in 2011 and migrated overseas. Recently, I was able to withdraw my PF amount using the UAN-based Form 19. However, my UAN-based Form 10c was rejected by the PF office without ascribing any reason. I no longer reside in India nor am I working with an Indian company. Can you please guide me on how I can withdraw my EPS amount?
Thanks for your help.
Regards,
Prasanna Rao
From Netherlands, Amstelveen
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Download-New-re vised-Form-10c- UAN-pension-fun d-withdrawal-pi c.jpg
EPS - Withdrawal Benefit Calculators_Ann onymous.xls
EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf