I understood that from Sep'14 onwards, new rules came in, and new joiners to the EPFO scheme will only get to join NPS, and EPS no longer applies. I happen to have a PF (and EPS) account from the past 6 years with EPFO in Bangalore. I joined a new company this month, and the Finance team at my new employer was asking me to take up NPS. However, I would like my EPS contributions to continue until my retirement as I see more benefits there in EPS since I will put in more years of service before retirement than with NPS.
I heard that I need to fill some "new form(s)" to carry forward EPS. Can you please guide me on the process?
Regards,
Dev
From India, Delhi
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I heard that I need to fill some "new form(s)" to carry forward EPS. Can you please guide me on the process?
Regards,
Dev
From India, Delhi
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I found out that revised form11 (declaration) should be submitted for the same. I am still checking with my employer to see how monthly contributions would still go to both EPF and EPS.
From India, Delhi
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From India, Delhi
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Dear sir, As per desire i am enclosing the same with circular with epfo. Thanks & Regards, From, Sumit Kumar Saxena
From India, Ghaziabad
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256From India, Ghaziabad
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For the members who are newly joined to EPF and whose PF wages are above ₹15,000, they will not be a member of EPS. No diversion of 8.33% will go to EPS; all contributions will go to EPF only. If you are an old member of EPF, in Form 11, you have to mention your PF number and/or UAN, and EPS will be deducted; only the new employer has to map the UAN.
It is not mandatory to join NPS; it is optional. Even if you are a member of EPS, you can still contribute to NPS.
Thanks,
Vidyadhar Bhat
From India, Pune
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It is not mandatory to join NPS; it is optional. Even if you are a member of EPS, you can still contribute to NPS.
Thanks,
Vidyadhar Bhat
From India, Pune
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Notification of Adhaar card for EPFO cash transfer.pdf