Hi Friend,
Recently, I assisted my sister to withdraw her PF pension amount online. I was browsing the internet. During this time, to my rescue, I found Kritika Maam’s answer. I completely agree with what she mentioned about the Employee Pension scheme, and
how to withdraw PF pension amount online
.
I have learned that there are 2 ways regarding,
How to withdraw pension amount from PF account online?If you have an Aadhaar Card, you can submit a Composite Claim Form (Aadhaar) to the EPFO office without having your employer attest the claim. Then, along with the form, you must submit a cancelled check, and your whole PF balance will be credited to your bank account
If you don't have an Aadhaar card and are unable to obtain one, the second option is to submit your PF number. You can fill out the Composite Claim Form along with the PF number (Non-Aadhaar)
My sister was pondering on
how to withdraw EPS amount when you have less than 10 years of service.
To this, I figured that one can still collect PF and EPS. They will have to simply complete the Composite Claim Form and select the final PF Balance and Pension Withdrawal options.
I hope this answer would help you:)
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What Is National Pension Scheme? How To Remove Pension ContributionHi there,
So, there are many circumstances where you need to withdraw your EPF. You can withdraw your EPF in many ways. You can withdraw EPF with an Aadhar card, without an Aadhar card, online and offline. There is also an old and new process to withdraw your EPF balance. I will share with you the PF pension withdrawal via old form.
For any legal documentation hire top lawyers from NoBroker legal services To get home loans at the lowest interest rate check out NoBroker home loan services!Can I withdraw pension contribution via old form:
Contact HR to get Form 19 to withdraw your EPF.
You can download the form from EPFO website.
Fill up the required information such as employment details, PF account number, IFSC code, and bank account details.
Submit a cancelled cheque leaf.
Submit the form to the employer.
The employer will attest the form and after the submission.
Important information required for pf pension withdrawal:
Universal Account Number (UAN)
Information related to the bank account should be accurate.
The bank account should be in the name of the PF account holder because money won't be transferred to the third party unless the PF holder’s demise.
The employer should provide the details of the employee to the EPFO.
Personal information of the employee such as date of birth and father's name should be the same as on identity proof.
I hope you know the PF pension withdrawal now.
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EPFold pension in first member id
After my resignation, I have also withdrawn my PF balance. So I think I can share the steps that I followed regarding how to withdraw pension contribution in EPF after leaving the job online. I want to highlight that you can withdraw the Provident Fund (PF) balance but the sum will be taxable if you withdraw before having worked for 5 years continuously.
Eligibility for PF Withdrawal After Resignation:Before understanding how to withdraw pension contribution online, let us focus on the following conditions. An employee is permitted to withdraw the accumulated balance in their PF account after quitting their job if the following conditions are met:
The employee should have worked for the current employer for a total of two months.
The employee is required to provide one month's worth of notice or pay the company the equivalent in cash.
I’d really like to extend my gratitude towards Kritika, for providing the online PF withdrawal steps. I followed each and every step that she mentioned to withdraw my pension contribution.
I visited the
Unified Member Sewa portaland logged in with my password and UAN.
After this, I selected ‘Claim (Form-31, 19 10C & 10D)’.
The member details, KYC, and other service details will be displayed on the screen.
Now I entered the bank account number and clicked ‘Verify’.
Following this I selected the claim type as ‘Withdraw Pension Only.’
I visited the menu page and clicked ‘Only Pension Withdrawal (Form 10C).’
Finally, I entered the permanent address in Form 10C and ticked on the disclaimer section.
Clicked on ‘Get Aadhaar OTP,’ and entered the OTP, clicked on ‘Validate OTP’, and then the ‘Submit Claim Form’.
An SMS notification was sent to my registered mobile after successfully submitting Form 10C. The pension claim was submitted with Form 10C, and the EPS pension amount got transferred to my savings bank account.
After understanding, how to withdraw pension amount from EPFO, let us focus on,
What happens if I don't withdraw my PF after my resignation?If you don't withdraw your PF after quitting your job, the account will remain open and will continue to earn interest. If the account is idle for a specific amount of time, it can be categorised as a dormant account and further paperwork might be needed to withdraw the money.
While understanding how to withdraw pension contribution in EPF after leaving the job online, you should also be aware of the PF withdrawal rejection. PF withdrawal can be rejected by the EPFO for reasons such as incomplete or incorrect details, insufficient balance, mismatch in details, etc.
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How to withdraw pension contribution in EPF?
Lavanya
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October 1, 2021
2021-10-01T11:58:53+00:00 2023-06-22T19:57:34+00:00Comment
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