Eligibility Criteria of Employee's Pension Scheme

• If you have worked for almost 10 years and have reached the age of 50 you can still choose for a pension. But your pension amount will be reduced by 4% for every year until you get 58 years old.
• If you have worked for more than six months but less than 10 years, then you can withdraw your pension contribution after being unemployed for two months.
• And in case you already reach the age of 58 but still have not completed 10 years of service, then you will not be eligible for a monthly pension. Instead, they can withdraw the whole pension amount as a lump sum. (This instance happens for those who joined the organised sector later in life, after the age of 48.

EPF Withdrawal Limits

Document Required For EPF Pension

The following is the document required for EPF pension contribution withdrawal:

Form 10C: Needed if your service period is less than 10 year Form 10D: Required if you are either 50 or 58 years old

Bank statement: A recent stfrom your bank account

Two revenue stamps: Essential for completing the withdrawal process

Proof of identity and address: Photocopies of valid identification and address verification

How to withdraw EPF pension online?

1. Go to the official website of EPFO and go to the “Services” tab. Click on ‘For Employees’.
2. Select ‘Member UAN/Online Service (OCS/OTCP)’ and log in using your UAN and password.
3. To submit a claim, go to the ‘Online Services‘ section and select ‘Claim (Form-31, 19 10C and 10D)’.
4. Fill in the necessary information, confirm your bank account number, and choose the appropriate form for your situation.
5. Once you have filled out the form, click on ‘Validate OTP and Submit Claim Form‘ to finish the process.

How to withdraw pension contributions offline?

• Download Form 10C or Form 10D from the EPFO website.
• Complete the form and attach self-attested copies of your identity proof, address proof, and bank account statement.

EPF Pension Withdrawal Rules

following are the withdrawal rules for the pension (EPS) part of your EPF:

• In case you served for less than 6 months then there will be no pension amount to be withdrawn.
• In case you served for 6 months to less than 10 years however you are permitted to withdraw the EPS amount using Form 10C as a lump sum. and
• If you finish 10 years of service, you are not allowed to withdraw the pension fund, you can only get a monthly pension starting from age 58.
• If you’ve finished your 10 years but want to claim a reduced pension at 50 then you are still required to submit Form 10D.
• For monthly pension, you must submit Form 10D.