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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.
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:
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.
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How to check EPF passbook
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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?
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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Read More:
What Is National Pension Scheme?
How To Remove Pension Contribution
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