To get PF amount and pension money, the employee has to fill different forms according to the requirement. Know here which form is required for EPF pension withdrawal and which form has to be filled for EPF fund withdrawal.
According to the rules of EPFO, 12 percent of the basic salary + DA of the employee is deposited in the EPF account every month. The employer’s contribution is also the same. Out of this, 8.33% goes to the employee’s pension fund (EPS Fund) and the remaining 3.67% goes to the PF account. In this way, year after year, a lump sum amount gets accumulated in the PF account, which can be partially or fully withdrawn as per the rules. This amount can be helpful to the employee in need.
At the same time, the money deposited in EPS over the years is received as pension after retirement. Yes, if the employment is for less than 10 years, the EPS amount can be withdrawn together at the time of full and final settlement. But this money is available as pension only after 10 years or more of service. To get PF amount and pension money, the employee has to fill different forms as per requirement. Let us tell you which form is required for EPF pension withdrawal and which form is required to withdraw EPF fund. Is.
Form 10D
According to EPFO rules, if a person has contributed to the EPF Pension Account (EPS) by working continuously for 10 years, then to avail pension benefits after retirement, he has to fill Form 10D. Apart from this, if a person is entitled to receive pension from EPFO in any other situation, then he will have to fill Form 10D.
Form 10C
If the employee’s job period is not 10 years and he can withdraw the money deposited in EPS together while making full and final settlement of his EPF. In this case, he has to fill Form 10C. Apart from this, you can also use this form to get pension scheme certificate. Through this certificate, you can get your PF balance transferred from one company to another.
Form 19
Form 19 is called PF Claim Form 19 (EPF Claim Form 19). When you have to withdraw the entire EPF fund, you use PF Withdrawal Form 19. According to the rules of EPFO, any person can withdraw the entire money of his EPF fund after being unemployed for two consecutive months or after retirement.
Form 31
The money deposited in PF fund can be partially withdrawn even during employment. When you withdraw some part of your PF balance or Advance PF, then you need PF Withdrawal Form 31. This is called EPF Claim Form 31. The rules for partial withdrawal vary according to the requirement.
