How to withdraw pension contribution

Employee pension plans allow for withdrawals based on two criteria: age and work experience. Anyone will be free to withdraw your EPS once you turn 50. The interest rate on the money you get will be lower nevertheless.

There are two options if you really want to learn how to withdraw a pension contribution from your pension scheme online. This is how it goes:

1. Using Aadhar Card 

If you possess an Aadhaar Card, you must file a Composite Claim Form (Aadhaar) to the EPFO office without having your employer certify the claim. Your whole PF balance will then be reimbursed to your bank account when you submit the form and a cancelled check.

2.  Without using Aadhaar Card

The second option is to provide your PF number if you don't have an Aadhaar card and are not able to get one manufactured. You can complete the Composite Claim Form including the PF number (Non-Aadhaar). You must submit information such as your PAN (Permanent Account Number) and include two copies of form 15G or 15H if you haven't worked there for five years. You can submit a PF account number if you do not have a UAN (Universal Account Number).

Documents Required to Withdraw Pension Contribution

A list of the documentation you will have to retrieve the pension contribution has been provided.

1. Form 19

Forms 10C and 10D 2.

1. Form 31

Four revenue stamps

1. A bank statement; 6. Identification

2. Address validation

I hope this helps you out.