I would like to know if a person worked approximately 5-6 years in India with continuous deductions from PF from his salary, and his company also participated by submitting it on time to the PF Dept. Now, if the same person has gone abroad to work, can he continue his PF account by making individual payments to complete 10 years, thus becoming eligible for the Pension Scheme benefits?
If yes, kindly provide the website address so that he can submit PF contributions online directly into his account as desired (for example, 10,000 or 20,000 per month).
I am waiting for your favorable reply.
Best Regards,
Quamar
From India, Mumbai
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2If yes, kindly provide the website address so that he can submit PF contributions online directly into his account as desired (for example, 10,000 or 20,000 per month).
I am waiting for your favorable reply.
Best Regards,
Quamar
From India, Mumbai
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For pension benefits, a person has to work in a particular organization for at least 10 years in regular service. You can withdraw your money after 2 months from the resignation date, but for that, you should be in contact with your company's Human Resource department. There is no provision to request online withdrawal in EPFO.
For more details, you can search on EPFO (Govt. of India).
Regards,
Amit
From India, New Delhi
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For more details, you can search on EPFO (Govt. of India).
Regards,
Amit
From India, New Delhi
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Is there any provision that allows a person to contribute to their Provident Fund (PF) for their own interest even if they are not an employee of any company in India? If the individual is working abroad, are they able to open a new account and transfer money directly through the Internet into their account?
Kindly provide more information related to how one can benefit from the Pension Scheme with the PF Department.
Best Regards,
Quamar
From India, Mumbai
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Kindly provide more information related to how one can benefit from the Pension Scheme with the PF Department.
Best Regards,
Quamar
From India, Mumbai
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Dear Sir, Can you please provide information related to eligibility of Pension Scheme under PF Dept. Best Regards, Quamar
From India, Mumbai
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From India, Mumbai
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For PF Pension, 10 years of service is required. This service can be accumulated from various organizations. In total, the service should amount to 10 years. Please note that 9 years and six months will be rounded up to 10 years.
Regards,
Abbas.
From India, Bangalore
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Regards,
Abbas.
From India, Bangalore
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Hi Amit,
Please correct me if I'm wrong! To my understanding, for an employee to be eligible to avail of the pension benefit, there is no need to work in a company for more than 10 years. It's that the PF contribution needs to be maintained for a continuous 10 years. In other words, if he changes companies 10 times in 10 years and without withdrawing the amount, if he had that contribution transferred for those 10 years, then after the 10th year, he/she will become eligible to avail of the pension benefit.
Thanks,
B.V. Gangadhar.
From India, Hyderabad
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Please correct me if I'm wrong! To my understanding, for an employee to be eligible to avail of the pension benefit, there is no need to work in a company for more than 10 years. It's that the PF contribution needs to be maintained for a continuous 10 years. In other words, if he changes companies 10 times in 10 years and without withdrawing the amount, if he had that contribution transferred for those 10 years, then after the 10th year, he/she will become eligible to avail of the pension benefit.
Thanks,
B.V. Gangadhar.
From India, Hyderabad
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If one member has worked in several organizations, and altogether, his service in PF is 10 years or more, he is eligible for a pension provided he did not withdraw the EPS contributions. To get a pension, there is no need to maintain EPF contributions. Note that EPF contributions and EPS contributions are remitted to separate accounts.
Regards,
Abbas. P. S
From India, Bangalore
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Regards,
Abbas. P. S
From India, Bangalore
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PF & Pension Amdmt Scheme 2010 for IW.pdf