Hello
I need some information on EPF and EPS. We all know once we have EPF for 10 years we will be getting EPS( Pension on our retirement after 58 years).
This is my situation .I was working in a company in India from May 2004 and was having contribution for PF till Jan 2007. Later i was sent on an Onsite Assignment to US and according to our company policy once we are on onsite assignment all our PF contributions will be stopped as we are not getting India salary. But every year from 2007 to 2012 was getting the interest on accumaled PF Amount.
My Question is My PF Contribution was only for 3 years and later there was no transactions except the interest gained but now i realised according to new law i am not even getting the interest on this.
The question is
1) Whether if i dont withdraw my PF amount whether am eligible for Pension after 10 years even though the contribution is made for only 3 years.
2) As am not getting any interest now on PF advise me whether to withdraw it or any benefits i get if i don't withdraw.
Regards
Srini
I need some information on EPF and EPS. We all know once we have EPF for 10 years we will be getting EPS( Pension on our retirement after 58 years).
This is my situation .I was working in a company in India from May 2004 and was having contribution for PF till Jan 2007. Later i was sent on an Onsite Assignment to US and according to our company policy once we are on onsite assignment all our PF contributions will be stopped as we are not getting India salary. But every year from 2007 to 2012 was getting the interest on accumaled PF Amount.
My Question is My PF Contribution was only for 3 years and later there was no transactions except the interest gained but now i realised according to new law i am not even getting the interest on this.
The question is
1) Whether if i dont withdraw my PF amount whether am eligible for Pension after 10 years even though the contribution is made for only 3 years.
2) As am not getting any interest now on PF advise me whether to withdraw it or any benefits i get if i don't withdraw.
Regards
Srini