Are EPS and PF Withdrawals Connected? Understanding the Link After 10 Years of Service

I would like to know whether EPS and PF withdrawal are linked or not. After completion of 10 years of service, EPS provides the option of a Scheme Certificate. Is this certificate in any way related to the PF withdrawals?

My point is, since Form 19 and Form 10 are for different schemes, the withdrawals should not be linked.

Hi Aranyak,

No, the EPS and PF are not linked. You can withdraw the PF once you leave the organization after completing 10 years of service or even less than that. For that withdrawal, you need to fill out Form 19, which you are familiar with. For the pension amount that cannot be withdrawn in case the contribution is more than 10 years, the PF authority will provide you with a pension certificate. In case you are unemployed, have started a business, or are leaving for other countries for more than a year, then you have to submit a copy of the visa; only then can you claim the pension amount through Form 10-C.

If the contribution is less than 10 years, you can claim the pension fund accumulated in your account by filling out Form 10-C. There is an option in the 10-C form where they have asked whether to opt for a pension certificate or withdrawal. In case you want to withdraw, you can opt by marking withdrawal, or if you opt for a pension certificate, then you have to tick the scheme certificate.

If you have any further doubts, please email back.

Prabhakar Rao.M

One query:

I have worked for 5 1/2 years in a pvt. ltd. company and then changed jobs. However, the new employer asked for opening a new PF account as they maintain it through a different state. Due to this, I submitted the form for the withdrawal of my PF amount.

I want to know if I will receive the full amount submitted by the employer and employee with interest, or if something will be deducted from it. If yes, then in what ratio? If I do not receive the Pension fund, can I claim it, or will I only receive the PF Fund?

Dear Jaswinder,

If you join any company, there is an allotment of a PF number in the company you opt to join. Regarding your claim, if you had applied for withdrawal, you will be receiving it. Please ensure that you had applied for PF withdrawal and pension amount in Form 19 and 10-C. Irrespective of the state where the remittance of PF is, it can be transferred into the new account for which there is a separate form to be filled out. In this form, you have to provide the details of the existing company where you are working and your previous company.

I hope your doubts are cleared. If you have any further doubts, please get in touch with me.

Best regards,
Prabhakar Rao M.

Dear, thank you for your valuable reply. I have already filled out the forms for withdrawal from my previous company and received one cheque of $40,000. According to them, one more cheque will come. My query is regarding my contribution to the PF without interest, which is above $50,000. Is this cheque for the employer's part? If something has been deducted from the employer's contribution, can I claim that amount?

I would like to add on with regard to your query. The 12% employer contribution is segregated into two parts: 8.33% in Pension and 3.67% in PF. However, the employees' contribution of 12% each month goes to PF.

You can receive PF slips for the contributions you have made and the interest you have accrued on the money that is with the PF Office. Please check it.

Out of the 5 1/2 years of service, please calculate based on the above principle that you had received a PF amount of 40,000 (both 12% employee and 3.67% employer). Additionally, another cheque will be received from the pension fund, i.e., 8.33% of the employer's contribution to the EPS fund.

Hi Mr. Rao,

I just want to know if I can withdraw EPS funds by directly sending the form to the Regional Provident Fund office or if I have to apply through my current employer. My service is less than 4 years. Also, which form is required for withdrawal?

Dear Ravi,

For pension, withdrawal benefit, scheme certificate, etc., the application should be through the employer. For pension, Form 10D is to be used. For withdrawal benefit and scheme certificate, the form is 10C.

Abbas P.S, ITI Ltd, Palakkad.

Hi Ravi, I have transferred my PF amount (12% Employee Contribution and 3.67% PF Contribution by Employer). However, I didn't receive the EPS amount. Could you please guide me on the procedure for obtaining it?

Thank you.

If you have a service of below 9 years and 6 months, you will get a one-time withdrawal benefit. If you have a service of 9 years and six months or more, a one-time withdrawal is not applicable. However, you are eligible for a pension. The minimum age to receive a pension is 50 years.

For the pension, use form 10D, and for the withdrawal certificate, use form 10C. If you have not attained the age of 58 years, you may also apply for a Scheme Certificate through form 10C.

Regards,
Abbas.P.S

I left a private organization after working for around 2.5 years. It maintains its own PF account. When I moved to a different organization, I applied for a transfer, and it's been almost 7.5 years; the status of the old PF is still unknown. I tried to approach many offices and the Grievance cell as well. I was asked to approach the previous organization as it maintains its own PF fund. I would like to go for a full withdrawal now after all the hard work I have done. I would like to know if I can withdraw my PF along with the contribution in EPS. By the way, I am not 58 years old. Please suggest how to go about this.

Thanks in advance.

I applied for PF and EPS for my last company on the 16th of December 2013. I received my PF amount on the 10th of January itself, but I have not yet received my EPS amount. May I know why and how many days it will take? For my last company, there is an EPF trust.

Regards,
Kumar.

Is it possible to get an E.P.S. amount by a single payment? If so, what is the procedure?

Also, will the P.F. loan be given for 75% of the E.P.F. amount, which means employer contributions of 3.67% and employees' 12%? Am I correct?

Hello, Mr. Rao.

I worked at XYZ Company from June 2011 to July 2012. After I left the company, I did not withdraw the PF money. Now, I want to withdraw the money from my PF account. The issue is when I contact the EPFO online for my PF account details, they inform me that this account does not exist with my name or the PF number provided by the company. I did not leave the company following the proper procedure. Could this be the reason they are unable to locate my PF details in their database?

Hi, I transferred my PF after 4 years of service to a new EPF through the online process. I could see only the EPF balance got transferred, not the EPS. What happened to my EPS balance? Is there any centralized EPS account maintained irrespective of EPF? Will the 4 years be added to my total years of service? Please let me know what options I have to access my EPS amount.

Hello,

If we withdraw the EPS before completion of 10 years, then we don't receive the full amount accumulated into the EPS fund. The claim is settled as per the proportions mentioned in "Table D" under para 14 of the EPS scheme.

Can anyone please explain to me why such a calculation is opted for and what about the balance money accumulated in the EPS fund if the EPS amount received is less than the amount remitted?

Hi All,

My service length is 8 years from 2 previous employers, and I want to withdraw only EPS as I have transferred PF to my current employer. Can anyone please let me know the detailed procedure to withdraw EPS? Do I need to go to my previous employers to get a signature for EPS withdrawal, and is it mandatory?

Please let me know.

Dinkar

I have a PF account for which i can check balance in EPFO website.But i am not sure if I have my EPS account as well(pension account).
How to check if I have a EPS account as well,and if i have EPS account how can i check the balance in EPS account.
Also if my EPS account is still not opened how can i open it.
Thanks for the information 🙂

Hi Team,

I have changed/switched companies 2-3 times within a 1-2 year period. I would like to inquire about the status of my EPS. Will it not be paid out since my service period was less than 10 years, or will it be accumulated?

Thanks,
Yatin