EPF is a cluster scheme under which there is another scheme for the employee’s pension post-retirement – EPS or the Employee’s Pension Scheme. When we talk about EPF pension, we are basically talking about the EPS only.
If you are also looking to withdraw your EPF Pension, keep reading this post. We will cover the steps to withdraw EPF pension online and offline, eligibility criteria for EPF pension withdrawal, claim forms for pension withdrawal and other queries related to EPF pension withdrawal
How to Withdraw Pension Contribution from EPF?
To withdraw your EPF pension online, please make sure that your UAN is active and linked to Aadhaar. Steps for EPF pension withdrawal are:
- Log into EPF Member Portal and using your UAN and Password.
- Click on “Services” and select the “Claim” option.
- Enter your bank account number (linked to your UAN) and click on “Verify”.
- Click on “Yes” in the Certificate of Undertaking”.
- Once verified, click on “Proceed for Online Claim”.
- Here, choose the claim form type: Pension Withdrawal (Form 10C).
- Enter employee address and upload a scanned copy of cheque or passbook.
- Give your consent for getting Aadhaar OTP and click on “Get Aadhaar OTP”.
- Enter the OTP sent on the regd. Aadhaar mobile number.
- Hit the “Validate OTP and Submit Claim Form” to complete the process of online PF Pension withdrawal.
Disclaimer: Please note that the Online Pension withdrawal from EPF can only be done w.r.t. Form 10C. If you want to claim via Form 10D, offline is the only route.
To withdraw your EPF pension amount offline, simply download the relevant claim form from the EPFO website or get it from your bank or EPF office. Fill this form ad submit the same at your nearby EPFO Office.
Which Claim Form to Submit for EPF Pension Withdrawal?
We have collated the different scenarios under which a member of EPF scheme may claim for EPF Pension. These are:
Upon attaining 58 years of age and having completed at least 10 years of service, a member of EPF Scheme starts receiving the EPF pension on a monthly basis.
To apply for the monthly EPF pension, submit:
- Form 10D, if completed 10 years of service
- Composite Claim Form, if not completed 10 years of service
However, if you have not complete 10 years of service and wish to withdraw the pension amount from your EPF account, i.e. to settle your pension account and receive the EPF pension amount in lump sum, submit:
- Composite Claim Form (or Form 10C in certain cases)
If you left your job at (the following-mentioned age criteria) due to physical disability:
- Below 58 years of age: Form 10D for pension withdrawal
- Above 58 years of age and completed 10 years of service: Form 10D for monthly pension
- Above 58 years and not completed 10 years of service: Composite Claim Form
For pension of a deceased EPF member, please click on this link to know which claim form will suit you, the nominee/legal heir, to avail EPF pension benefits:
Who is eligible for EPF Pension?
As a member of EPF scheme, employees are eligible for EPF pension (to claim pension benefits) in the following situations:
1. Once the employee attains 58 years of age after completing 10 years of service, they become eligible for monthly pension under EPS. They cannot opt to withdraw money as lumpsum from from their pension fund, but can choose the early pension option.
2. After completing 10 years of service, employees can opt for early pension where the total fund in the EPS fund can be withdrawn. Once early pension opted for, monthly pension will not be available.
3. Withdrawal benefits from EPF pension fund are available only in the following cases:
a. If they have not completed 10 years of service and are:
- below 50 years, or
- above 50 years but below 58 years
4. In case of permanent and total disablement during their service period, employee becomes entitled to monthly pension of minimum Rs. 250 per month regardless of the years of service.
5. On the death of employee, their family (spouse and/or children) is entitled to pension under EPS.
Pension Contribution in EPF
Contribution towards EPS is sourced from the employer’s EPF contribution while the employee’s contribution is entirely directed to the EPF. This is 8.33% of the total employer contribution. Employee’s contribution can either be 12% or 10% of the basic salary + DA. This is matched by the employer, i.e. either 12% or 10%. From this amount, 8.33% is directed towards the EPF pension or the EPS fund.
|Read more about EPF:|
|EPF Balance Check||EPF Correction Form||EPF Passbook|
|EPF Calculator||EPF Interest Rate||EPF Wages|
|EPF Contribution||EPF Online Claim||EPF Premature Withdrawal|
|Read more about UAN:|
|Read more about EPFO:|
|EPFO E-Sewa||EPFO Online Payment||EPFO KYC Online Update|
|EPFO Establishment||EPFO Member Portal||EPFO Registration Process|
|Read more about EPF Forms:|
|EPF Form 10C||EPF Form 19||EPF Withdrawal Form 31|
EPF Pension: FAQs
For EPF pension or EPS, Form 10D is to be filled and submitted to EPFO.
Yes. Form 10D for claiming pension under the EPF can be submitted. For this, it is important that your Aadhaar, PAN and Bank account is updated.
As per the EPFO, claims are usually settled within 20 days.
If the employee continues to be in service even after 58 years of age, they will receive the pension amount as usual. However, the employer’s contribution in the current service (after 58 years) will go into the EPF account and not be diverted to EPS anymore.
You do not need to submit Form 15G for the online claim of EPF Pension. In fact, amount in your EPS (pension portion of your EPF scheme) does not attract any interest. Since there is no income earned, tax is not applicable on EPF Pension and thus, no need for Form 15G/H for EPF Pension.
As per the Employee’s Pension Scheme 1995, a minimum of Rs 1,000 is to be credited per month.
Currently, there is a wage ceiling of Rs 15,00 for EPS contribution. Before 1st September 2014, this ceiling was set at Rs 6,500.
No, It is not compulsory. You can choose to withdraw only the EPF amount and maintain the pension fund by obtaining a Scheme Certificate from EPFO.
Scheme Certificate from EPFO can be obtained by an EPFO member who has worked (service) for 10 years or more but has is not 58 years of age. Such a person is mandatorily issued the Scheme Certificate.
If the daughter is of or below 25 years of age, she will be eligible to receive family pension, regardless of her marital status.