Answers ( 2 )

  1. 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:

    • 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


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    Best answer
  2. 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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    Read More:

    What Is National Pension Scheme?

    How To Remove Pension Contribution


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