Please clarify for me: if an employee works in the same organization for ten or more years and then leaves in the 11th year, can they receive the PF amount as a lump sum, or will it go into the pension fund?
From India, Madras
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From India, Madras
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Shiva, If the employee want to withdraw the PF accumulated on his relieving, he can get it. But the EPS portion will not be paid and he can avail pension benefits after he reaches 58 yrs. Pon
From India, Lucknow
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616From India, Lucknow
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Dear All,
In Form 10C, please refer to Column No. 8 (Page 2 of claim). There will be a question: "Are you willing to accept a scheme certificate in lieu of Withdrawal Benefits?" If you tick the Yes box, you will receive the certificate. If you tick the NO box, then you will receive the accumulated amount in the Pension Fund in your account. It is up to the individual to decide whether to opt for the certificate or to withdraw the amount.
Note: Never forget to mention your mobile number at the top of Form 10C and Form 19. If you provide your mobile number, the EPFO authorities will send an SMS to your mobile upon the deposit of the amount into your account.
From India, Kumbakonam
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In Form 10C, please refer to Column No. 8 (Page 2 of claim). There will be a question: "Are you willing to accept a scheme certificate in lieu of Withdrawal Benefits?" If you tick the Yes box, you will receive the certificate. If you tick the NO box, then you will receive the accumulated amount in the Pension Fund in your account. It is up to the individual to decide whether to opt for the certificate or to withdraw the amount.
Note: Never forget to mention your mobile number at the top of Form 10C and Form 19. If you provide your mobile number, the EPFO authorities will send an SMS to your mobile upon the deposit of the amount into your account.
From India, Kumbakonam
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PF guidleines for Pension fund.pdf