How to withdraw pension contribution in EPF?

Employee Pension Scheme is a scheme which came into effect in 1995 by EPFO to ensure that all the employees of the organized sector receive a pension after turning 58. Benefits of pension are available for members of EPFO who have worked for at least 10 years. So now that we have figured out what pension or EPS is in EPF, let us talk about how to withdraw pension contribution in EPF. Get Home Loans from leading banks of India on NoBroker at an Interest rate starting from 7.3% and buy your dream home. Check out properties according to your preferences on NoBroker without having to pay any brokerage charges. How to withdraw pension contribution in PF online? There are two cases in which the EPF account holder may want to withdraw the Pension. I will share the details of forms you will have to fill and submit to withdraw pension. Here you go: Form 10C If you are the beneficiary of EPS or pension who wishes to withdraw pension before completing 10 years of service then you will have to apply for pension withdrawal using Form 10C. Form 10D If you are the EPF member, nominee, widow, widower or children of the beneficiary who wishes to withdraw pension after attaining the age of 50 years then you’ll have to submit the Form 10D. Complete Process on how to withdraw pension contribution in EPF You can withdraw your pension online. Here is a look at online process:

• Go to the official website of EPF and login using your credentials.
• You will have to enter your UAN and password
• Now you will find a tab stating ‘Online Services’
• Click on the relevant form (Form 10C or Form 10D) from the menu
• Verify your details such as employment status, KYC, member details
• Now fill in the last 4 digits of your bank account and sign the undertaking
• On the next page you will have to check mark ‘I want to apply for’ and select the right option for pension withdrawal
• Go to Get Aadhaar OTP option.
• Enter the OTP and click on ‘Validate OTP and Submit Claim Form’

The amount will be transferred to your account after completing this process. That’s it, this is how to withdraw pension contribution in EPF online. You might like these: How to check EPF passbook? How to login EPF account?

For

how to withdraw pension contribution in EPF, you need to follow a few procedures through the EPFO portal. You must fill out the form 10C or form 10D, depending on your eligibility. Your claim will be processed once you submit the form online through the UAN site, enabling you to get the pension contribution.

How Can We Withdraw Pension Contribution in PF?

• Visit the official UAN Member Portal:

  https://unifiedportal-mem.epfindia.gov.in/memberinterface/

  .

• Log in using your UAN, password, and captcha code.

• After logging in, go to the “Online Services” tab and select “Claim (Form-31, 19, 10C & 10D)”. Verify your bank details and click on “Proceed for Online Claim”.

• From the dropdown menu, select “Form 10C” for pension withdrawal and you will be asked to choose the purpose of the claim. Select “Withdrawal Benefit” for pension withdrawal.

• After selecting the form, submit the claim request. You will be asked to provide scanned copies of documents like Aadhaar, PAN, and your bank account details.

• Once the claim is submitted, you can track the status through the portal.

• The pension contribution is usually credited to the bank account within 20 days.

These steps can help you with how can I withdraw my pension contribution from PF.

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Why Pension Contribution Is Not Transferred?

 

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.

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How to claim pension contribution?

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 portal

  and 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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Hi 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.

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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:

1. Universal Account Number (UAN)

2. Information related to the bank account should be accurate.

3. 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.

4. The employer should provide the details of the employee to the EPFO.

5. 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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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?

• Aadhaar Card

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

• Without the use of an Aadhaar Card

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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