Hi Shekhar,
If you are less than 50 years old, you can withdraw by closing your PF account. When closing, you need to submit two forms: Form 19 (to withdraw PF amount) and Form 10C (to withdraw your pension amount).
If you are 50 years or older, the eligibility for pension is as follows:
- If you have attained the age of 50 years or more.
- If you have completed a total service of 10 years or more.
- If you are not receiving any other EPF Pension.
In this case, you must apply in Form-10D at the EPF Office where you last worked through your last employer. If you wish to draw pension from a different location, you must provide the appropriate Bank/Post Office address in the application form. Pension is distributed through Post Offices or specific designated banks only (e.g., Indian Bank, SBI, Indian Overseas Bank, HDFC Bank, ICICI, and UTI Bank).
Regards,
Rajasekar