Withdrawl Of Pension Fund [Thread 288822]

Hi,
My PF Acc No- KN/23479/6028. I have applied for claim (withdraw) on Jan 17 2015. Still a day i didnt get any information. So what can i do now? Please Replay me..

Hi Sir,
I have received only a part amount on my PF refund today. I believe i received employee and employer share, but not Pension Fund. My account is at chennai, my PF number is : 83880/02.
Please let me know when will i get the remaining amount, do i need to contact the PF office again or will they directly transfer the amount to account as they did today?
It will be helpful normally how many days it will take to release Pension Fund, after releasing employee and employer share's.

State whether your service is below 10 years or not? If yes, have you submitted form 10C for withdrawal benefit.
Abbas.P.S

SIR, I HAVE SCHEME CERTIFICATE FOR WORKING TOTAL 9 YEARS 4 MONTHS 5 DAYS. NOW AT PRESENT AGE IS 50+ JOINING IN EPF 20/2/1990 RELEASE FROM CO. 25/6/1999. NOW I WANTED WITHDRAWAL OF MY PENSIONABLE AMOUNT. PLEASE HELP TO PROCEDURE FOR WITHDRAWAL. AT PRESENT I HAVE NO SERVICE. PLEASE HELP.

Dear Sir,
I am Sukrit,i was work in a IT company 1.5 year .I Receive our PF amount approx 250000 RS within 10 days (Employee Share ). But I am not receive our pension amount . Please suggest me How many days take for it.I am already submit 10c form for this.
Thanks & Regards
Sukrit

Hello Sir,

Firstly i would like to appreciate your efforts in answering the queries of common man like me. This particular thread would have solved many people queries. Thanks a lot for this

My question is regarding EPS withdrawal. I joined EPS & EPF on 28/07/2008 when i joined my first company. This account was continued till 30/10/2010 in same company and was transferred to new company w.e.f 04/11/2010 and is continued till date. I am travelling to US in Nov 2015 for long time. So my EPF & EPS contribution will stop after that. Also to mention my DOB is 26/06/1986. After reading all your post in this thread i can understand that i will be eligible for EPF & EPS withdrawl since my total contribution period will be 7 yrs & 3 months with break in service of just 4 days ad age at the time of withdrawl is 29.5 yrs.

My Doubt is regarding the EPS withdrawl amount calculation as starting 1st Sep 2014 the max ceiling is increased from Rs. 6500 to Rs. 15000 and i have contribution in both period - Before and after this change. My Basic salary is above rs. 15000. So how will the calcuclation of my EPS withdrawl amount be like. Will it be calculated as 7.13*6500 or 7.13*15000 or [(6.07*6500) + (1.02*15000)]. Please Let me know this calculation formula

Thanks & Regards,
Anshumali Tiwari

Dear Anshumali Tiwari,
I think your last full month contribution is October 2015. If so your pensionable salary is (15000x14+6500x46)/60 = (299000+210000)/60 =509000/60 = 8483.33 - (1)
Pensionable service = 7 years (rounded) and factor as per table D = 7.13 - (2)
Withdrawal benefit = (1) x (2) = 8483.33x7.13 = 60486
Abbas.P.S

Dear Sir,
Sorry i didn`t understood this formula. To be specific i didn`t understood why 15000 is multiplied with 14 & 6500 by 46 , Can you please explain
Regards,
Anshumali TIwari

Dear Anshumali TIwari,
As per the new amendment pensionable salary is the average of last 60 months. If partial payment is done in the last month, 60 months will be counted up to the previous month. If the last month is taken as October 2015, pension contribution is paid on 15000 w.e.f September 2014 (total 14 months). For rest of the 46 months (60-14), contribution is on 6500. That is why pensionable salary is calculated as (15000x14+6500x46)/60.
Abbas.P.S

Hi team
I have one query regarding my PF withdraw i have been surving in company more than 2 years so monthly deduction of PF is 498 so for 2 years how much withdraw of amount i will get can u help on this ..