Hi, Please suggest the best plan with regards to PF. I have worked in two organisations, in my first company i worked for about 2 years and 10 months and worked in second company for about 8 years and one month. So i have worked for 10 years and 11 months. Am i eligible for pension. If am eligible for pension, form when i can avail pension.
Now i want to set up my own business as of now and do not want to work further? Now should i have to withdraw my pension which has been accumulated for nearly 11 years or am i eligible for pension or what kind of action should i have to take so that it might help me further. Please suggest.
Thanks & Regards,
Bhaskar
From India, Bangalore
Now i want to set up my own business as of now and do not want to work further? Now should i have to withdraw my pension which has been accumulated for nearly 11 years or am i eligible for pension or what kind of action should i have to take so that it might help me further. Please suggest.
Thanks & Regards,
Bhaskar
From India, Bangalore
Dear Mr.Bhaskar,
You are eligible to get pension from the age of 50 years on wards with 2 conditions.
1. You were relieved from PF applicable service.
2. For each year below 58 years, you will lose 4% in pension amount.
To get full pension, you have to wait till completion of the age of 58 years.
Abbas.P.S
From India, Bangalore
517You are eligible to get pension from the age of 50 years on wards with 2 conditions.
1. You were relieved from PF applicable service.
2. For each year below 58 years, you will lose 4% in pension amount.
To get full pension, you have to wait till completion of the age of 58 years.
Abbas.P.S
From India, Bangalore
Thanks Abbas for answering. As of now i might have to wait for 20 plus years to avail pension to reach 58 years. So, please suggest what are the options available at present ?
From India, Bangalore
From India, Bangalore
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PF AUTHORIZATION FOR WITHDRAW.JPG
When and How to Withdraw PF.doc