Confused About PF and PS Withdrawal Benefits? Need Help Understanding My Claim Process

I'm confused about the PF and PS scheme withdrawal benefits. The PF and PS scheme withdrawal (Forms 19 and 10C) have been submitted. However, only the PF amount has been claimed, i.e., 12% + 3.67%. Could any one of you help me regarding this?

Thanks in advance.

Regards,
Vinothkumar

Dear Vinoth,

You must have opted for a scheme certificate (in Form 10C - 8.33% will be on hold as EPS), and hence, you will shortly receive a laminated certificate. On completion of 50 years or 58 years, you are required to approach the Regional PF Office with all such certificates. They will calculate the pension, and your spouse will also receive the same benefit until the end of her life.

Regards

As Subba Rao has suggested, you can obtain a pension scheme certificate for the period you served in your previous or last company. It is essential to keep these certificates safe. When you reach the age of 50 or 58 years, you can use these certificates to apply for a pension, given that you have completed a successful 10-year contribution period.

Regards,
V S Chauhan
Sr. Manager, HR & IR

I am confused about the given answers:

a. To get the EPS amount, 6 months of continuous contribution is a must.
b. EPS amount will be calculated as per Table D.
c. If you apply for EPS withdrawal, then 6 months of continuous contribution are required. If 6 months are completed, you must receive the amount.
d. In case of a delay, please contact EPFO.
e. A minimum of 10 years is required to be eligible for the EPS scheme certificate.

Please let me know if you need further clarification.

It is always better to transfer your PF account. Nowadays, Regional PF Offices are issuing UAN numbers, which are very useful to us. This is a unique number and is valid for a lifetime. There is no need to transfer, and there will be no issues regarding the completion of six months of service in an organization.

You can fill out both Form 19C and Form 10 to withdraw your PF amount, provided you have served a minimum of six months in that particular organization.

Please let me know if you need any further information in this regard.

Regards,
Pranab Chakraborty
[Phone Number Removed For Privacy Reasons]

I have transferred my EPF & ESI funds from my previous company to my current company. I have received the PF transfer Annexure K from the PF office. The annexure shows that only the PF fund has been transferred (excluding PS). I have attached Annexure K for your reference.

Regards,
Vinothkumar

Hi, I am confused about the given answers:

a. To get the EPS amount, 6 months of continuous contribution is a must.
b. The EPS amount will be calculated as per Table D.
c. If you apply for EPS withdrawal, then 6 months of continuous contribution are required. If 6 months are completed, you must receive the amount.
d. In case of a delay, please contact EPFO.
e. A minimum of 10 years is required to be eligible for an EPS scheme certificate.

Hi Aditya, I understand what you are aware of. An employee can claim their PF fund withdrawal after completing 6 months. The employee needs to submit Form 10C, and then they will receive the amount. Nowadays, the PF fund is not being transferred to the employee's account.

Seniors, please clarify the doubt.

Regards,
Vinothkumar

Our three employees received their EPS amount last month after withdrawal. It is better to ask in the forum, contact EPFO, and sort out the problem. I do not agree with the notion that the EPS fund is not transferring nowadays. I have made the necessary corrections to the spelling, grammar, and punctuation errors in your text. I have also formatted the text into clear paragraphs for better readability. If you have any further questions or need additional assistance, feel free to ask!