The Employee Pension Fund is a retirement savings plan sponsored by an employer. It is a defined benefit plan, meaning that employees will receive a specified benefit at retirement. The benefit is usually based on the employee's salary and years of service. It is imperative to understand the terms of the fund, including how the benefits are calculated and when it is paid out.
The Employee Pension Scheme (EPS) benefits are claimed using Form 10C. The Employee Pension Scheme segments a portion of your PF contributions into EPS each month, which can be withdrawn using Form 10C.
Table of contents
How to Fill Form 10C?
The steps to fill out form 10C are outlined below:
Step 1: Go to the official website of EPF India
Step 2: Log in using your UAN credentials.
Step 3: Under the ‘Online Services’ drop-down menu, click on ‘Claim From- 31,19, and 10C’
Step 4: Verify your bank account number by entering the last four digits.
Step 5: Agree to the terms and conditions of the 'Certificate of Undertaking'.
Step 6: After entering your complete address, tap the disclaimer checkbox.
Step 7: Locate and click the 'Get Aadhaar OTP' button
Step 8: Enter the OTP and click on ‘Validate OTP and Submit Claim Form’
Step 9: Your pension claim form will be submitted, and the fund will be disbursed in your account once EPFO has verified it.
Related EPF Form
|EPF Form 2||EPF Form 15G|
|EPF Form 5||EPF Form 19|
|EPF Form 10D||EPF Form 20|
|EPF Form 11||EPF Form 31|
|PF Transfer Form 13|
Eligibility to Apply for Form 10C
To be eligible for Form 10C, an applicant must satisfy the following criteria:
- Individuals who have ceased working before completing ten years and have turned 58.
- Individuals who have accumulated ten years of service and have not turned 50. In contrast, a beneficiary aged 50 to 58 does not wish to accept a reduced pension.
- Families or nominees of deceased members who were over 58 years of age and died before completing ten years of service.
How to Download Form 10C?
Form 10C is available for download on the official website of EPF India. You can also download the same by clicking on From 10 C.
Documents Required for Form 10C
To apply for Form 10C, and you will need to submit the following documents:
- A blank or canceled cheque
- To obtain a scheme certificate, you must provide your children's birth date
- In the case of a deceased member, a death certificate is required
- Document proving legal heirship of a member
- In the case of bank withdrawal benefits, a stamp of one rupee is required.
The Contents of Form 10C
The below pertains to the content of form 10C.
Benefits of Form 10 C
The primary benefits of Form 10C are tabulated below.
|Individuals who have ceased working before completing ten years and have turned 58 years of age.||Before permanent retirement, the applicant may withdraw their PF.|
|Individuals who have accumulated ten years of service and have not turned 50. In contrast, a beneficiary aged 50 to 58 does not wish to accept a reduced pension.||Scheme certificates are awarded to applicants who meet these criteria. PF can be claimed by individuals between 50 and 58 years of age by filling out Form 10D|
|Families or nominees of deceased members who were over 58 years of age and died before completing ten years of service.||After filing Form 10 C, the applicant can withdraw their benefits.|
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Frequently Asked Questions (FAQs)
Can I Withdraw EPS Amount using Form 10C?
Yes, you can withdraw your employee provident fund by filling out Form 10C.
When can we Claim Form 10C?
A minimum of 180 days of active service must have been completed, and no more than ten years of active service can be withdrawn.
How long does form 10C take to process?
It usually takes 2-3 days to process your EPS amount.
When can I claim Form 19?
You can claim the PF amount using form 19 when the PF tenure is less than six months.
How can I check my 10C Balance?
You can check your EPS balance using the EPS passbook.
Can form 10C be Submitted Online?
Yes, you can submit Form 10C on the official website of EPF India.