After completing 10 years of service, an employee can either withdraw their pension amount or opt for a monthly pension. Whatever the choice, what is the procedure for claiming this benefit from the EPF? I mean, what paperwork should be done for this employee at present?
From India, Thrissur
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From India, Thrissur
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When an employee completes 10 years of service, they are unable to withdraw the full pension amount. Instead, they will receive a monthly pension. Only after crossing the age of 50 can they receive a reduced pension. To initiate this process, the employee must submit Form 10D along with a photocopy of their bank passbook. If the employee is currently under 50 years of age, they should submit Form 10C to receive a Scheme Certificate. This Scheme Certificate needs to be submitted along with Form 10D once the employee reaches the age of 50.
Regards,
D.D. NARASIMHAN
From India, Coimbatore
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8Regards,
D.D. NARASIMHAN
From India, Coimbatore
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