10 hidden EPF Rules which will blow your mind
POSTED BY ON May 14, 2012 COMMENTS (1,769)
We will discuss few EPF rules today. A small part of your salary (12% of your basic salary) is invested in something called EPF or Employee Provident Fund and an equal amount is matched by your employer each month.
This is what 95% of people know, but there are many things which a lot of people don’t know and this article is going to open some not known secrets about EPF rules. So let’s take them one by one in point’s format.
1: You can also nominate someone for your EPF
Do you know that there is also a “nomination” facility in EPF? The nominee will be contacted at the time of death of the person and handed over the money from the provided fund. However, if the nomination is not present (which you should check), it can rise to all sorts of issues while claiming the money.
There is a form called Form 2 which has to be filled to change or update the nomination. Please contact your company finance department or directly send the form to the EPFO department.
2: One can get pension under EPF
Do you know that there is something called EPS (Employee Pension Scheme) in the provident fund? The EPF part is actually for your provided fund and EPS is for your pension.
The 12% contribution made by you from your salary goes into your EPF fully, but the 12% contribution which your employer makes, out of that 8.33% actually goes in EPS (subject to a maximum of Rs 1250) and the rest goes into EPF. To understand it this way, a part of your employer contribution actually makes up your pension corpus.
But there are some caveats to this.
- One is liable for pension only if one has completed the age of 58.
- One is liable for pension only if he has completed 10 yrs of service (in case of more than one companies, the EPF should have been transferred, not withdrawn)
- The minimum Pension per month is Rs 1,000
- The maximum Pension per month is subject to a maximum of Rs 3,250 per month.
- Lifelong pension is available to the member and upon his death members of the family are entitled to the pension.
3: No interest is given on EPS (pension part)
You must be thinking that you regularly get compound interest each year on your contribution + employer contribution. But it does not work like that. The compound interest is provided only on the EPF part.
The EPS part (8.33% out of 12% contribution from your employer or Rs 1250 whatever is minimum) does not get any interest. At the time of PF withdrawal, you get both EPF and EPS.
4: You might not get 100% of your Provident Fund money
Imagine your contribution + employer contribution has been a total Rs 3,50,000 to date. Out of this 3,50,000 , suppose 2,50,000 has gone in EPF , and rest 1,00,000 has gone in EPS (for pension) . Now if you quit your job in the 6th year of employment and opt for withdrawal of your Provided Fund money (EPF + EPS actually), then do you think you will get a total of 3,50,000. NO!
That’s because you always get 100% of your EPF part, but for EPS there is a separate rule.
There is something called Table ‘D’, under which its mentioned how much you get at the time of exit from your job, there is a slab for each completed year and you get n times of your last drawn salary (depending on the completed year of service) subject to maximum to Rs 15,000 per month.
So if your salary, in this case, was Rs 30,000 per month, still you will be given only 15,000 * 6.40 = Rs 96,000.
Note that the table D is up to 9 yrs only, because if 10 yrs are crossed, then you are liable for a pension.
5: You can invest more in Provident Fund, its called VPF
You can always invest more than 12% of your basic salary in Employee Provident Fund which is called VPF (Voluntary Provident Fund). In this case, the excess amount will be invested in PF and you will keep on getting the interest, but the employer is not supposed to match your contribution. He will just invest up to a maximum of 12% of your basic, not more than that.
6: Withdrawing of EPF amount at job change is illegal
Almost everyone thinks that withdrawing of your Employee Provident Fund amount after a job switch is totally fine and allowed, however as per the EPF Rules, it’s illegal.
You can only withdraw your Employee provident fund money, only if you have no job at the time of withdrawing your money and if 2 months have passed. The only transfer is allowed in case you get a new job and you switch to it.
While there are no cases where EPF office tracks these things and takes up this matter, still just for your information you should know that if you got a new job and took it and then you are applying for withdrawal, it’s illegal as per law.
What in the case of EPS?
In the case of EPS, if the service period is less than 10 years, you have the option to either withdraw your corpus or get it transferred by obtaining a ‘Scheme Certificate’. Once, the service period crosses 10 years, the withdrawal option ceases.
Just for your information, you can withdraw your EPF money without the help of past employer signature by attesting your withdrawal form by a bank manager or some gazetted officer. I hope you are clear about EPF withdrawal rules.
7: One can opt-out of EPF if he wants
Yes!. I know this might be a surprising fact for many, but if one’s basic salary per month is more than Rs 15,000, he has an option to opt-out of PF and not be part of it. In which case he will get all his salary in hand (without anything deducted every month).
But the sad part is that one has to opt-out of Provident Fund at the start of his job. If a person has been part of EPF even once in his life, then he can’t opt-out of it. So if you have already had EPF in your life.
This option is not for you, but if you are new to the job and your PF account number still does not exist, you can tell your employer that you don’t want to be part of Employee provident fund. You will have to fill up form 11 for this.
8: Your EPF gives you some life insurance too
A lot of people might not know that in case a company is not providing group life insurance cover to its employees, in that case, the employee is given a small life cover through EPF. This is because there is something called Employees’ Deposit Linked Insurance (EDLI) scheme and your organization has to contribute 0.5% of your monthly basic pay, capped at Rs 15,000, as premium for your life cover.
However, companies that already have life insurance benefits to employees as part of the company, are exempted from this EDLI scheme. The bad part of this EDLI scheme is that the life cover under this option is very low and that’s the maximum amount of Rs. 60,000. While this is peanuts for most of the people in big cities.
For employees in small scale industries and small cities, this amount of Rs 60,000 will still count something.
9: You can use EPF money can be withdrawn at special occasions
So now you know that EPF withdrawal is not permitted if you are still working. But there are occasions when Employee provident fund withdrawal is allowed.
While you cannot withdraw it fully, you can withdraw a partial amount. Following is a list of events when you can withdraw the Provident Fund amount and the conditions you need to fulfill
1. Marriage or education of self, children or siblings
– You should have completed a minimum of seven years of service.
– The maximum amount you can draw is 50% of your contribution
– You can avail of it three times in your working life.
– You will have to submit the wedding invite or a certified copy of the fee payable.
2. Medical treatment for Self or family (spouse, children, dependent parents)
– For major surgical operations or for TB, leprosy, paralysis, cancer, mental or heart ailments
– The maximum amount you can draw is 6 times your salary
– You must show proof of hospitalization for one month or more with leave certificate for that period from your employer.
3. Repay a housing loan for a house in the name of self, spouse or owned jointly
– You should have completed at least 10 years of service.
– You are eligible to withdraw an amount that is up to 36 times your wages.
4. Alterations/repairs to an existing home for a house in the name of self, spouse or jointly
– You need a minimum service of five years (10 years for repairs) after the house was built/bought.
– You can draw up to 12 times the wages, only once.
5. Construction or purchase of a house or flat/site or plot for self or spouse or joint ownership
– You should have completed at least five years of service.
– The maximum amount you can avail of is 36 times your wages. To buy a site or plot, the amount is 24 times your salary.
– It can be avail of it just once during the entire service.
10: You can file an RTI application for EPF issues
Did you know that you can file an RTI applicable to get any kind of information regarding your EPF? You can file it if you are facing issues like no clarity about EPF balance, no action taken for your EPF withdrawal or transfer. To find out information about other issues on the Provident Fund. I have done a detailed post on how to file an RTI for your EPF issue.
Watch this video to know how to file RTI for EPF withdrawal or transfer issues:
UPDATES
- In the recent budget 2015, the govt has made it clear that now an employee can choose between EPF and NPS. The employer will have to give this option.
- Now the new system of UAN is in place for EPF, which has made a lot of things more simpler
Conclusion on EPF rules
The overall Employee provident fund rules are too complicated and very old. A common man does not know all these EPF rules, but knowing these minimum 10 EPF rules will help him in his financial life.
Sir, I joined a company on jan 2001 and left job in June2006 but after 1 month I joined again the same company I didnt made any withdrawl also from PF. and my same pf number was continued by my HR.
But when my employer registered me under UAN the date of joining the organisation mentioned is July 2006 which is also coming in UAN portal my PF balances are showing proper from 2001.
My question is regarding EPS which date will be considered for that 2001 or 2006.
Hi Rishab
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Suppose I wish to keep the entire EPF money intact after retirement and do not withdraw, how long I can keep in EPF trust while getting interest
You can keep it for any amount of time !
Hi Manish,
I have transfer my old PF amount to new PF new. But only EPF part is transferred but EPS Part remaining. Please suggest what can I do ?
You need to transfer that too with a separate form
Hi Manish,
Useful article but I got below questions –
I worked in a company for 9 years and now I am moving on.
I am thinking what to do with my EPS –
1) If I withdraw what will be my the amount? I have a basic salary of nearly 20,000.
2) Should I get a scheme certificate and hope to get some pension after retirement? Does this make sense – financially?
Can you please respond?
Hi Puru
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Manish
What is we withdraw the EPF when job change is done, is there any taxation involved in it ?
Before 5 yrs if you withdraw you have to pay tax.
may a person earn pf from two different job at same time
No
Dear Manish Chauhan,
Very Informative Article…
Almost all my doubts cleared.
Thank You Sir….
Thanks for your comment MohammedIdris
Dear Sir, Recently i have apply for withdrawal of my pension amount , how many days its taken ,
Generally it takes anywhere from 60 days to 120 days , but being a govt entity its not very defined thing. I suggest that incase you dont get the money in next 4-6 months, in that case file an RTI and ask them about it, This will speedup the process.
Manish
Good information for different options for withdrawal
Thanks for your comment ManojSRawat
very informative, i have one query. if i have an UAN number and want to use the new Form 10 (UAN), however i want to use a different bank a/c as the bank i was having an account with (as stated during the UAN creation) has shut down. is it possible to do this by giving the cancelled check of the new bank account. Kindly help.
Yes, you need to make the change in your details in UAN KYC details. Contact your employer for that!
Can I apply for withdrawing EPF online ? If yes please send me the details of website, where I can apply. If not then where I have to submit the EPF form duly signed, can you please send me the details of postal address.
Check this https://www.jagoinvestor.com/2015/02/uan-epf-guide.html
Thanks for the article, it’s very informative . Rq. you to Pls help me as I need to withdraw my PF (EPF+EPS) as I need to purchase house. I have left the job and started up my own institute. I worked with my last comp for 3 yrs. Will I be eligible for getting EPF and EPS . Also if I fill in UAN form do I need to go and take sign from my employer.
Sir,if I quit from my job after 4th year of service n also quit from salaried profession but do not claim for EPS withdrawal at that time so am I able to claim for this after 5years (in total 9years) ?.
I have transferred my PF from previous to current employer. I see employee and employer share of previous company only credited, it shows zero contribution in my EPS while transferred. How can i transfer EPS amount also from previous to current company PF account.
Hi Manish,
Downloaded EPF passbook from UAN.
There is no mentioning about interest credited for the past 3 years, it shows only contribution made by employer and employee.
Any suggestions on how to get the interest credited
Hi Manish,
I leave in a company on September 2010. I have applied 2 times but they did not help me. Then, 2013-2014 this company bought by another MNC company. I could not applied.
I have no UAN number.
So, how can I get my money?
Please help me if it possible.
How much interest is added in pf amount?
Dear sir I worked past two years one of the organization due to my personal reason’s without relieving I left the company, ,so how can i withdraw the pf amount kindly clear .
Yes, you can still do it .
Hi Manish.
I have worked with an MNC for more than 5 years and have not been working for last 1 month. I, soon, will get a job, if I look for. But I want to complete my graduation now. I request you to kindly help me to understand the withdrawal process of my EPF / EPS or BOTH.
Hi Sanjeev
To withdraw the EPF, you can always fill up the form 19 and submit it to EPFO office. After few months try to follow up with RTI
Manish
Dear Sir, as per new amendment edli insurance given to employee is 6 lakh. Here it mentioned as Rs-60000 only. Please clear to us.
I just gave an example !
Dear Sir,
I have completed 6 years of service in my currebt company. Now I am leaving this organization. I want to transfer EPF but I want to withdraw EPS. Is it possible ? Please help.
Yes I think its possible to do that, try to fill only EPS withdrawal form !
On retirement can I keep the PF account alive and earn interest
For how long, is it 3 years ?
Can I withdraw partial amount during this period
Its always active,
YOu anyways get pension out of it at retirement !
The pension option is not available to me
Hi my self sanjib I want to purchase a home. what is procedure to withdraw pf and my recent salary 50000 so how much money withdraw eligiblefor me.
Hi Sanjib
To withdraw the EPF, you can always fill up the form 19 and submit it to EPFO office. After few months try to follow up with RTI
Manish
sir my name t.raju i will regian my.
job i worke 2yrs iwill withdral my epf amount
Hi t.raju
I am not clear on what is your question. Please repeat it with more clarity
Manish
Hi Manish
I cant register for UAN,coz there is mistake in my DOB filled by my office..So what should I do?
You need to get it corrected by filling up the correction form
Hi Manish,
I have worked in a firm for almost 3 years and quit for personal reasons. Will i get a complete withdrawal for my PF (including EPS).I have applied recently for withdrawal.
Yes, you will get it .
But , only if your company has deposited it with EPFO 🙂 . At times small companies do this kind of fraud
Also the amount which you will get (if you get) will be taxable in your hands
Hi Manish,
I would like to withdraw my EPF amount. I have 5 years of experience and left job 2 months back and currently not working.Is 10c form mandatory to withdraw EPF amount or form 19 is enough?
Please suggest
Hi Kumar
To withdraw the EPF, you can always fill up the form 19 and submit it to EPFO office. After few months try to follow up with RTI
Manish
Hi My problem is that i Have UAN no. and i want to check my PF fund in E.Book. my registered mob. no has not been working and i have another mob. no. i have tried many times to registerd online but UAN helpdesk has not taken .
Pl. help me how to registered the mob. no. and check my fund.
Hi DIMPLE
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi! I have completed 5 year and 10 months of work experience and now I choose to do my Masters program. Keeping in mind the 2 month rule. I would like to withdraw my PF after 2 months post which I would be studying and not employed. Would I be able to withdraw my complete PF amount?
Yes, you will be able to take our 100% amount from your EPF
How to get pension scheme amount .I have transfered my epf amount and its successful.please tell a solution to get pension scheme amount also into my new epf account.
You can fill up form 10C for that !
Hi Manish,
I am working in a private company and completed 11 Years 6 months, Now, I want withdrawal complete PF amount to purchase the flat in Bangalore, Please inform whether I can withdraw 100 % amount ? also inform me how can I withdraw the PF amount ?
No , you cant withdraw if you are still employed !
Sir,
I have completed 58 years and superanuated and contributed to pf pension for 8.5 years only. Please inform whether I am eligible for pension.
No, unless you complete 10 yrs in EPF, you are not eligible for pension
Sir, my relative working in a education institution is now above 60 years. He wants to withdraw full PF money. But he is still working. Can he withdraw ? If so then what is the procedure and what forms need to be fulfilled. Can he apply online ? Kindly advise us.
He cant withdraw unless he is unemployed !
Hi Manish
If somebody has worked in c same company for more than 10 years and retired at 58. But during service money has been withdrawn from d pf account, will d person be eligible for pension on retirement
Yes..
Hi Manish ,
Thanks for putting the info so clearly.
I have transferred my EPFO amount ( at that time no UAN ) to my current account (the UAN account) .
Will we get EPFO interest on the total amount under an particular UAN number ?
or We will get only for the current account for which my monthly deduction is happening ?
Thats your current EPF account,, make sure you transfer all you EPF to current EPF only then you will get the interest. Else the other accounts gets inactive after 3 yrs of inactivity
Hi Manish,
I worked in my previous company and left job in jan 2016 . I applied for PF withdrawal in Feb 25th 2016 and now i got a new job on May 25th 2016. Still my previous company has not filed for withdrawal. So if filed now can i get the PF amount while working.
Its a mistake then from your employer. Check for their accountability . Now if you do it again, I dont think it will be successful
hi manish
my 5.2 year complete in a company after that i am withdrawal my PF but only EPF amount was received. can i withdrawal my EPS amount if yes than whats is the procedure or how much it will take time
You need to fill up a separate EPS withdrawal form !
i am filled both together before 2 year. after 2 month only EPF amount was receive EPS amount still not receive pl suggest how much it will take time
In that case, you should raise a RTI for this, Because EPF and EPS should have came together like I got it both after 2 yrs.
Hi Manish,
I resigned after completing 5 years of service with a company that I joined right after college. Now I am going to move to the US for graduate education (Master’s). Can I withdraw both the EPF and EPS portions? Do I have to wait for 2 months before applying for withdrawal?
Yes, only after 2 months of unemployment you can apply for withdrawal !
Hi Manish,
I have completed the 10 of service and I have quit the Job and started new business, I am having 4.95 lacks in my PF account and it includes both (EPF+EPS) (305453+189673). Please let me know how I can withdraw the total amount, I am not looking for pension; I want to take out the maximum available amount. Approximate how much I will get back?, please advice?
thanks
suresh
Then you need to withdraw both of that separately !
Thanks Manish,
Please let me know how much amount i will get back(Approximate).
thanks
Suresh
Hi Manish,
Please Help….!!!
I’ve worked with MNC till 10 year with My PF a/c Active, now company stop work and taken forcefully resignation, also completed our process for withdraw PF. I’ve received my PF amt also. My Age is 36 year. Joined on 2-Oct-2004, Resigned on 19-Dec-14 .
1) Now i am eligible for Pension?
If Yes then
2) what is calculation for that.
3) What is process for get the pension.
BR// Nilesh
1. You will be eligible once you cross 58 yrs of age
Hi Manish
At the age of 58 if I want to withdraw PF money whether entire PF (EPF+EPS) money will be given right..? or only EPF money is given after 58. Please suggest
If you have completed 10 yrs of job, then EPS amount will not be given, but pension will be given
Else you will get EPF+EPS both
Hi Manish
Just want to know how much amount will I get if my total PF balance is low from 36 Times of my basic salary. will I get total amt from Pf or is there any Cap limit Or percentage
IN that case you will get full amount !
Thanks Manish for yor reply
Hi Manish,
please clarify on following:
1) EPS automatically gets transfer if an individual opts to transfer EPF to new PF account. Is it correct?
2) In case an individual opts to withdraw EPF then what happens to EPS? does it get paid along with EPF automatically ? is there a way wherein an individual can withdraw EPF and transfer EPS service year only to next company account?
3) How can we apply for a Pension certificate?
Thanks
Sonia
1. No, you fill another form to transfer EPS along with EPF transfer form
2. I think I have already answered it
3. What is pension certificate ?
Hi Manish,
Which form is to be used to transfer EPS along with EPF? Is this form available online?
Thanks,
Divyaa
Form 13
Hi Manish,
When the govt will credit interest for the financial year 2015 – 16 in our EPF account, we are already in JUNE?
Hi Harsh
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Manish,
Thank you so much for this nice & informative article. I have few doubts about Provident Fund
1) As per point 9, I can withdraw amount (upto 6 times of salary) for Medical treatment for Self or Spouse. How can I withdraw and what’s the procedure?
2) I already transferred previous PF to current PF account as per rule, EPS (pension part) not transferred, only service details are getting transferred. How can I check whether my service details are correctly transferred or not?
I hope you will clear my these doubts.
Hi Umesh
1. The process might be a bit complicated. You should check that with EPFO
2. For that, you should use RTI tool to find information
Thanks Manish, for your reply.
I considered it will be an easy task. to check about service details.
Thanks for your comment Umesh
Im in my sixth year of employment and would be transferred to a foreign location of the same employer
In this case my 100 % salary will come from the new office and ill not be on indian payroll
In such cases ( either short term or long term) what happens to the existing pf account. .?
In that case it will become inactive after 3 yrs
Hi Manish,
Could you please tell me is there any maximum amount that will go to Pension Fund? I’ve heard its 541 p.m. (Rs.6500/yr).
That’s
Employee Cont. Employer Cont. EPS
2000 1459 541
3000 2459 541
Yes thats correct
Hi Manish
Need help and want to know, What is the restrictions in PF withdrawl , if once PF has been with drawn for purchase of house, Can we with draw PF again to repay the builder last installment + registry changes, if withdrawn of PF is done in just 1 year 4 months.
SAURABH JAIN
Thats allowed just one time (for home purpose)
Hi Sir,
I have been working for an MNC for over a year, and have been contributing towards PF (this is my 1st job). I plan to switch jobs, but the new organization is much smaller in scale. It does not have a PF component in the salary offered, which makes me a bit uncomfortable. I have a few doubts:
1. Is this legal? Is it not mandatory for all companies with more than 20 employees to have a PF contribution component?
2. In case I do plan to accept the offer, what happens to my current PF (I believe it is illegal to withdraw while switching jobs, even though it is widely practiced and not regulated)?
3. Can I ask the employer to make a contribution for me and make an exception?
Kindly advise.
1. No , its not legal
2. You can transfer it later or withdraw because there is no other EPF account to transfer it
3. Try it, if they accept its great !
What is “wages” ? in 36 times the wages !
Wages = Basic salary? or “Net pay” or “Gross pay”
Its basic salary
How I can get the EPS balance details.
Hi prashanth
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
You can check your EPF and EPS balance using your UAN no in the following site: http://uanmembers.epfoservices.in/index.php?accesscheck=%2Fhome.php
Hi I am not working from the past three months and requested for OTCP, just to get the actual benefit of EPS but my previous employer did not approved my claim yet. Is anyone pls suggest what should I do… I have requested N no. Of times. Present employer has approved it and I also opted for present employer while filling form 13.
Hi Manish,
Can you pl. clarify, what exactly are the current rules of EPF withdrawal restrictions? I see so many different versions in media currently. Adding to the confusion is, the rules are also being modified..
As per current status, there is no restrictions !
when PF intrest for 2015 to 16 is credited. exact date? or its already credited?
I have changed jobs twice, my EPF account with the first employer was linked to UAN at the time of UAN generation, thereafter I linked my second pf account on their site with the UAN. Do I have to transfer the money to get interest credit in my pf account?
Its always a good idea to have all your EPF transferred to current one. else old accounts will become inoporative !
Hi Manish,
Thanks a lot for the detailed information!
I have a question… I had transfer my EPF Account twice from my old organization to new organization(after 2.5 yrs and 2 yrs each) and I opted for EPF transfer for both of the job switch, but when I checked my PF statement, It is seen that only Employee contribution & Employer Contribution towards Provident fund has been transferred and in column of Employer contribution towards Pension fund showing zero.
1. Doesn’t the EPS amount get transferred along with the EPF amount
2. Where can we check the complete EPS amount credited till date in my account, as mentioned above passbook shows zero in transfer cases.
Many Thanks in advance!
Regards,
Somnath Lolge.
1. I think it should have happened, its better to now ask for it using RTI, otherwise you will not get the right answer for a long time
Thanks Manish,
I saw this statement on above article,
“However in case of EPS, if the service period is less than 10 years, you’ve option to either withdraw your corpus or get it transferred by obtaining a ‘Scheme Certificate’. Once, the service period crosses 10 years, the withdrawal option ceases”
What is a “Scheme Certificate”, do we need to provide that along with transfer application? from where we can obtain it? I haven’t submitted that in my case, can that be a reason showing the amount as zero?
Here is detailed info about scheme certificate – http://www.citehr.com/347305-employee-pension-scheme-certificate.html
I got this link on quora:
https://www.quora.com/What-happens-to-the-EPS-pension-fund-amount-while-transferring-the-PF-amount-changing-jobs
Thanks
I completed 9 years and 8 months of job. Presently I resign from company. I want withdraw my pension. It is possible?
Yes its possible. Do it before it completes 10 yrs !
hi Manish,
if I am working in a company for more than 10 years. And take retirement after that. Can I withdraw complete EPS amount?
is allowed to opt out of pension after 58?
No , you cant take that amount. You will get pension only !
thanks for your reply.however when I saw below link for form 10c,
http://www.planmoneytax.com/epf-pension-rules/
it says
WITHDRAWAL BENEFIT IS NOT ADMISSIBLE IF
MEMBERSHIP IS LESS THAN 180 DAYS EXCLUDING NON CONTRIBUTING PERIOD.
for 10 c does not mention that employment should be less than 10 years. below is mentioned in for 10 C
8.
Are you willing to accept Scheme Certificate
in lieu of withdrawal benefits Yes No
Hmm.. I am not aware of that rule actually !
I do have the Pf account number but i unable to check the pf status,i dont know what the issue kindly did u have any idea with this
Hi Yasin
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hello Manish,
I worked for a company for 5 year and 1 month, left on November 2015. now am working for another company. I want to know can i withdraw my pf amount and will i get the complete amount including EPS. Thanks in advance
You can only transfer your EPF as you are not unemployed!
I worked in infosys,hyderabad for 4 years. Right now I am in Delhi, to get my EPS amount,can i put form in delhi EPFO office.
Not anywhere. You can only put the form in the EPF office which has jurisdiction of your working place !
Dear Manish,
Thanks for the article. With respect to Point No.8, One can opt out of PF ! Lets take 2 cases
1) Person X is working with a company having basic salary less than 15,000/- and is getting PF deducted as per norms. Now he shifts his job to another company where his basic salary is above 15,000/- and now he doesn’t want is PF to be deducted.
2) Person X’s basic salary is less than 15,000/- and is getting his PF deducted as per norms. He gets a promotion and his salary is above 15,000/- and now he asks company to opt out from PF deduction.
According to your article he cant opt out in any of the case because he has been registered under PF once, so no matter his basic salary is above 15,000 now. Can you please through some light here by sharing a link of Govt norm or section where we could connect this.
Also pardon if my understanding has gone wrong in your written article
Hi Mukul
At the time of writing the article, I came across the document with that rule, but now I am not able to locate it back
My self Venugopal i work an organization 3 year and region Sep 2013 .i can withdrawal my pf amt now? joining date- 24/12/2010 to Region Date 15/9/13
Hi Venugopal
To withdraw the EPF, you can always fill up the form 19 and submit it to EPFO office. After few months try to follow up with RTI
Manish
Hi Manish,
unfortunately my cousin rest in peace on march 5th 2016 and he is having a PF deposit of over 12lacs, with service of nearly 9 years in IT industry. here the case is Nominee details are missed in office and the amount was not able to withdrawn by his wife.
how can we get this done to support his wife to get the funds from PF office.
Its going to be a long process now .. If nominee is not there, then wife will have to get succession certificate from court proving herself to be one of the legal heirs (prove that no will exists) . Catch a lawyer I must say !
Hi,
I am Tushar.. I am working since last 3 years, my question is what is pension contribution and should i withdraw my pension contribution after resign my company
You need to fill up the withdrawal form for EPS and submit it to EPFO
Hi Manish,
I am more than 9 yrs experienced and still in service. I just want to confirm if I can withdraw EPS amount. Based on my search, it looks like I cannot as am still in service.
YEs, you can do that !
my self mukesh i work an organization 2 year and region march 2013 .i can withdrawal my full amt. of pf with new rool?
No
Dear sir
If an employee remain in job, can he get the eps money after nine year and before 91/2 year? What is the procedure to get it? If yes then what would happened after this withdrawal to eps account?
Rgards
You can fill up the withdrawal form for EPF and submit to EPFO !
I am getting error “Request for UAN for this Member Id XXXXX…….XXXXX is already under process.(through ECR)” while checking my UAN status from uanmembers.epfoservices.in this official link. I already had previous UAN number active so Can I link my new Member Id to the same UAN through “List Your Previous Member ID” option?? Please reply.
Hi Umesh
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi,
I applied to transfer my EPF amount from company1 EPF to company2 EPF account. In the mean time I shifted to another company. Claim that I filed earlier through OTCP was settled and amount was credited to company2 EPF account but since I changed company so filed Transfer again from company2 EPF to company3 EPF (this was done after furst claim got settled). This claim request was also settled with in a month.
But the problem is, whole amount from company2 EPF is not transferred to my current EPF account (company3 EPF). In my UAN online portal, I can see both accounts listed by employer and can download passbook. Company2 EPF account has still balance amount. Ideally I should have single EPF account. Please help, how to get the full amount in my current EPF account. I have tried reaching EPF support though mails, but no reply received as of now.
Thanks
Khushwant
Hi Khushwant
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Manish,
Thanks for your prompt response. I will follow your suggestion to get more details from EPFO.
Regards
Khushwant
Dear Sir,
With my Previous Employer1 I see I have 30000 Rs as Pension Fund and I have served 4.5 Years and I am able to manage transfer my PF amount
With my Previous Employer 2, I see I have 15000 Rs as Pension Fund and I have served 3.5 Years and I am able to manage transfer my Pf amount
With Current Employer 3, I see I have 15000 as Pension Fund and I am serving 1.5 Years
Overall I see 60000 Rs for 9 years of Service Length (3 Different Employers)
I will get this 60000 Rs anytime ? Do I need to follow any procedure to get this amount?
Thanks
Padmavati
Thanks
You can fill up the withdrawal form to take the money if you want
Hi Manish,
I worked in a company for 1 year (Aug2013-Jul2014) which had PF scheme. Then I switched to a company which do not provide PF facility.
I wanted to know following:
1. If I withdraw PF now, will it be taxable ? After what time will it become tax free?
2. Do i have to keep depositing money in the PF account myself to keep receiving interest on the employer contribution as I wont be able to withdraw before 58 years?
3. Is it possible to withdraw EPS or not?
Thanks,
Arpit
You can withdraw EPF+EPS if you want, but if you do it before 5 yrs, it will become taxable
No , you cant put money from your side manually .. but anywyas you will get interest in the full amount till 3 yrs !
Sir,
First of all we thank for clearing our doubts in EPF.
1st I was worked in pvt concern. There my EPF amount was
Employee share – 22319
Employer share – 6836
Pension contribution – 13894
Total – 43049
Then i resigned my job and joined in another company. I transferred my above said EPF amount to my current EPF account. In that Employee share – 22319 & Employer share – 6836 got transferred. But the Pension contribution – 13894 was not transferred.
Kindly explain that why pension contribution not transferred to my current PF account. And is there any problem in my pension contribution transfer where i should ask for this payment. Kindly suggest sir.
Regards,
Rishikesh
Hi RISHIKESH
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Manish,
I worked with a company for 5y 2 m..Now will i be eligible to withdraw the whole PF & Pension fund or do i need to wait till 10 yrs to withdraw the pension fund?
If yes with what reason can i withdraw the pension fund.
Hi Manish,
I have worked in a MNC for 7 years and quit my job 3 months back and currently not working.
My PF Balance:
EmployeeShare – 294079
EmployerShare – 220689
As per new rule Is it possible to withdraw my PF balance? Please provide info as it is very urgent.
Thanks in Advance
Babu
Yes, you can withdraw . But employer share will be locked now till retirement age.
Hi Manish,
I have withdrawn my PF from my previous organizations who has less than 5 years of my employment. Did i received the EPS ( Pension amount) also along with PF..? If not, When can i get the pension amount for less than 5 years of employment..?
Many Thanks,
Srini
You must have got it if you had filled that form. As of now the only way you can find it out is by filing the RTI
Hi ,
I worked for a company for 9 years , Now I want to withdraw both my (ie Employee contribution) and Employer contribution.
I left the job with hope that I can do some business as I had enough EPF and I am 50 years of age.
Now after my resignation there is some new rule that you cannot withdraw Employer contribution till 57 or 58 years.
What is the solution in my case. I am 50 years and not interested in doing any jobs further. And I want to withdraw my EPF Completely. As I cannot wait till 57/58 years.
Thanks
There is no solution to this.
Suppose I want to withdraw PF amount for repaying Home Loan. My EPF balance is 240000 and EPS balance is 90000. My basic salary is 18000. So how much amount can I withdraw in this case?
You should be able to withdraw 50% of it approx
Dear sir
As per new withdrawal rule we can withdraw employer share at retirement age I
i. e. 58 yr. Whether employer share can withdraw for house or education or repay of house Loan or Marriage.
Thanks
Now govt has taken back that new rule . So be happy 🙂
Are you saying that the rule implemented in Feb 2016 which restricted one to withdraw full amount from PF has been withdrawn by government . I thought the rule is that employee can only withdraw his contribution while for the other 50% of company contribution can only be withdrawn at 58 years of age . Pls can you clarify , thanks.
Err. I was talking about the tax on EPF withdrawal rule .. that has been taken back , not this locking of employer contri till retirement . sorry for confusion !
Really Nice Article… Helped me in solving so many queries regarding EPF…
I think this document should get printed in some news paper… I m 100% sure so many people dont know EPF in detail and this article will be a great helpful to them 🙂
Glad to know that JITEN ..
Dear Manish
I want to know you that i had completed ten year service and now i am resign from company can i withdraw EPF or EPS both amount. Please suggest me
YEs you can
Dear Sir,
I had joined in A company at 52 years age and retired at 69. I was a regular contributor to EPF up to retirement age 69.There was 6 years service before super annuation age of 58 and not eligible for pension.
After retirement ,applied for PF with drawal thro form 10C and 19. Received on line reply, form 19 approved and payment under process but form 10C with drawal limit benifit rejected,rejection letter under dispatch.
They are supposed to pay employer pension contribution along with accrued interest. But not happened.
Please advice me on this pending amount.Thank you
Hi Dukka
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi manish,
Do i have to submit a different withdrawal form foe my EPS balance or it will be done automatically once i submit EPF form 13…?
Please help.
Yes
HI,
I want advance PF for my Repair Home, Can i get Pension Amount Also in that ?
Hi,
I am in URGENT need of help.
I resigned from my previous job in Mar 2015 and joined new one in april 2015. Now in this company i have resigned in Jan 2016 and currently do not have any other job.
I have not transferred my previous PF amount to this company and neither current employer have done any linking in EPFO portal. I have UAN already generated from my previous employer.
Now, I need help in this regards that, can I withdraw previous employer PF amount now and also this employer amount, two being treated as separately?
Since I have resigned this employer so it does not make sence to transfer previous employer PF to this company.
I will be pursuing higher education now, hence not got any job till date for next 3 months.
Please help and suggest.
Regards
Ssharma
Hi Ssharma
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
I worked 5 months last company.
But i cant able to withdraw tha money as well not able to transfer to current ac.
When i aplaied to trasfer Error details are data not available with RO at previous company.
Date 01/06/2011 to 21/10/2011.
Hi Obula
Your cases is a bit complex and I think we are not the right people to comment on it.
My suggestion would be hire someone who is professional in this area and consult them
ManishHi Obula
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Obula
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Manish,
I worked with a company for 5y 2 m..Now will i be eligible to withdraw the whole PF & Pension fund or do i need to wait till 10 yrs to withdraw the pension fund?
If yes with what reason can i withdraw the pension fund.
Yes.. You can withdraw… Till 9 yrs of tenuity employee can withdraw his EPS.
Once crossed 10 yrs of service you can’t, because you are liable for pension (Life time)
EPS withdraw is subject to table D …. You will get 5.28 portion (Basic Salary*5.28)
Basic salary subject to maximum 15000 PM
You are eligible to withdrew both the things
Hi Manish,
First of all great Thanks for this article. Clarified many queries that i had.
Still i have one more concern. I hold Pf since 2007 and i changed job 3 times. I transferred my PF across all 3 companies.
Right now.. my UAN shows employee and employer share. But is there a way to check my Pension fund so far?
Thanks,
Shekhar Iyer
Hi Shekhar
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Manish,
Thanks for the post.
I am in a unique situation. I have 13 years of service and just resigned.
Is there an option to leave my PF balance with EPFO and still earn tax free 8+% interest or should i withdraw it ??
if so please explain.
Thanks much in advance.
YOu cna only earn it for 3 yrs. After the inactivity of 3 yrs, the account does not earn anything and the money just sits there .. so you have time till 3 yrs
Hi Manish,
I had a similar case where I had my previous UAN generated and my current Employer generated a new UAN,
Since I had linked my mobile number to my previous UAN, I did not use the current employers UAN.
Now I am not able to link the current PF under my previous UAN as the employer is unable to do that.
Is there any procedure where I can de-activate my old UAN and activate the new UAN having same mobile number registered? Also how can I do that? Included I can link my previous PF under the new UAN
Hi amitugale
As of now , I dont know the solution myself !
I am working in present company since 5 years, I resigned from present company one month back, I am serving notice period for another 1 month, can i take pf amount for plot purchase?
Yes you can do that
can company deduct one side of pf esic if we leave job before 6 months?
pPlease reply fast
YEs
Hi Manish,
I have completed 23 months in my current organisation and now i am on notice period of 1 month,
My query is how much approx amount i will get. The calculation as below
Employee Share : 20.7K
Employer Share : 6.4K
Total : 27.1K
Pension Contri : 14K
Regards,
Shraddha
Hi Manish
Glad to find your article regarding .PF pension scheme activated without my knowledge and found recently that my pension is activated .Could you please suggest me for my queries?
1. Can i quit that pension scheme right know?
2.is there possibility of withdraw pension amount along with PF amount if i quit pension scheme?
Hi Manish,
Really Very useful article, I have one question after this new rule for PF Withdrawal, I was working from 2013 to 2015 OCT in my previous employer and joined new employer in NOV. Now i want to withdraw my PF amount. Can i do by applying PF withdrawal.
You cant withdraw your EPF unless you are unemployed !
my dad was working in HMT ltd in 1960 then he resign the job in 1980 .now his age is 78 years can he get the pension from PF
Yes, check with EPFO
After 65 days of leaving the job i applied for Pf. In my passbook showing like”contribution/ withdrawal detail” but till now i did not get the amount till now. Applied on 23rd dec 2015……. When i can get?
Hi Wasim
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Nicely summarized items.
I think we shall encourage all citizens of India to enroll for EPF and continue the account with every change of job. Also, it is required to keep checking the EPF statements at periodic basis. RTI is one way to obtain information about your EPF account, but one shall also try the EPF-Grievance portal http://epfigms.gov.in to log their complaints. In some cases, the complaints are answered within 15 days and in some it might take 2 months, but they are bound to provide resolution of the complaints registered.
Thanks,
I worked in a company for 1 year &1month. Quit job in 2006. Then joined hp , worked for 9 months & quit. The pf amount of hp was withdrawn as soon as I quit. But the previous company the pf is not drawn yet. I applied for of withdrawal last December .
Question is how much amount I would get in my account if the accumulated pf for 1 year was 7200 , 9years back..
Rajesh,
I am in similar situation but a step behind.
I changed three employers about 5 years back and have three EPF account from which I still need to withdraw.
I have couple of question for you if you can help
How did you apply for withdrawal?
Is there a place to check how much is in each account. Last time I tried it says it is an ‘Inoperative account’
Thanks,
Daroga
Hi Daroga,
Through online you can get inoperative account amount transferred to any of your old employers. I have myself done this and amount is credited as well. EPF online services are very good
I have worked in a company for 4 months.
They are not telling me my pf account no.
How can I get it.
Your salary slip does not mention it ?
great Article Manishji, Thank You…
Thanks for your comment Shrivardhan
Hi Manish,
I have small query, i.e, I worked 9.3 years in one company, Now i will relieved on 14/01/2016 and will join new company on 20/01/2016.
Is it Legal that i can withdraw my all PF and EPF with current UAN number and can use same UAN for new company?
sir, I am completed more than 2 years and 6 months in the hospital. As i am facing some financial difficulties, can i request some LOAN amount against my EPF to my employer. Please advise.
Yes you can
Yes, you can do that
in case i quit my job can i withdraw my pf amount with out my company HR-sign
Yes you can
what is the procedure to get it
You can fill up form 19 and send it to EPFO office !
I am bit confused with EPS withdrawal, if I quit the company between 1 – 9 yrs then I will receive entire EPF but EPS example what it is shown is not clear , I understood the table D but confused between 30,000 and 15,000 salary. Pls explain with proper example.
Thanks,
Deepak
i worked in a private company from the year 1999 to 2004. i received my pf amount.
for me pf pension is eligible or not. if yes means, how to apply for family pension
YOu will automatically start getting it once you are 60 yrs old
I am completed my services 10 years but my age is below 50 I am eligible for the pension which form I am sumit 10 C or 10 D please advice.
You are not eligible , you need to first cross the age 56 for that
Thanks a lot Mr Manish Chauhan. It was worth reading!!!!! The article was too the point and gave a clear understanding of the complete EPF rules as well as benefits.
Glad to know that JigarGada ..
I got to UAN no one from my previous employer and current one is mistakenly from my current employer. I did all my old pf account transfer to my current one through my old UAN no. Now Question is how to deactivate one of them? and which one should be deactivated old one or new one? I have also seen that my pension contribution from my old pf accounts is not being transferred into my current account and also I have seen slight variation for EPF amount also. Is there any deduction happens while transferring from one account to another.
You need to activate the UAN which is provided by your current employer .
Hello,
I worked for a company for 1 year in 2007 and joined another company in 2008. That previous company is closed now & I have not withdrawn my PF money yet.
Recently my current employer has added the previous member id to the UAN.
Question is, can I withdraw the previous PF money now as that is added to the UAN?
Yes, you can do that
Do not withdraw unless urgency. better apply for online transfer through the OTCP portal.
Hello I am working in a private company since 2002(more than 10 years). However i have withdrawn my EPF once in 2013 by giving resignation and after 2 months i joined the same company. Now i want to ask can i take any type of loan against my remaining EPS or can withdraw that money??
From what I understand, you can not withdraw the money, but you can take the loan
Do you know the procedure to apply the loan??
No MOhit
I dont have deep clarity on that. You need to talk to EPF department for that
Manish
Hello Manish,
I have left my first employer on 09/11/2015 and joined the next employer on 18/11/2015. I have informed my new employer about my PF and UAN account number so that they can update them into my details. Now, I can see my earlier employer name is attached with my UAN, while login into the epfonline website, that may be because the first payroll is yet to run and hence the details are not updated. But, I am not so sure.
My questions are
1) I want to withdraw the entire amount that is there into my EPF and Pension account. Is this possible?
2) Along with these withdrawals I want to continue with that same accounts for my new employer. Is this possible?
Thanks,
Soumyadip.
YEs, you can withdraw from the current and then provide the same UAN to your new employer .
Hi, I have resigned after 6 years of service and joined a startup which has less than 10 employees. In this case can I withdraw my PF as there are minimum number of employees a company should have before starting PF account.
Yes, you can withdraw it !
Hi Manish,
I have completed 8 years of service in my previous establishment. I have currently been 6 months since resignation
without joining any organisation and started my own office.
I wish to withdraw both my EPF and EPS . My query is related to EPS withdrawal
1) what you suggest withdraw of EPS or kept like that
3) Please suggest which option is better.
Regards,
raju
I suggest withdraw it completely !
Hii,
I am working in MNC and i want to ask about pension contribution. My PF was started depositing PF from April 2014 and now i want to quit the job. i want to ask how can i get whole amount of PF (including pension contribution.)?
You can withdraw the amount by filling up the withdrawal form
Hi I have 2 years of experience and now im working in different company and my last working day in last company was Oct4th so can I apply for it?
Yes, you can apply for it
My company has been meagre with new. MNC co in March.They are deducting my PF contribution from my salary.but till date they have not taken PF No.
You should ask for it then . Or complain to EPFO on this
Hi Manish,
I have completed 10 years of service in my previous establishment. I have currently been 2 months since resignation
without joining any organisation
I wish to withdraw both my EPF and EPS . My query is related to EPS withdrawal
1) As per EPS rules after 10 years of completion of service one cannot withdraw EPS .
The Govt gives the EPS holder Scheme certificate.
2) I wish to withdraw only EPF and transfer EPS to next employer. Is this option available ?
3) Please suggest which option is better. Transfer of EPS or withdrawal in lieu of Scheme certificate.
Regards,
Zaheer
I would suggest going with the 2nd option if you are planning to reinvest the EPF part in some good product, else go for 3rd option
I filled the Ex-Employer withdrawl form and after three month I have received only partial amount.
What is the reason behind this?
Hi tushar
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
HI,
I have 9 years of service and quitting my Job by Dec 2015. I’ve been contributing to EPF and EPS all these years. I’m planning to withdraw my EPS amount post December. My question is will the withdraw amount be calculated as 9.88*15000 (which is as per revised amount) or will it be (6500*7.54+ 15000*2.05). Please explain.
Hi Rohini
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Manish
Under points 9.3 ,9.4, 9.5 above, it is mentioned that the withdrawal permitted is “x” times the wage. Could you clarify the definition of wage?
Thanks!
Truly speaking its still unclear to us. I have assumed it to be the basic salary
if service is more than 10 years and left the job without attaining age58 years what will be the amount of pension .
Hi harish
This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that
Manish
I need to withdraw pension contribution with the PF withdrawal is it possible?
Hi Leema
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Is it possible to withdraw pension contribution while withdrawing PF amount?
My period of service is 2. 7 yrs and not in job for 6 months.I have applied for EPF+EPS withdrawaI.I want to ask If i will be given EPS amount apart from EPF?Will there be any deduction made on this money?
Yes, you will be given both of it !
Hi Manish,
I have been working in a PSU for 15 months. Now, I have got another job in Railways, where the employees are covered under NPS. What will happen to my existing EPF account and balance amount? Is it possible to transfer? Please help me out.
I suggest take out that money
Thanks Manish. I’ll consider that as my last option because the withdrawal will be taxable.
In this year’s budget speech, our Finance Minister had announced that the Govt is thinking about a way to switch between NPS and EPF.
Just let me know whether the matter is finalized and what are the guidelines. Thanks in advance.
i had worked for 9 yrs 10 months and then employer has relieved due to closer.
What i will get, EPF and EPS both or only EPF?
You will get both
Hi Manish,
Previously i have 4 PF account due to change of Job and now through PF transfer facility i have transferred all accounts in my current PF account which is linked with UAN. and on UAN Portal EPF transferred amount is showing properly but EPS amount is not transfer to my new account. I checked in UAN protal EPF amount is displayed but Previous EPS (Pension Amount) is not displayed in account.
So, Please suggest me what can i do for that ? so that i can view my all EPS amount and my total Job duration is 7.6 Year.
Thanks
Please reply
Hi Ashwani
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi,
Is There A Way To Transfer Pension Fund From Previous Employer To The Current Employer? In All My Previous PF Transfers, I’ve Received Only
The PF Amount. I Am Not Sure Where Do They Keep That Pension Amount. Any Help On The Following Points Will Greatly Appreciated.
I) Can We Really Transfer The Pension Fund From One Account To Another?
Thanks In Advance!!!
Regards,
Amit TIwari
You just need to fill the form 13 and submit to EPFO
EPF amount is transferred in my account, but EPS amount is not transfer to my new account. I checked in UAN protal EPF amount is displayed but EPS (Pension Amount) is not displayed in account
I Worked with limited company in last 1.5 years pf amount deducted about 15 months I think amount it will be more than 24000. so I would like to withdraw pf amount now. How many Amount received because this amount Included pension Contribution
Hi riken
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Manish,
I recently moved to a new company. In my previous company pf amount deducted about 18 months I think it will be more than 30000. so I would like to withdraw pf amount now.
Can I know what are the amounts will it includes (pension/pf etc.) and
How to withdraw pf amount? specify requirements?
Shall I get total pf amount ? or else still there will be a percentage amount kept with epfo?
Hi Sandy
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
if i leave a company after 14 years can i able to with draw pension fund amount from my PF account
No , you will get pension only !
I am working now in private sector, EDF is deposited .now i am going to join Coal India Ltd. Where they deposit the PF in their own Coal mines provident fund organisation. IS IT POSSIBLE TO TRANSFER MY ACCOUNT TO THEIR?
Hi AMIYA
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Suppose if we take loan, would there be any interest charges?
Or being it our money they will give it and we need to pay it back in EMIs?
Please suggest.
Obviously there will be interest rates 🙂
Dear Manish,
I am leaving country (CANADA PR) in Feb 2016, and have completed 6+ years of job.
I want to know how much of total amount i can withdraw (Assuming 100%, because leaving country forever/ can prove with copy visa/air-ticket).
And it would be very helpful if you can list-out documents required/Procedure for the same.
Hi,
Pls collect ur UAN number from the employer
Generate ur password from the link and u can see the clear view or ur PF details in the UAN member portal
http://uanmembers.epfoservices.in/index.php
First click the link ” know ur UAN status ” // It will ask some details abour the PF then it will ask to give password for the UAN, / Give proper informations and generate pasowrd.
Then login with the UAN number as user id and password for the details…
Rgds,
Vishnu.
Hi Amit
Thanks for asking your question. However we do not have answer to your question.
Manish
From my past company I HV not withdrawn EPS can I do that and how. Pls help
Hi Katta Chandra Shekar
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi ,
If we completed10 yrs we can’t withdraw EPS, but can we withdraw EPF.
Yes you can
Many changes r made .
Hi,
Can I withdraw pf by applying online after assesting the document by employer..
Only if you have UAN
Not sure how old is this Article. 2 quick points to note.
1.EPS: it is changed to 8.33% on basic and upto max 1250, it is no longer 541
2. As this picture says employer epf will not be 3.67%. It is 12% of basic – eps contribution
Hi Murthy
Thanks for pointing them out. I have made those changes
no comments
i am having 13 years service. while retirement or withdrawing of PF what about EPS? shall I get total EPS on retirement or withdrawing of PF
Hi Sekhar
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
I worked in a private school from 1996 to2010 and was alloted EPF no Now i work in aGovt school and alloted nps Can i claim for old pension and Gpf no.
Hi Deepak Singh
Your cases is a bit complex and I think we are not the right people to comment on it.
My suggestion would be hire someone who is professional in this area and consult them
Manish
Hi Deepak Singh
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
I have heard some where that a PF account that is dormant due to 3 years of inactivity is suspended. However, On transferring the amount, Interest for the whole period is paid too
Please shed some light on that topic
No its not like that. Once you transfer it , you will then start getting there interest thereafter
Hi,
If an PF accounts is not claimed or transferred for 3 years interest will not be paid after 3rd year and need to contact the pervious employer for more details.
PF amount needs to be transferred or claimed , or it will be treated as dormant.
Rgds,
Vishnu.
yes EPS is revised to 8.33 % or 1250… which ever is lower
I have made that change in article
The article appears to be Old and not updated. The Rs.6500.00 ceiling has been upwardly revised to Rs.15000.00 and corresponding 8.33% on pay (Rs.541. 00) too stands revised to Rs.1250 00.
Hi Kaushal Kumar
Thanks for sharing that. The article is updated with this information now
Hi Manish,
I have completed 7 yrs of service in two MNC’s. after completion of 10 yrs means,I think in both the orginizations.Please correct me if my understanding is not correct.
Thanks,
Mallikharjun
No its total
I worked in a company for 4 years. My last working day with the company was July 1st 2015. Wanted to withdraw my EPF. Heard that now withdrawal is not possible if we join other company immediately. Is it true? As I joined new company in the same week, will I get my EPF if I apply now? Pls answer…
Thanks
No , you wont . Withdrawals cant be done unless you are unemployed. You can just transfer the EPF
After 8 year service, I had withdrawn my EPF before one year but i have never check EPS. But at the time withdrawal , sum amount remain under Pension, So would i claim that amount ? If there is any procedure please let me know.
Thanks in Advance
Sujit B | 9930267763
You need to fill up the EPS withdrawal form and submit it to EPFO
Hi Sir,
I have the PF account and currently I am going to join banking sector on 28 Sept 2015. There in the bank we have NPS.We have PRAN number there.
Do we have a way to transfer the PF balance to NPS?
Hi Srihari
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Sir in above query I had mentioned may month it mean 2015may
Dear sir u have given a wounderful information, I had one query I had left one organisation in 2006 I worked for two year in that organisation I neglected to withdraw or transferring my epf to present organisation, In may month I have submitted in online for transfer but I sent late of hard copy duly signed the employer regected my transferred request what I have to do now
Hi Pavan kumar
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Very useful article.
Can one withdraw the PF amount if he/she is still employed but in different country ?
What happens when PF account is not functional ? For 1-2 years employee goes onsite and there is no money getting deposited in PF account ?
If EPF is inactive for 3 yrs, then it will stop getting interest after that.
Hello..
I want pension so how many years work in a company?
atleast 10 yrs .. please read the article
Lets go with the example.. I have 8.5 yers exp and want to quit company.. so should I get complete EPF and EPS ?
Yes, you will get full !
Hi Manish,
I worked for a firm for 12 years and later initiated PF transfer after joining the new firm. The transfer process was pretty fast and it got transferred to new account. However, it has not transferred the Pension Fund. I opened a request in EPFO web site and they gave below message. “WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ”.
So how do i track my old Pension fund as it is not being shown in my new account?
Same problem I am also facing. Have you got any solution??
I am also facing same problem. Have you got any solution.
Not yet. Waiting for some guidance from experts like Manish.
Hi Shiva
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Shiva
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Thanks for the update. My question is everybody seems to be getting the same answer if they open a request with EPFO. I am trying to understand, what is the expected result in this scenario officially from EPFO? Should the Pension Fund also to be transferred along with PF into new account and reflect in the statement? I ask this because EPFO says it will be calculated based on service period and records are maintained with them which are not visible to us.
I am not that much clear on that front . It might help if you take the route of RTI here
Hello sir I recently got a job and I have my joining tomorrow. I read ur article and that one can opt out of EPF. My question is if I opt out that matters I should consider before making this decision I mean pro and cons attached with this decision. And will my employer allow me …??
My advice is don’t opt out. Pf has somany advantages and more over its just 12 % on u r basic salary. With out u r knowledge u will be accumulating huge money.
First it can be done only by those whose salary is very less.
Sir,
I have work in past 1.5 year pvt ltd company, resign in february-2015, still epf amount not credited so what are procedure to be claim
You can fill up the withdrawal form and send it to EPFO
Hi
Thanks for the useful article. I have one doubt that you have mentioned 50% of your contribution can be withdrawn in case of marriage (self or sibling). What does this 50% stands for i.e. 50% of EE+ER or just 50% of employee contribution only.
Thanks
50% of the employee contribution only
I have worked in a organisation for 4 years where the PF is maintained through RPFO, Chennai. and I have switched to another organisation and working here for 2 years where in my new company PF is maintained through a trust not bu RPF office.
I have transferred my PF amount to new organisation. Do I need to do anything for EPS also. how to transfer the EPS to new organisation?
For EPS there is form 13 I guess, you need to fill that one too !
Sir,
I have transferred my old PF account to current PF account.But pension money is not credited into current account.
Your saying to someone.Please go through the RTI route.
What is mean by RTI route.
please help me.
I mean ask your queries directly to EPFO regarding this using the RTI application. Only then you will find proper info on this
Hi Manish, i had sent form 10 C for withdrawal of my Pension Fund after 6 years of service..however i realised i shd not withdraw it as its number of years that can benefit me at the time of retirement..i got a message that it was received at EPFO office yesterday..is it possible to cancel it now ? Please advise
I think its already too late
Will the calculation of 10 yrs be considered cumulatively from all the organization worked or will the years put in each organization be considered separately.
Yes, it will be cumulative if you keep transferring your EPF .
Dear Sir,
In your post you have mentioned that after 10 years of service the EPS withdraw option stops. I have worked for an company for 9 yr and 6 month and after I left the company applied for withdraw after 6 months. So by the time the withdraw form reached PF office its already more than 10 yrs from start of my career but I hv worked only for 9 yrs and 6 months. Am I going to get the EPS withdraw fund.
Thanks in advance.
Hi Pradeep
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hello Manish,
I switched my job after working in previous company for 3 years and 9 months. My EPF account in the previous organization is showing 26861 as EPF and and 16045 as EPS. After transferring previous EPF to latest one, I only get EPF amount as 26861 and not EPS amount of 16045.
How much of my EPS contribution, can I get . My last basic salary was Rs 18000.
Hi Rajdeep
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hello Manish,,
Thanks for a detailed write up, It helps a lot.
What do you mean by “wages” under the PF withdrawl to repay housing Loan ?
Is that Monthly base salary or a monthly Salary or Monthly PF contribution, Can you please Clarify
Its monthly base salary
Sir,
I have joined in a MNC company on Nov 2nd 2005. In November 2nd 2015 I will be completing 10 yrs of service. Will my PF amount can be withdrawn if I resign after completing 10 yrs ? Whether I will get my full PF amount if I resign before 10 yrs?
Will the PF amount goes to pension Scheme after 10 yrs?
Yes, you will get full EPF amount. For EPS you will get pension , not amount
What happens when you retire. Can you leave your PF money with the EPFO?
Will it still generate the same interest?
Yes, its possible
An employee having 2 PF account number from different companies. Actually he is working as Field Associate in 1st Company, it’s timing 8.00 am to 5.00 pm and Cashier in 2nd Company, it’s timing 11.00 pm to 6.00 am. He gets salary from 1st company is Rs.8000/- and 2nd Company is Rs.12000/-
Both the employer has deduct PF from his salary.
Please let me know if both the accounts would be valid in this case
Yes, they are valid
Sir
I got my eps amount as average salary x table D factor which was told by epfo in response to my grievance.but you that eps is calculated as last salary x table D factor.Please answer…
Hi Sadananda
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
I have transferred my previous 3 nos’ PF accounts to my existing account. 1st service was more than 10 years, 2nd service 6 months 15 days and 3rd service was for 3 days. I have received the amount from my previous PF accounts except those EPS amounts. No EPS amount is showing. How to get back those EPS amount ? Am I eligible for those EPS withdrawl.
Hi BARUN
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Dear Manish Sir
Send me PF EXAMPLE about employee contribution, employer contribution + intrest
Hi Manish,
I have worked with an organization for 3.5 yrs and now joined a new organization. I didnt transfer my PF to new company and dont want to transfer it either in next future. My Questions are:
1) when should I withdraw my pf from previous company to avoid tax on it ( as this is for less than 5 yrs of continuous service)? Can it really be avoided?
2) would my previous pf account get any interest on it if I dont withdraw it and if yes then for how long?
YOu can withdraw it after 1.5 yrs, when you complete total 5 yrs of EPF account
2. till 3 yrs it will get interst
Hi Manish
Good afternoon.
I need to withdraw my deceased husbands Pf, I have marriage only as proof, but my name in other I’d documents is not changed to husbands name, its still the maternal name, will there be any issues to withdraw. Also the ban passbook is old name.
Thanks in advance. Pleast suggest.
Regards
Hi Shweta
Good Morning
You will be ask your husband PF matter to notary advocate .Becoz he will be definitely solving your PF matter.
There should not be any issue, but it would be a lot of run around. Be ready for that
Hi Manish Chauhan,
I worked for a company exactly 9years 9months. I submitted the form 19 and 10C. My EPF amount has been released by department by not the EPS part. May be the reason of completing the 9years and 6 months. Now I want to know that is there any way to get the EPS money if I do not want to avail the pension facility.
Regards,
Satyarth
I am not sure if thats possible . I suggest you take the RTI route to find out the exact information
Hi
i worked ‘X’ company for 14 months which has epf scheme.after resigning i got government job where transfer of pf is impossible because my new employer following nps scheme.so suggest me how to proceed.
Thanks in advance.
I sadly dont know what should be the answer in your case
Hi Manish,
I completed 10 yrs in one company and recently changed to another company. I have home loan also. Is it good idea to withdraw old company PF and repay home loan? Please share your advise. i am in confusion to whether withdraw or not
Thanks,
Surya
There is no one answer for this . BUt yes you can surely clear the loan if you are very sure that you will plan for your retirement after that
Hi A am working in pvt. ltd. company last four years contuneus And I want to received PF Pension now please give me suggest.
You can get it only once you retire or your age is above 56 yrs !
I have settled abroad. How can my parents or nominee withdraw my EPF in India? Please help with the process
They cant.
Only you can do that. Fill up the EPF withdrawal form and send it to EPFO . Also note that in coming months, the facility to withdraw EPF online might be there
Manish
sir.
i am withdrawl my pf EE amount 45910 + ER amount 14025 ……
DOJ 3/1/2010………..DOR 1/5/2015
i need My total amount of pf withdrawl now…………Amit
Hi Amit saha
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi Manish,
I would like to know if there are time restrictions between two PF withdrawals. I have 14 years of service in the current organization. I had withdrawn PF this Jan for medical surgery and now that i would like to withdraw for purchase of plot (6 months from previous withdrawal).
There is no time restrictions !
The pension form 10-D got rejected due to insufficient service i.e. Date of leaving job before 1993. I have got amount against form 19. Shall I submit form 10-C to claim withdrawal benefit under Employee Pension Scheme 1995.
Thanks
Hi Shailender
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
i have already quit my job, how i an withdraw pf amount
You can fill up the EPF withdrawal form and submit it to EPFO department
I am diagnosis a bipolar disorder (mental) in normaltearms.
How am I to wiwithdraw my Epf
I am professionaly Physiotherapists.
Worked fr 17yrs
You need to apply for it with EPFO . Check with their contact. Also use RTI here
I complete 4 years in steel industry and i want quit from job for self employment like bussiness. My question is is there any rule to get 100% of epfo including employers share
You will get full money, but I suggest you withdraw after 5 yrs of service , so that there is no TAX !
I recently started a new job and wanted to opt out of EPF but the administrator of the find is telling me that i can’t do that as it’s compulsory for all employees employed by that employer to have one. Is that legal or is there a way i can exit the fund?
Yes, its compulsory !
I worked in ‘X’ company for 1 years and 6 months, 25/06/2013 being the last day. As per PF passbook EPF amount is Rs. 22696(my contribution) + Rs.14580(company’s contribution) whereas Rs. 8115 is EPS amount. After leaving that company I did not work till Oct’14 when I joined my current company. I applied for PF transfer from current company and now passbook shows that Rs.27468 + Rs.17664(my and company’s contribution respectively) has been transferred to current PF account. There is difference between amounts in previous passbook and trasferred amount which I think is interest. But EPS column in passbook shows no transfer.
Please tell me how can I transfer EPS amount to current account or withdraw it completely?
Hi Shrikant
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hello Srikant and Manish,
I’ve received response from PF office regarding EPS. As per them, when we transfer PF using Form-13, that transfer only our contribution, employer contribution in PF and interest paid if any and year of service rendered as per previous account.
It never transfer your EPS part. for EPS you need to apply through Form 10C either to withdraw (*given year of service is less than 10 years) or subscribe to scheme certificate.
@Manish – In point 4 I the above article, you have taken 6500 to calculate the value of EPS for withdrawn, shouldn’t it be 15000 as per latest amendment. I’ve read it on internet that as per latest update it would be 15000 but EPS office has not shown that anywhere yet.
Reg.
Manoj
Manoj,
Is it possible to apply on-line for EPS (10C)?
Thanks for sharing that
Hi Manish,
After 2.4 years in my first company, i shifted to a new company, and after a few months,
I applied for a PF transfer and it has been completed today. I received a confirmation mail.
I would want to know if my EPS amount is also tranferred along with my EPF or only EPF amount has been transferred.
I have filled only 1 form for transfer. I have not filled any separate form for EPS transfer.
If EPS amount not yet transfered, what is the procedure to transfer/withdraw the same?
Thanks,
Adrian
Hi Adrian
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
• EPS contribution is mandatory ? (considering the fact that basic is more than 15K)
• Can it be merged with PF only , considering the EPS scheme -2014
• If EPS scheme is not mandatory , then can the amount is transferred to PF account.
Please ans the query considering the EPS act-2014 (which is released in aug -sep time frame )
Hi Sudaya
* Yes
* No
* Its mandatory
Dear Manish,
I had applied for withdrawal of my PF. However out of the 3 Contributions. Employer/Employee & Pension Fund. I have only received the Employer fund that too 200 Rs more than what shows in my PF passbook.
Can you help me when will i receive my Employee & Pension fund contribution & will there be any deductions in that.
Hope you can help me.
Regards,
Faisal.
Hi Faisal
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Dear Sir / Madame,
Greeting’s !
Hope this mail find you in good health !!
I started working in Year 2000. Have changed job from time to time. Please find the detail’s
Organisation Name Tennure EPF Withdrawn
HSBC 2000 to 2006 Withdrawn
Kotak 2007 to 2010 Withdrawn
Credit Suisse January 2011 to February 2012 Transferred to Milestone recently
IIFL February 2012 to July 2012 Transferred to Milestone recently
Jobless JULY 2012 to October 2012 NA
Axis Bank November 2012 to June 2014 Transferred to Milestone recently
Jobless JULY 2012 to October 2012 NA
Milestone November 2014 to July 2015 Currently working here but contract getting over in July end.
Sir / Madame, my query is as below:
I have transferred the EPF money from Credit Suisse, IIFL & Axis Bank recently to Milestone in last 3 months. When my job gets over next month at current organisation, below situation’s occour:
1. Can I immediately withdraw the entire money and would it be non taxable since I have been working for last 15 year’s with different organisations without any common account number or because I have had been jobless in between that’s going to impact taxation or the fact that it’s not a common account number it is going to be taxable
2. If I am jobless for more than 2 months can I withdraw the money so that my home loan and other expenses can be taken care off …
3. Technically I am the same person weather having one account or multiple account and been working for 15 year’s so can’t I withdraw this without paying any tax ? Also I have never claimed any tax benefit and shown this in Income tax. Have always separately done my investment for tax planning.
Sir/ Madame, I have gone through two Angioplasty in last six years and have not been keeping well. Can you please guide. Shall be grateful for your valuable suggestion’s please. Shall be highly obliged for your guidance.
Best wisehs,
Praveen Jain.
98250 47249.
Hi Jain
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Dear Manish,
Greetings!!!
Really nice article and very informative….
I need one more info, I was working with one company for around 5years(20days less to 5years, from May 2008 to April 2013) and switched to next company before 2years(in April 2013), now would like to withdraw EPF amount, my questions are
1. Is it worth to withdraw at this moment (as I am not in urgent need)
2. Is my EPF amount will get interest? If yes how long interest will continue?
3. Can I transfer it to my new EPF account(with present employer)
4. If I really want to withdraw , how much tax will get deduct?
5. Is there any problems, if I kept inoperative of my previous EPF account, since 2years no contribution to that account.
Please advise me….
awaiting for your valuable feedback.
Thanks
Chandrashekhar
1. Yes you can do that
2. Just for 1 more year
3. Yes
4. None, as 5 yrs has gone
5. No issues, just that interest wont be there
Dear Manish,
Thank you very much for your feedback.
Have a nice day…
regards
Chandrashekhar
Thanks for your comment Chandrashekhar
Hi Manish,
I want to avail PF advance. How many days does it take for me to get the advance after submitting the application.
Hi Sudha
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
I was working in a private school for more than 10 years for which school was deducting the EPF. 4 years back I shifted to another state. There too EPF is paid. Can I shift the 2nd school Epf to 1St school and claim for my pension for both together. I completed 58 years. Now iam retired and not continuing in service.
Kindly give me a reply
You can transfer your 1st EPF to 2nd and then claim pension . I suggest you take help of RTI in this matter
Thank you so much for your reply
I have swithed the job 10 months back, still previous PF is not transferred to new account.
3 after leaving the previous company, that company had released the cheque and PF office had received the same(i have inward reciept)
But in current company says their is issue with UAN so it will take time transfer previous PF amount to new account.
My question is, my previous PF amount is niether held with previous PF account nor current PF account, then can get the interest on that PF amount which in the air?
Mr.Prabhakar,
You should get the interest for the previous PF. once you get the UAN number then you check it in online itself.
Hi Prabhakar
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
I have left my previous organization in 2005 and the balance in PF account has been transferred to my current PF account in 2013. I would like know the transactions during this period viz., interest etc., When I went and requested the regional PF office employees, they were saying that it is not possible to provide the account statement.
Under RTI, can I opt for the account statement for the full period i.e. from account opening to till the transfer.
You can get all info using RTI . Ask all the questions you have and they will reply to them.
Manish
Lest say for 5 years my deduction was Rs 541 per month and for one year my deduction was Rs 1250 per month then while withdrawing at the end of 6 years the calculations would be like 15000*6.4(as per table D) = 96000 or it would be 6500*5.28(as per table D) + 15000*1.02(as per table D) = 34320+15300 = Rs 49620
Hi Sharad
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi, Since October 2014 the EPS amount deduction has been raised to Rs 1250 so while calculating EPS will the figure Rs 6500 will be also increased. Till now it is Rs 6500* Table D(as per number of years) .. Now since the EPS amount is increased so this figure of Rs 6500 must also be increased
Hi Manish,
I am leaving one company at 3 years now and joining new one immediately.
my pf spans are like this (2003-2006 ) – one Company””X”.Other Company “Y “(2011 – May 2015.)
I have transferred previous Pf of X Company to Y in last month.
MY question is if I withdraw pf will if be taxable.
Regards,
Sandeep
No , it will be not !
Thanks for comment
but my dought is if I am not completing 5 years with this company and joining new one immediately.
the PF ammount will be taxable.
Please suggest me as I am in process of withdrawal of PF on exit.
Sandeep
Yes, if you have not completed 5 yrs, then withdrawal money will be taxable . You cant escape that !
thanks.
Last one question
My previous Company PF (2003-2006 ) is added to the present company .
will it qualify the 5 years span or span should be with one compnay for 5 years
Sandeep
Hi,
In next week I will join my new company.
EPF is deducted in my current company and more than 4 years is done.
Now my new company which is small and can not provide any EPf facility.
But I want to continue my EPF account.
What should I do?
Even if I will withdraw EPF , It will become taxable.So I want continue it at least 5 years so I will have not to pay any tax on my Epf amount.
Please guide me as soon as possible.
You can just leave it like that for next 1 yr and withdraw after it completes 5 yrs !
Hi Manish,
can i withdraw my pension fund after 10 years of job
if yes then what is the procedure.
No you cant
Hi
Thanks for such an informative article.
I have one query under point 9 regarding withdrawal of PF.
You have written we can withdraw 50% the employee’s contribution does it allows 50% of employees contribution or does it stand for 50 % of EPF, or 50% of EPF+EPS
As total PF = Employees share+Employers share+EPS) Kindly explain.
Also put some light on the copy of wedding invite and receipt of fee payable.
Kindly share the procedure for the withdrawal in this scenario where employee has completed 7 years and needs to withdraw the PF under first point (marriage etc.)
It means 50% of your total amount in EPF , Means yours + employers contribution !
What if a person don’t want to get pension after 58 year. can a person get his EPS amount in lumsum.
No I don’t think that option is present
Sir,
I have completed my 15 years of service I don’t want to take the benefit
of EPFO Pension Scheme. Is there any provision to withdraw the pension
amount which has been deposit in EPFO.
Dear Manish ji,
Thanks a lot for giving comprehensive knowledge of EPS. I am dealing with EPS-95 cases in NTPC. May I request you to kindly guide me as to how Part-B of Form-13 is to be filled correctly i.e. date of joining and date of leaving part please.
Thanks a lot
Hi Arup
I dont have that deeper understand at form level !
Sir,
I worked in a private organization from December 2010 to January 2011, I sent a request to HR asking for PF withdrawl procedure, they sent me form 19, 10c and asked to fill an undertaking form if the withdrawl is after two yrs of last working day. I am not sure what to fill in the undertaking form. Please advise what reason can be filled in the undertaking form for the delay in withdrawl.
Thanks in advance.
Hi Javed
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Hi,
Can any one help me to understand this below transaction online PF transfer status.
And how much time it still take to transfer this transfer amount.
I got the message from EPFO on 03/09/2014 saying that:-
“Member ID: DSNHP00174920000006780-112 PF Claim ID: NHP140750001400 Settled Amount: Rs XXXXX.00 Sent to A/c No.: 30100649549 (IFSC Code SBIN0001122)-EPFO”
——————————————————-
Sr No Member Name Previous Account No. Current Account Status of Claim Employer Printable Form 13
1 BHIUTRAS MEHER DSNHP00174920000006780 WBCAL00403940000000600 02 July 2014 Claim Form Submitted .
17 July 2014 Claim Form Approved by Previous Employer .
Current Status :Your request is In Transit between EPFO Out and In Office. Details
—————————————————————-
When it will be credited to my PF account.
Thanks in advance.
Hi Bhiutras Meher
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
HI All,
I need your urgent advice on an issue.
I switched my employer from company ‘A’ to company ‘B’ in Aug 2007. I had also applied for a PF transfer somewhere in Mar 2008. .Can my company ‘A’ forcefully/automatically deposit the entire PF money in my saving account (resulting in huge tax liability) citing delay on my part to initiate the PF transfer process ?
Can they do it without my consent ?
Thanks
Regards,
Varun
It you have applied for transfer, then it will not come in your account
Hi,
I am working for the past 4 years. I have to resign this job as company business is not going good. Company is also giving me option to continue in job without salary for 6 months just to keep the experience going . i want to know
– will there be tax on PF withdrawal. Pf account have PF from this job only.
– If i withdraw it after 1 year of leaving this job, ( that will complete 5 years from start of PF account) will it help to avoid tax?
1. Yes
2. Yes
Manish
I want to reconfirm below:
– if i leave job after 4 years of PF contribution but withdraw PF after 1 year of leaving job, there will not be any tax… right…
Yes
Thank you for this useful information. Keep up the good work.
Thanks for your comment Preejith
Very useful information. Thank you…
Thanks for your comment ashok
Help me to understand options available to me on Provident fund. I am NRI with no income in India from 2012. I worked in India from 2009 to 2012 had provident and voluntary provident fund contrbution to company’s private PF trust. Once I left the job in 2012, I had not withdrawn my PF. As I moved out of India, I had no option to tranfer in PF. Now, its about 3 years (2012 to 2015), PF account will become dormant with no interest paid. I have no immediate need of money. Help me to understand on tax liability on PF withdrawal. I understand 5 year of continuous service leads to Tax free withdrawal of PF. Will my 3 year of service (2009-12) and 3 years of waiting (2012-15) be counted in continuous service? Or Do I have to wait for another two years to be elligible for tax free withdrawal?
Hi Amol
Yes if you wait for 2 more years, then it would be non-taxable withdrawal
Hi Manish,
I have worked in last organization for three years and then transferred the PF to my new organization. I worked in my new organization for 3 years again and left the job. Please let me know if I withdraw the PF , do I need to pay the taxes. In UAN Website my joining date is mentioned as joining date of my current company and not the last.
Thanks,
Hi Manish,
Great Article. Thanks.
I will be moving to US for my higher studies and planning to withdraw my EPF. Is there any other procedure to withdraw EPS or will it be included when I withdraw EPF?
You can withdraw it only with EPF as far as I know
Thanks…….
Hi Mainsh,
i have recently got transferred pf amount form previous employer to present employer but i didn’t get transferred pension amount.
i have worked previous company (2 years 10 months).
Thanks,
Ramesh Kondeti
Hi ramesh kumar
You should take help of RTI now in this case ! .
Manish
My Company deduct my P.F. from salary can i operate my PPF account and get tax benefit
Yes
Hi Manish,
This is really useful information.
I want to clarify one thing over here is that If suppose I have completed 10 years of my job and I have 80000 in my EPS account so
1) Can I withdraw EPS after 10 years (still in job)?
2) If Yes ,will I get full amount of EPS or still there will be some calculation ?
3) Is there is any way to opt it out from EPF and EPS if once opened EPF accout after 10 years?
Reading your blog I am thinking that to opt for PPF is better option than EPF for new comers( If employer portion is also part of your CTC)
Please clarify my doubts.
Hi Pooja
1. NO
2. It wont be full
3. No
Hi Manish thanks for very useful information.
The present Modi govt. has changed the pension limit max 15000/- and min as 3500/- but you have mentioned as 3250/- as max.can you please clarify.
Regards,
Raghu
Yea , When I had written the article it was 3250 . I will change the numbers
Sir,
I worked in a school for the past 22 years and resigned nine months ago, due to health reasons. My PF claim form was returned saying I have to take pension. I am a 44 year old widow with one son. I am in need of the money now, what’s the use in telling me to wait for 14 years more to get back my money, in Rs 1,000 instalments (I may not even be alive then). Moreover, the PF office insists on me producing certificate of age proof, I don’t have any certificates.
Please guide me sir, I’m desperate.
Hi Sharon
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Thanks Manish for such information.
I have a doubt regarding EPS.
I have been working last 8 years. In first year completion I changed the job so I withdrew the amount and open new of account in new company. After that I continued 3.5 years of my job then changed the job and got transfered my PF so I got new pf account in my new company which has got money transferred from last PF account. In the new company I continued my job again 3.5 years and lost the job and became jobless around 2 months. Then I joined new company there I opted for PF account transfer so I am getting 20k as EPF(emp+empr) and 1250 for EPS every month. When I see the epf detail on the site it shows me all amount credit history from my second company.
So my doubt is. Am I eligible for Pension benefit? Because it requires one to serve at least 10 years to get EPS benefit and I changed many jobs in in 8 years only.
Hi Kumar
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Thanks for your suggestions to raise grievance and submit RTI now my service details of previous company are added to my current employers service details. After getting reply from PF office and ministry of labour I am trying to resubmit my Form-13 via Online transfer claim portal for PF transfer from old PF account to new account number .
I am getting following error message: “The attempted request for transfer of accounts already exists on the system. Click here to know your existing requests”.
My previous 2 claims were rejected as EPS details from previous company were not available and after resolving that I am trying to re-submit the Form-13 via OTCP.
Please let me know what could be possible issue.
Thanks,
Siddharth
Hi Siddharth
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
I have changed 2 jobs and both the previous companies ( say A and B) had their own PF trust. My new company ( say C) manages it PF with EPFO. I have transferred both my PF amount from the previous two companies A and B to EPFO. The membership with EPFO is showing as 4+ years only ie. my current employment tenure with C.
I have more than 23 years of experience and have not withdrawn PF from my previous employers but transferred as stated above.
What is the way to ensure that my EPF membership is restored to my complete service length 23 years not only the present employment period ie 4 years
Regards,
Sanjay Thakur
Hi Sanjay Thakur
You should take help of RTI now in this case ! .
Manish
The EPS contribution by the employer is 3.67 & not 8.33 . Please correct if I m wrong.
Yes
Hi Manish,
I switched the company and transferred the EPF from old to new company (using UAN portal)
I have a question to ask you about EPS, I have worked for almost 7 years in previous company, EPS balance in old passbook was almost ~38000, But, when I see the new company passbook post PFtransfer, only Employee and Employer share is transferred and not the EPS
The EPS wheel starts again with zero. I am kinda swinging around to understand what happened to my 38K & how this get invisible in the transfer procedure. (scam??, I scare of the govt)
Reading above blog I understand I need to finish next 3 years in service and then retrieve the scheme certificate so that I can get to see portion of those 38K.
Do you have any idea?
BTW following are some of other observations in EPF transfer procedure of mine:
*UAN card shows two member ids on the card
*Amount 541 is changed to 1250 since 08/2014,
*Interest on previous company balance had paid for current year (FY 2014-15) before the transfer happened, now I am doubting that it will reduce small slice of interest when revised interest is being calculate in near future..
Hi G S M
You should take help of RTI now in this case ! .
Manish
I changed my job in Feb this year. I am not clear on transferring rule. I have the UAN number and provided to new employer. Now my question: Will my new employer open a new account under same UAN or will deposit money in same account. If they open new account, what happens to money in previous account. Do I need to take any action to keep earning interest?
Hi Mohit
Everything about UAN is already discussed here – https://www.jagoinvestor.com/2015/02/uan-epf-guide.html
Hi,
I just quit my job. When i withdraw pf, i know i will get employee share and employer share. Just want to confirm if we also get the amount deducted under pension contribution ?
Hi,
I want to purchase flat. I have completed total of 6.5 years of services with two organisation. 4 years in one organisation and 2.5 years in current organisation. Am i eligible for withdrawal of provident fund amount now ? Please help me.
Hi Faiyaz
Yes, for buying house , as per rules you can withdraw it
Really a very useful article. A small question though. You mentioned that not all part of the Pension fund is given back at the time of withdrawal and it becomes on the Table D. But what about the money that is not paid back. if we take your example, 1 lakh was a part of pension fund and only 41600 is refunded, what about 31,600. Is it continued as balance in our Pension fund or we donate it to EPF office?
Hi Amol Potdar
That’s the point , it does not come to you ..
Hi Manish, Very useful article, keep going
My doubts are:
1) where will we get our pension money? I mean cheque/cash/transfer to account
2) Pension money is recieved only after 58 years of age or if we complete 10 years of service and age is less than 58 years?
Thanks
Chakravarti
You must complete 58 yrs in age and 10 yrs in service , both are required.
I am not sure how you will get the pension !
Hi Manish,
Thanks for detail information. I have a query that i have taken PF money after working with 9 years 9 month in my previous organisation. Is it compulsary that eligibility for Pension scheme is to be completed 10 years i.e. i was short of 3 months. To know the clarity what is your recommendation?? shall i use RTI act??
Hi Parushram
You should take help of RTI now in this case ! .
Manish
I dont want that a share goes to pension fund. how to avoid that. is it benificarry.
Its compulsory
Hello,
My question is regarding EPS part of PF. I have cmpleted 8 years of service and working in my fourth company. However, I didn’t transferred my PF to the new ones after my exits from the previous companies. I did it just now and all my PF from previous companies got transferred directly to the current one. So while calculationg EPS, how my service years will be calculated . Will it be 8 years or just one year on my current job as there is gap of PF deposit in previous accounts
Regards,
Ashish
If you transfer the EPF now to the new one. Then old years will be taken in to account
Hello Manish,
i have couple questions on EPF,
From last 2/3 months the my Pension EMI gets deducted as 1200 rupees instead of 541/- Is govt has increase this pension EMI?
Second question is
If i will complete the 10 years of service in the current organization and after that I again complete the 10 years of service so total 20 years, so the pension EMI will be continue for this 20 years or it will close after 10 years?
Third question
Lets say i have completed 6 years of service in the current organizatin, and they send me onsite for 3 years, during this period company will not pay the epf for me
( In short no service for me from epf point of view), when I will be back in India and again complete 4 years of service so total 10 years, so still the pension is applicable to me right
I mean if there is a gap in the service then resume the service and complete the 10 years, can the pension is applicable ?
Fourth question,
During this gap time of 3 years, can i get the intrest for the 6 years amout that is already deposited. or i can not get the intrest?
1. Yes, its increased
2. I am not sure of question
3. Right
4. You will get interest
I have started PF in first compony in 2006. I have transfered my PF in current company. I have joined in current company at 2010. After complietion of 10 yrs i may not be able to get money of EPS. I wan to know for 10 yr complition considering yr 2006 or yr 2010
It will be 2006
hi there is another doubt sir i had worked from 1998 to 2005 and stopped working can i get EPF amount with intrest tilldate sir
Hi purnachandrarao . M
Yes you can get it , apply for withdrawal !
hi worked for 8 years and stopped working doing bussinies iwant toclaim EPF can i get ammont with instrest tilldate
Hi purnachandrarao . M
Yes, you need to fill the EPF withdrawal form and send it to EPFO !
Hi Manish,
Good information, i am having bellow doubt
1. if worked for 11 years and and want to with draw EPS is it possible
2. if 1 is not possible after 58 age how much i will get complete EPS amount + pension monthly 3250 till death is my assumption is correct.
3. if 1 is possible after 11 years i will get certificate EPS bond then i change the job and worked for 5 yrs i with draw for last 5 yers jab EPS
still i get the pension plan after 58 age.
1. NO
2. That can be confirmed by EPFO only
dear sir,
i have working in a ltd co. he insisting to join a EPF account.
sir i want to know .what benefit and how much interest i will get and how much contribution for my salary per month………..suppose my salary is 8000/-
thanks
Hi emran
Its 12% per month of your basic salary
Manish
Dear Manish,
I have changed two organisation (Cipla and Ranbaxy) in my 10 year job and in both previous organisation PF is maintained by trust. After changing the organisation I have applied for transfer of PF and it has been transferred . But I am not sure whether pension amount has been transferred or not. So please let me know how I can know whether my pension amount has been continued or not.
Hi basant kumar
You should take help of RTI now in this case ! .
Manish
Great article Manish!
2 Queries:
1. My company had shifted my Delhi PF Account to Gurgaon PF Account on account of internal transfer. The EE and ER share from the previous account has been transferred to the new account. But the EPS share was not transferred. Any idea what happens to that amount?
2. Now I have quit and joined a new firm that does not have the EPF facility. I was employed for 5.5 years in my last company. Should I withdraw the PF? What will happen to my EPS share?
At this stage, you can withdraw both EPF and EPS by filling up the respective forms and sending it to EPFO department of your jurisdiction.
They will then send it to your employer for their signatures. This whole thing can be a bit tedious and frustrating, but you don’t have much choice at the moment. I suggest strongly using the RTI tool at every point and take this whole thing as “Take back by EPF at any cost” PROJECT for 6 months !
Manish
My share in PF is 860rs as per my basic salary and Employer share for pension was 541 Rs rearlier. But the same has revised to 597 Oct’14. Can you pls help on this and
Also will i get the comeplete ammount after resigning
Means My Share to PF+Emloyer share to PF+ Employer share to pension.
Yes you will get all the money !
hello, my father retired at age 58 and died at age 60, he used to get RS.1759 of pension.
and when i checked with his pension papers at EPFO they said his wife will RS.1000 of pension. and i asked will i get the pf amount in lump sum, he said no. Is it true.
what should i do??
Yes, its true .. The EPFO pension is for life per month . No lumpsum paid
so what happens to all the PF that has been taken from his salary. he is a employee of private firm. apollo tyres.
so, what happens to all the money he paid to PF from salary
Sir appriciate ur effort and i have one query that is it beneficial to be transfer ur money in pension scheme because u wl get the pension aftet 58 yr of age and after me my dependents who will attain age of 18 plus so only my wife will use my pension after my death,pls advise
Pension is a good idea , but please evaluate it fully and if its helping your financial life or not !
Dear Manish,
Sincerely appreciate your work. Keep it up !!!
Query:
– I am working for a Pvt. Ltd company, a wholly owned subsidy of US multinational, now a total of 7.5 Years
– Our entity got merged with other entity of same US parent company in Oct 2013
– In Oct 2013, the employer share and employee share (EPF) was transferred, but the Pension Fund (EPS) was NOT.
Was Pension Fund was also not supposed to be transferred? Should i really care about it?
Does it matter really as the Table – D is considered if i leave before 9 Years?
And, beyond 9 years (retiring at 58) there is a different formula which again does not care about how much is contirbuted in EPS (Pension Fund)
Regards, Abhishek
It has to be transferred . Talk to your employer why its not done ? There is another form for it .Check if that was filled or not . If you dont withdraw it till 10 yrs, then after that you dont have option to withdraw , but to get pension only !
1. I have completed 11 yrs of my service in Pvt. Ltd. Company now i want to resign and will not do job anywhere so my Question is Can i get entire amount of EPF & EPS ?
2. if EPS amount is transfer in Pension when will i Get this after 58 yes or Immediate after my resignation ? & how will i get this amount ?
1. Not exactly. You will get EPF part, but EPS part now you will get only as pension because you can withdraw it only when your service is less than 10 yrs. This is what I know, What you can do is check with EPFO department on this once !
2. I believe you will get it if you are never going to work again. Check with EPFO
I have worked for this company for 12 years now, and have left my job in USA and working for US enterprise now.
1) Can I withdraw my entire EPF in India?
2) Will I be eligible to get EPS at 58yrs even when I withdraw my funds now?
You can surely do that. You will be eligible for EPS, But I am not sure why you want to opt for it . Its not that beneficial !
Hi Manish,
One again i found this post very information.
I have small situation and not able to decide on that :
I worked 2 year for my old employer which was exempted establishment and maintains PF and EPS account separately . Now after joining new company i filled the PF transfer form and forgot to mention the Pension account number, as a result only PF was transferred.
I sent the form for only pension transfer again but 2 years passed and nothing happened.
So what do you suggest should i withdraw my pension amount or should i try for pension transfer again ? Any benefits on transfer ?
If you transfer its with the latest EPF account and thats the advantage .. Fill up the form once again and also use RTI now
let me be clarified with regarding the withdrawal benifit. I compleated 8years aactual service and left the company in the year of 2003 my last contribution for the pensionfund(8.33%) iscalculated and remitted on rs 8800/- as per table “d” I will get withdrawal benifit is rs 8800/x8.22 am I correct or not
2 As per the provisions of eps rules in case of withdrawal benifit need not be calculated on preceeding 12 months average and itshould be only on the last drawn wages only am I correct or not
Ideally yes , the article is right in giving information .. If in doubt, you can contact your company or EPFO directly .
My father has expired recently; how much of epf amount can be retrieved.He was in service for 30 yrs.Can we get 100% of(Employee share + Employer share).
Yes, you can get all the money !
I’m working in a private organisation. EPF and EPS both are there. I’m working in this company for little more than 4 years. Is there any way to opt out of EPS scheme, so that all company contribution towards PF will go towards EPF only and nothing towards EPS? Also is it possible to withdraw EPS amount while I’m working in this same organisation.
No its not possible !
HELLO
I HAVE ONE QUERY REGARDING..PF TRANSFER..
I APPLIED PF TRANSFER ONLINE..
AND AFTER SOME TIME..
TRANSFERRED HAPPENED …
IN PASSBOOK I CAN SEE..THE EPF ( EMPLOYEE AND EMPLOYER CONTRIBUTION IN PREVIOUS COMPANIES ) ADDED TO MY CURRENT EMPLOYER..
HOWEVER THE EPS AMOUNT is mentioned zero (0) ..NOTHING WRITTEN THERE..
IS THE EPS AMOUNT NOT TRANSFERRED..OR WHAT..
do i need to something MORE..
Yes it might happen that EPS is not yet transferred , you should now file a RTI and ask your question !
Same happened with me and few of my other friends, who transferred PF online. I checked the amounts and find out that EPS was not transferred. Already send a request to employer, waiting for a reply. Did any body found the solution for same??
Hi
my name is kripal i am from hyderabad . my father is no more i check today while i was found some paper regarding pf account i found some information there is a some around 80000 in my father account but company which he was working has changehow can i withdraw pf i have no document .i dont know where he kept the paper about company details how can i withdraw pf in this regards please help my contact number 9299902969 i am an handicap person that is my uncle number please help us for god sake. there is no food at home .
HAVE YOU CONTACTED THE COMPANY
Thanks for ur reply sir . i am happy that u have reply to my mail.
yes i have contacted the company but employer change the company name and now they are saying the person to see accouts are out of station . 4 to 5 times i went to office it s very far . than i left going there security is now allowing some times to meet the accounts dept who should i do. without company sign we cannot take or what. death certificate is there of my father .l
Regards
Kripal Singh Sardar
Thes ethings you can try..
1)try to manually check in the internet about the PF number of the company..
and find out the pf number of your father..
Your objective is first to know the PF number of the account of your father..
2) contact him by phone na..the accounts person..
You have to follow up with EPFO on this , not the company you worked for . If you have you EPF number, directly file RTI with EPFO department !
First contact the company..where your father worked..
try to get to know the PF number of your father…
normally the PF number is like
WBCAL….098700123
WHERE
1. WB=>WEST BENGAL
2.CAL=>CALCUTTA
3. 0987=>PF NUMBER OF THE COMPANY
123=>PF NUMBER OF EMPLOYEE ..YOUR FATHER…
..
Then
check the balance amount in the pf….
now you have to check the rules about how to get this pf amount to the nominee
this is really very helpfull for people like me who are not aware with such rules.
Thanks,
Thanks Govind
Sir
thanks.
When I started investin vpf
Hi Manish,
Thanks a lot for this information, indeed very very useful!
I have below 2query which would like to get resolved from you,
1. I switched my job in 2013, at that time I opted to transfer my PF account to new employer, after around 6 months the employee and employers contribution amt were transferred correctly to my account however the amt that was diverted to pension fund was not transferred and I could not see that amt even now in my account, can you please confirm what could be the reason ?
2. I am planning to switch the job again, so in all I am holding the PF account from last 4.5 yrs and now wanted to withdraw the amount, will there be any TDS deductions if I opt for withdrawal of the PF amt?
Thanks & Regards,
Somnath.
1. not sure if you even filled the form for that EPS transfer ? Better check with RTI !
2. If you withdraw , then you need to pay TAX , but TDS will not be deducted from the employer end ! .
Dear Sir,
I was worked with one limited company for 3 year 1997 to 2000 but the company closed in the year 2001 and company was depositing my PF in delhi PF office at wazirpur till date i have not received my PF money & now i am working with one pharma company.
Kindly give me suggetion.
SANDEEP
You need to now transfer your EPF by filling up the form available at EPFO website .. kindly look at it
Manish
Dear Sir,
i working with one company which has deduct EPF before two month bt now they are rustigeting to me with in a 60 Days (two Month ) so that should i withrow my EPF Amount?
Your positive responce will be help to me.
Regards,
Nidhi Shah
You can withdraw your EPF amount later also if you want, provided they have deposited it with EPFO .. You need to fill withdrawal form for that !
Hi Manish Sir,
I shared this link with many of my friends, very nice article and people should know these facts about their EPF account.
A question for you. I recently discovered that on EPF portal, the passbook of my EPF account shows EPS contribution as Rs.1,250, and employer contribution in deposit less than that.
In your asticle it is mentioned that EPS can be 8.33% of basic salary or Rs.541 whichever is less, then how come EPS in my account showing Rs.1,250.
This is for last two months deduction, before that it was Rs.541 only.
Please suggest,
Vishwanath
Hi Vishwanath
I am not sure on that. I think this query should be addressed to your employer
Friend,
This is since Oct 2014 the contribution limit is raised from 6500 to 15000 per annum.
Divide by 12 and you will get your Max. contribution per month.
Abhishek
Thanks for sharing that Abhishek !
following is revise wage ceiling
http://www.epfindia.gov.in/sites/pdf/WageCeiling.pdf
Hi SHAHEBAZ
Thanks for sharing that !
Nice … ……knowledge it’s very usefully for every one…great
Welcome
Sir
I am working in a private company last 11 years
I want invest some extra in epf please tell me how this possible
You can do that, its called VPF .. talk to your company and they will help you on this
I just have a small question. I am state government employee and my company has started deducting EPF from the past 2 years. I will be retiring in 2016 . Will I get pension as it is just 3 years since they have started deducting epf due to some issue?
Can I also withdraw by EPF from the account if I am retired as its only 3 yrs contribution.
You will get pension only when your are above 58 yrs and if your service tenure has been minimum 10 yrs . Else you can just withdraw it later when you want !
hi,
my working days is 150 and my pf amount is 7800 so how much amount should I will get back from pf office.
You cant calculate it like this . Check with EPFO on what is your balance !
Excellent article is this. I was seeking about these answers since a long time, but I was not getting the correct and to the point answer. A very useful and helpful information for every one working in the service sector.
I again appreciate your work and thanks for the same…!!
Thanks Mohit !
Dear sir,
I have a query. I resigned & left my job on Apr 25 2014. My company paid pf amt up to march 30 2014, after that they have not paid any amount. Can it possible to withdraw my money till march amt. ?
Yes you can withdraw it , contact EPFO on this
Dear Sir,
I am from Andhra Pradesh state. I have been working in an organisation since 1997. My company was merged into another company of our same group in 2006. Both the companies fall under the same PF region / PF office. After transferring the balances from old account to new account, there was less amount in the opening balances of new account both under employee and employer share totalling an amount of Rs. 6850/-. The same matter was brought to our HR department several times, but there is no progress. My co workers have also the same issue. So please suggest us, what to do?
I think only a strong RTI query can solve this ..
Hi Manish,
I have one query can you please tell me the process. I have been working since 2007 in an organisation, PF started from 2008 and its going on. Completed almost 7 years and before this job I was also worked 6 years in other company, having PF after resigned I claimed EPF only and I have scheme certificate, in existing company created new PF account. I have 2 accounts now I want to club old EPS balance to new EPS account. Is it possible ? can I get pension ? as I completed almost 13 years.
You can get pension only after 58 yrs of your age are complete. To merge two PF , you need to transfer your old PF to new PF
Hi
I am having PF A/c. for past 12-13 years and I left the job in Mar., 2014. Currently I am not working in any Organisation. Now I want to withdraw the amount from PF.
so can I take now the amounts from both EPF and EPS, I think my earlier company is not willing to sign on application form, there is also no appointment letter and relieving letters received from my earlier company as it is local company, what is the alternative steps to apply. Please let us know.
Read this – https://www.jagoinvestor.com/2012/11/withdraw-your-epf-without-employer-signature.html
HI,
Thanks for the above info.
I have noticed in the UAN account that, the EPS was going at RS 541 till last month. But it started to deduct 1250 from last two months. Please advise whether there is an increase in the limit of the EPS from the employers contribution.?
Thanks
Arjun
It might have happened due to increase in the minimum pension amount of Rs 1000
Hi Manish,
I have one question, from last three to four months back my company has started to deduct EPF from our account. my basic salary is 9000 Rs. please suggest me if i want to stop this then can i do it ?
Tushar
No you cant
hi manish,
i have worked with a company for 4 years and now left that company.
i am going to join a new company in 15 days.can i withdraw the pf amount from the previous company and opt for a new pf account in the new company?
That would not be possible .. You can just withdraw it or transfer it to new EPF
Hi Manish
If I transfer the EPF+EPS of previous organization to current organization, would it transfer the full amount (i.e. 12% of employee EPF+ 3.67% of employer EPF+ 8.33% of employer EPS) or still a part to EPS will be transferred.
Thanks
Everything will be transferred !
Hi Manish,
Thanks for this article. Really it helped a lot. I have never seen this kind of article over EPF and there were so many myths in my mind which has been cleared.
Thanks
Thanks for sharing that !
I have a provident fund account with EPFO. The scheme is EPF 1952.
About 9% of employees contribution is diverted to pension fund.
What is the eligibility criteria for getting the full benefits of pension fund. Is there option of lump sum withdrawal.
On enquiring with EPF office, they say minimum 10 yrs service should be there to be eligible. For those members who retire after, say 8 yrs, at the age of 58, will they not be eligible for any pension?
10 yrs service is compulsory ..
Sir,
Thanks a lot for the information about these important rules.
I’ve got the UAN for my current 7 years+ PF A/c.
I’m going to join a new employer after 2 months. The new employer will just start depositing to the UAN. Inter-division PF transfer will be done. My membership will continue.
I want to partially withdraw to purchase a new house after the job change.
Is it compulsory to complete min. 5 years with the new employer to get this done?
If yes, kindly suggest if that can be done within these 2 months.
I am not sure on this as of now .. will do a complete article on this topic !
IS THERE ANY WEBSITE WHERE
WITHDRAWAL OF
EPF AND/OR EPS IS DONE..
LIKE
TRANSFER OF EPF..
I WANTED TO WITHDRAW THE EPS..
can anybody say..what are the rules of EPS withdrawal…
i only want to withdraw the EPS..
I dont think you can just withdraw EPS part !
Dear Sir,
if new joiner enter in the company regarding what kind of pf form his / her fill.
You dont have to fill up anything other than what company gives you . This happens automatically if the company has the EPF facility !
Dear Sir,
I’m working A company here employees saying i don’t want EPF benefits.if it’s any possibility is there to get exemption of those employees.Kindly do the needful.
yes, you can get exempted . Read the article . Its mentioned there
Hi,
I have a Query related to Employee Provident Fund (EPF) and Employees Pension Scheme (EPS).
The 12% of monthly basic salary goes to EPF (employee contribution) and same as employer contribution.There are two parts of employer contribution .
First is 8.33 % of basic salary goes to Employees Pension Scheme (EPS). Earlier It was fix as 541.00 before September 2014. But now it 8.33% of basic salary (>15000).
I just want to opted out this pension fund scheme (EPS only ) and I want the total 12% of employer share will to Employee Provident Fund (EPF).
Is It possible? This scheme is very bad for Private sector employees.
NO..its fixed by the government
ONE SHOULD ALWAYS TRY TO WITHDRAW EPS BEFORE ITS COMPLETES 10 YEARS..
AS
1) no interest for EPS
2) as you said the contribution to eps has increased means less money in the end..
EPF WITHDRAWAL IS NOT POSSIBLE BUT EPS IS POSSIBLE
TRY IT ALWAYS
Hi Arpit
Sadly its not possible to make any changes in your EPF !
SIMPLE – IF YOU DON’T CARE ABOUT MONEY NO NEED TO WORRY..
LET YOU PF MONEY REMAIN IN ACCOUNTS NOT UNITED AND YOU CAN WITHDRAW WHEN YOU REACH AN OLD AGE..
UAN IS NOT CREATED BY COMPANY BUT IS CREATED BY GOVERNMENT…
COMPANY CREATES A NEW PF ACCOUNT.
UAN ASSIST’S IN UNITING ALL THESE PF ACCOUNTS..
YOU CAN KEEP SAYING YOU DON’T KNOW ANYTHING ABOUT YOUR UAN NUMBER…
IF YOU CHANGE COMPANY TO D..
TRANSFER YOUR B AND C TO D..OR ATLEAST C TO D..
AND WHEN YOU RETIRE ..YOU’LL HAVE TO DO 2 WORKS
withdraw money from you UAN ..and ..try to withdraw from C..
ALSO ANOTHER THING..COMPANY CAN CERTAINLY DO THAT BACKGROUND CHECK…
I THINK YOUR COMPANY DID’NT DO THAT BACKGROUND CHECK WELL
..OTHERWISE THEY CAN FIND ABOUT YOUR COMPANY B EASILY..WITHOUT EVEN LOOKING INTO THESE PF..THINGS…
They are asking about to fill up the pf forms ,if i mention i dont have Uan,they will try to create new uan for me and that time is there any conflict occur .please suggest me one person can contain multiple uans?
NORMALLY FILLING THE PF FORMS IS TOLD WHEN YOU RESIGN FROM THE COMPANY…
YOU COMPANY WILL REGISTER A UAN WITH THE CURRENT ACCOUNT IN YOUR CURRENT COMPANY…
WHO IS TELLING TO FILL UP THE PF FORMS..
PLEASE ELABORATE YOUR PROBLEM..WITH CLARITY..BEFORE SEEKING SOLUTIONS..
I THINK YOUR PF TRUSTS WILL BE MAINTAINED BY THE EMPLOYER THEMSHELVES…
THAT IS WHY THEY ARE ASKING YOU TO FILL PF FORMS..
NORMALLY I HAVE SEEN IN A NEW COMPANY AN AUTOMATIC PF NUMBER IS GENERATED BY THE COMPNAY WHICH WILL BE LINKED TO THE UAN..AND YOU DONT NEED TO FILL ANY FORMS..
ASK THEM WILL THEY CREATE A NEW UAN IF YOU DONT PROVIDE THEM..
USUALLY IN CASES WHERE THE EMPLOYER ITSELF MAINTAINS THE PF TRUSTS…ITS DEFINATELY LESS STRESS FROM YOUR POINT OF PROBLEM
Hi ,
I started my carrer with A company. and after that i joined B company they alloted a UAN Number,but unfortunately i quit the job and after some time i joined in c ,But while i am joining i did not give information about the b company name to Current Employer.
can i ask to my current employeer to create New UAN and pf account ,becuase if reveal my UAN to my current company ,they will ask me about B Company .if i say why i quit the job ,again i am in trouble .
What my question is i have UAN number and i dont want to reveal the UAN to current employeer(because i may loose job).is there any alternate solution for me.
if i say like this i dont have uan or pf account .what are the consquences i have to face in the future.is there any chance for my employeer to know about the prevois uan ,pf details Through UAN database I am not thinking about the pf money .i am thinking about the job
Then you better apply for withdrawal from the company B EPF . No other choice to you !
i worked 1 yr in previous company and resigned in 2011 now i have to dithdrow my pf in previous company, can i?
Yes, you can
Dear sir,
now provident fund will change the basic selling 6500 to 15000.my company has various allowance like(basic+da+hra+washing allowance+special allowance)
so based on this which is i’m not pay amount for provident fund.i consider with my friend send to we no need to pay HRA amount for pf.
example:basic+da+hra+wa+special allowance=25623
10249+2562+4100+1025+6150=2563
here i’m not pay for hra allowance.it’s provident fund rules
if like wise if any rules is there kindly give a solution sir
I didnt understand your query
Dear Sir,
i’m worked 7 month in xyz company.i applied in online transfer of epf account joining the new company.but still my previous company not approval and i made a call many times he is not approval sir.. it’s any solution’s is there ah sir.kindly help me
because my previous company has to my Provident fund
Now you should file a RTI asking your queries to them . It will work
Dear Sir,
Recently our provident fund is change the pf selling 6500 to 15000.before we paid only 6500.but now pf selling is to pay up to 15000.so any exemption is there like we know need pay for hra amount for pf selling.
Dear Sir,
Thank you..!!!
in the case of a employees death after joining of seven month at company.
is her wife can claim for pension scheme..
can she is able to apply for that or not…?
If she is on nominee name , then she can apply , if not . then still she can if she is a legal heir (which she is)
Dear Manish, I was discussing with my last employer (Indian Private Sec Bank which I left in Sep 2005) to transfer the PF to my present employee now. I have received the PF statement from them recently where they have not given the Interest post Nov 2005. I have enquired about the same to which they claim that as per the bank’s policy they will only give Interest till 2 months post relieving and not beyond that.
I understand that after 3 years the account will become dormant and I will not receive Interest which in my case should be Sep 2008. Can you pl guide me in this situation on:
1. Can a bank / company have independent rules for interest payment like in my case.
2. If they have to pay interest for at least 3 years what will be the process and under which rules / sections should I pursue them for the credit of Interest on the amount accumulated.
Many Thanks,
Mudit
Mudit
Your employer job is only limited to deposit your PF money with EPFO , after that its not their responsibility . The interest is added and paid by EPFO . So for all the things you need to check it with EPFO .. File a RTI and check !
Hi Manish,
Very useful article.
After reading your full post with individuals queries and there responses. I checked my EPF statement through UAN website and came across that the EPS amount not gets transferred to new PF Account.
Here are my details.
I worked with company X for 20 months (Nov 2005 to June 2007) and left that and joined another company Y in July 2007.
I initiated the PF transfer with new employer and after taking 3 years, in May 2010, I received letter from EPFO Thane that Amount Z is transferred to my new EPF Account.
But when I am referring the EPF Account passbook, I am seeing that Z amount is only of Employee + Employer contribution with Interest.
Amount of EPS is missing which would be 541 * 20 = Rs 10820.
Please help me on this. how can my EPS amount will also be transferred and credited to my my PF Account.
Thanks in advance,
Sharad
Hi Manish, can you please share your thoughts on my queries.
thanks,
sharad
Sharad
you can get the right update on this from EPFO only . I suggest use RTI and ask your questions with them ..
Hi Manish,
Your article is fantastic. Clear cut information everywhere.
I have one query. I worked for 4 years 6 months in my first job.Recently I changed jobs and got my EPF transferred via Form-13.
Now I want to withdraw my EPS using form-10C. (Yet to submit form)
In my new company, my EPS deductions are still happening. Is there anyway to opt out of EPS scheme ? (Since I am withdrawing my old EPS money). Already 4 credits have happened unto my EPS of 541/-.
Thanks in advance.
To add further to my comments, what I meant is : If a person withdraws his EPS via form-10C after quitting a job, then will he be eligible for the EPS scheme anytime in the future ? (Say,in the new company)
Do we need to intimate new company via Form-11 ?
I read somewhere that if basic is more than 6500/- per month than one can opt out of the EPS scheme and request complete 12% of employer contribution towards EPF itself. Is this true ? If so, have any rules changed in the recent 29th August 2014 circular ?
You will still be in EPS scheme in new job ..
I have another question-
When i changed the job, the new company was not having PF account, instead they are depositing it under PF board. later they opted the govt EPF account and transferred the whole EPF + EPS amount to govt EPF account.
In this case, how the Table D (to avail pension) will work.
Does the 10 Year needs to be completed with govt EPF account only.
Please help me in understanding these aspects.
Thanks,
Sharad
There is no Govt EPF and normal EPF .. I am not sure if its NPS ?
Can you please share the impacted details after the change in EPS scheme based on the revised minimum basic from 6500 to 15000 pm.
Thanks,
Sharad
I would like to know the procedure for withdrawal partially for marriage purpose.
Hi Wilson , a form has to be downloaded from EPFO
Dear Manish,
Thanks for the informative 10 points. I still have a doubt wrt EPS (Employee Pension Scheme), in case an employee has worked for 4 and 6 yrs in 2 seperate organisations without canging his PF account, can he avail the benefit of getting Rs.3,500/- per month after his retirement ?
ONly if you have enough money in your EPS , then you can get around 3,500 , but if its less, then you will get proportionate amount ..
Dear Manish Chauhan
First of all thanks for helping the people and for improving the knowledge about the PF system.
Sir I had a query:
1:I want to withdraw amount from my EPF. EE part is 185000, So how much I can withdraw. Years of service is 6 years.
2. I want to withdraw for buying a flat so what documents will they ask.
3. Time taken to withdraw the EPF and the process of withdraw
They will ask for proofs that you are buying the house , like the payment proof for booking etc . Also they will issue the cheque in name of builder only
How much you can withdraw should be enquired from the EPFO department itself using RTI !
Hi Manish,
I changed my employer 6 months back and now i am planning to initiate PF transfer to new employer. I have a couple of questions.
1. When does the EPFO deposits interest for the year 2013-2014 (up to March 2014) to the existing PF accounts?
2. If I initiate the PF transfer now, will I lose the interest for 2013-2014 year or it gets deposited to new PF account automatically?
3. Given that UAN allotment is in progress is it a good time to initiate the transfer or should we wait until it is allotted?
4. I already received UAN for my old PF account and I think i will get another one from my new employer. I hope i should use the UAN number allocated with new PF number since I plan to transfer old PF to new account. Please confirm.
Thanks
Shiva Kumar
I still have to study UAN .. I will do a complete post on that soon
Hi Manish,
Thanks for the article. I have an EPF account, but I will shortly be joining the govt service. What is the best option – to close the EPF account or let the balance remain idle? If latter, what happens when no contributions received?
Thanks!
Better not do it , For 3 yrs it will earn the interest but after that it will not !
So you would suggest that the best option is to close it?
Hi Manish,
I left my Job after completing 25 months of service and it was my first job and Applied for PF transfer and when i calculate my PF amount till the time of leaving the job it comes to 24248 along with EPF and EPS, however when the amount is transferred and when i check the same it is just reflecting as 20217. So where is the remaining amount i am unable to calculate the same.
Kindly help to understand the calculation because i haven’t withdrawn my money i transferred it’.
It might happen that your company has not paid the full money to EPFO .. check with EPFO using RTI !
Sincerely appreciate you for the article.
Thanks !
Manish,
I need a clarification on Point 4. Although the EPS part does not earn any interest, at the time of withdrawal you will not lose any of your capital. For an employee who has worked for 6 years in an organisation his contribution to EPS will be 6500*6, but during withdrawal he gets 6500*6.4 ( from Table D ). Can you please clarify this for me.
thanks
Vinod
I think its minimum of both amount ..
Sir,
Am recently recruited in Govt Sector..My Basic+DA is 28000/–if i not opt for EPF then i get total salary including Employee&Employer Contribution or not??kindly confirm it plzzzzz
NO , in that case you will not get employer contribution
Dear Manish,
Thanks for the great article. Highly appreciate sharing the knowledge with all.
I have 12 years in EPF and currently my company has own PF trust. Now I have an offer to join a company where number of employees are only 9 and hence they do not have PF. Could you please tell what are the options I have ?
1) Can I transfer EPF to PPF ? If I can transfer to PPF, can I take loan from that ? Is there any limit for transferring from EPF to PPF ?
2) Can the present company retain the PF for some more time ? If so, how long ?
3) What are the tax implications in different cases like withdrawal, EPF to PPF conversion ?
4) Can my current company give “scheme certificate” ?
1. NO , there is no relation between EPF and PPF
2. No idea on that.
3. If you withdraw it , there will be no tax as you have completed 12 yrs
4. That only your company can decide
Hi Manish,
I have just completed my 10 years service with current organisation last month and this month I will resigning. Is there any provision for the PF withdrawl?
Definitely. When you will leave the company . On the last day , the company will ask you for that. So at that time you fill up all the forms and apply!
Hi Manish,
i completed 10 yrs in a org & i was hoping i will get my complete PF :-)….. but i got to know that i will get no PF as its auto pension scheme :-(((((( (huge disappointment)…
will i get any money now ?
What is auto pension scheme ?
Hi Manish,
I withdrew my EPF amount this year in January and received 70,000 after tax deduction of 8,000, as I worked for 3 years from 2004 to 2007. I want to know if I can claim TDS since I am no longer working. If yes, can you please explain as to how can I claim it? I have form 16. Please recommend a good site for IT claims. Thanks!
No you cant claim it. Its the tax you needed to pay and it has gone . On the other note, I suggest check if you have paid full income tax or something is remaining ?
MAnish
hi Manish,
i worked with a private company for 13 months post that i abscond from the company. hence i dont have releaving letter with me and my clearance was not done from company,however,is it possible for me to withdraw my PF now. If yes can you please guide me how i can proceed.
i am already working with a company from 1.6 years now where i have not initiated my PF.
Please advise in need of money.
THis article will help you Sharad https://www.jagoinvestor.com/2012/11/withdraw-your-epf-without-employer-signature.html
Hi Manish,
My husband has a purchase agreement with a power for consideration agent towards purchase of a residential land. We have decided to withdraw from the EPF for financing the purchase. But we have a lot of clarifications regarding the filling up of the new declaration.
1. Name and address of the owner of plot from whom agreement executed – We do not know whether we have to provide the address of the owner, or the details of the person holding the power for consideration as the document entitles him to sell the property to us. It is a registered valid document. Please help
2. Can we withdraw from the PF for purchase of a dwelling site or is it mandatory to construct a house immediately? If so what is the time limit for constructing a house on that site? Kindly advise.
3. Please note that this is just a residential property in a small town and in no way like the plots sold in cities. The area is 25 cents (approx. 4.5 grounds)
Deepa Dixon
1. It has to be address of owner
2. I think the money will come to your account, you will have to give the proof of buying
In 2008, I resigned from a central PSU after serving for 6 1/2 years, to joining another PSU. My application for recruitment with my present employer was ‘through proper channel’ from my previous employer. Now, I want to withdraw the PF accumulations with my previous employer instead of transferring the same to my present employer. Both the PSUs have their own trusts managing the respective ‘Contributory Provident Fund’. Is it allowed ? If so, how ? If not, pls let me know the rationale ? Regards…
PF cant be withdrawn if you are employed !
Under what circumstances can a company avoid paying / deducting the EPF contribution.?
I & my mother have 50% share in our ancestral house.It has a home loan in our name.Now if I want to repay the loan by withdrawing money from EPF,is that possible ??
Yes, you can do that !
Recently I submitted form 31, for purchase of site. I realized that my ask from PF is less than what im entitled to, is there a option to resubmit a review form to modify amount advance that im eligible/entitled.
Dear Sir
am work in a company , but am not agree for epf and esic deduction, is it possible to produce an affidavit which is been useful to clear it my liability as well as company too.
I am not clear what is your question here
Hi Manish,
I am about to change companies. My query is that can I transfer the EPF part and withdraw the EPS past(service duration = 6yrs) simultaneously, or is it that I either have to transfer both or withdraw both.
From the article & the Q&A below I gather that I can but just want to confirm.
Q1. So basically can I fill Form 13(Transfer EPF) and Form 10 C(EPS withdrawal) at the same time ?
Q2. Secondly since I will be transferring my EPF, hope this withdrawal of EPS will not affect the taxability of EPF, it still remains tax free.
Request you to kindly guide.
I have never seen someone do that, but just because both have 2 different forms, you can do that it seems
Hi Manish,
Your article is very informative.
I want to know what happens to EPS when we transfer our EPF from one company to another.
Does EPS also gets transferred ?
EPS has a seperate form, which also needs to be filled
Sir I am on 08/12/1999 joined as a co-operative bank worked upto 28/10/2008. That is an average of 9 years work done. But now I am Preseitnly working in Souharda Credit Society, from 29/10/2008 till today. I am now 42 years old there have been a transfer the EPF account . when I Resign the Job I will get the Pension amount or not Please inform me sir.
Yes you will get pension , but not at the time of resigning , but at the time of retirement only
Hi Manish,
I really appreciate your article. This has been an eye opener. I have a doubt i would like to know can an employee pay on behalf of the employer.
What if an employer makes us pay on his behalf. Is there any rule. Can there be something done.
If employer is deducting it from your salary, then it was mentioned as CTC part only . There is nothing illegal about it, just that you were not have that much idea to check it at the time of joining !
Hi,
Excellent info. Thank you very much for sharing this.
Regards,
Anil
Welcome
Hi maneesh,
Me and some of my friends are facing an issue.we have a PF number from our first employer 7 years back.we closed that pf account when we shifted the job.But the first company is closed now.There is no possibility to get the previous details as company is closed and i have FORGOTTEN the previous PF account Number.
Now the issue is like new employers are asking for the OLD PF NUMBER FOR BACKGROUND VERIFICATION.
Visited the PF Regional office but they are not providing the details
Is there any way to get my closed PF account number by providing the Company name and my details via RTI.
What are the documents i need to submit.
Please help as it is very urgent
File a RTI now with EPFO and give the rough details you have about the old company
Manish
Mr. Manish
I was appointed by an Partnership firm in 1988 as a Accounts &
finance Manager and retired by 31.3.2013, As per agreed terms of
appointment , the EPF was deducting by the employer at the
prescribed rates on entire salary amount irrespective of limitation of
Rs 2500 / 6500. The company was regularly remitting the same to to EPF along with equal contributions by the employer.
On 1.4.2011 there was change in the Management and following the
same procedure as above by remitting contributions.
The New management did not remitted the contributions since
they assumed office , which paid recently I,e. December 2013 against
the summons issued by the Asst Comissioner/ Enforcement Officer.
Now when I submitted the prescribed forms of 10D, form 19 duly filled
and signed by me , to the Management , not attesting the same and
willing to recover the excess contribution made on entire
salary amount over and above Rs 6500 prescribed, is injustice
on their par and contrary against the understanding arrived at
inception.
Since 1 year I am suffering due to this , leading to fail in submit my
application to EPF either for getting the Refund amount and
Fail in submission of pension application to EPF because of their
changed attitude.
Pl suggest and guide me whether
< what is the procedure for claiming my refund and Pension amount ,
if the Employer denies to attest my applications
< Whether EPF / Court can issue any instruction against me t to reimburse the same or charge against the funds in my credit
with EPF.
< What are the Legal implications in it.
Kindly clarify the same.
Thanking You
P.Ravikumar
Hi Manish,
thanks for very valuable information.
I was served for 11 months in an organisation, They was forced me to resign the job due to recession. So i left the organisation 1 year back. now i want to withdraw my PF can i get EPS amount along with EPF amount??
please confirm.
When you fill up the withdrawal form, you will have another form for EPF . fill that also
Mr. Manish
I was appointed by an Partnership firm in 1988 as a Accounts &
finance Manager and retired by 31.3.2013, As per agreed terms of
appointment , the EPF was deducting by the employer at the
prescribed rates on entire salary amount irrespective of limitation of
Rs 2500 / 6500. The company was regularly remitting the same to to EPF along with equal contributions by the employer.
On 1.4.2011 there was change in the Management and following the
same procedure as above by remitting contributions.
The New management did not remitted the contributions since
they assumed office , which paid recently I,e. December 2013 against
the summons issued by the Asst Comissioner/ Enforcement Officer.
Now when I submitted the prescribed forms of 10D, form 19 duly filled
and signed by me , to the Management , not attesting the same and
willing to recover the excess contribution made on entire
salary amount over and above Rs 6500 prescribed, is injustice
on their par and contrary against the understanding arrived at
inception.
Since 1 year I am suffering due to this , leading to fail in submit my
application to EPF either for getting the Refund amount and
Fail in submission of pension application to EPF because of their
changed attitude.
Pl suggest and guide me whether
< what is the procedure for claiming my refund and Pension amount ,
if the Employer denies to attest my applications
< Whether EPF / Court can issue any instruction against me t to reimburse the same or charge against the funds in my credit
with EPF.
< What are the Legal implications in it.
Kindly clarify the same.
Thanking You
P.Ravikumar
For the amount they didnt remit, its between you and company , It amounts to fraud and you should file a case on them for this .
can we avail loan for Purchase of Plot/Flat once and repair of house once and closing of housing loan once. Here you have not mentioned anything about education loans. Kindly confirm how many times an employee can avail loans in various category.
For purchase of plot and flat, only once in lifetime
Hi Manish,
I have got my pf transferred to my new company and can see the PF balance (Employee + Employer) cotribution transferred. Service period @ old company 3 years.
But if I check member passbook of my new Employer I cannot find Pension fund amount transferred.
Can you please explain doesnt the Pension fund balace get transferred. If not where can I get the total amount accumulted in pension account.
Rgds
Komal
Hi Komal,
Same thing happened with me and i think that the EPS Amount does not get transferred . I “guess” that you can still withdraw your EPS amount by Filling Form 10C with your previous employer . Talk to the HR There , She Might assist .
Point 4 here http://www.epfindia.com/Forms/Forms_Instructions/Instructions_Form13.PDF
“No fund under the Pension contribution is transferred until the establishment(s) is exempted under the Pension Scheme “
Thanks for addressing same. So in case I do not withdraw this amount it will be accumulated and considered in my final pension calculation. Am i correct?
You will not see it, because its not upto date !
Dear Sir
I would like to know if the organisation is allowed to deduct my constribution (employee contribution) as instructed by the employee. My contribution will be more.
Regards
Ujwala
I am not sure what exactly is your question ?
Dear Sir
I am holding an EPF Certificate with me. I am 43 yrs OLD.Current organisation has given me new PF account number. How do i Tag on this new number to the certificate
Regards
Ujwala
I think you want to transfer the old account money to new one .. IN that case you will have to apply for EPF transfer !
Dear Mr. Manish
You have mentioned 10 hidden EPF rules above. In this you have mentioned in rule 7 that One can opt out of EPF if he wants, the only condition is that he should not be registered previously.
My query
1. In this case what about the employer contribution ?
2. Suppose if some employee is already registered in EPF, and he changes the job. Now his new salary is more than 6500. Can he decide not to contribute to EPF. Is that possible ?
Hi Manish,
Much beneficial article ..
I have left my presnt job in India & moving abroad.My questions are :
1>will the interest payment will continue in my present EPF account,even if no contribution is there?
2> Will i need Employer’s suport(eg;Seal & Sign etc) on the withdrwal form after 4- 5 years? –as the good contacts might not be there after so many years.
3> In case i join back any indian firm after 2/4 years, will i be eleigible for pension payment sheme after 58years age ? i mean 6 years in present organization, 4 years abroad & 4 years again in India -will this schedule qualify to meet the rule of 10 years of EPS ?
4> Can i transfer the EPF account after 4 years ?
Looking forward to your answers .
Regards,
Priyankar.
1. Only for first 3 yrs , after that it will become inactive
2. Yes, but in worst case you can withdraw without their support , because now you are unemployed , you can show that you left India long and are now unemployed.
3. No
4. Yes
Manish
Good article! Thanks for the information.
x Dear Manish
I have quit my job during Jan 2014 , my age is 51 , iam with out a Job as of now , How do it withdraw all my PF Money please do mention the steps thanks and which is the safest way of investment with ZERO RISK FREE thanks
Raman
Hi Raman
I would need to do a full article for explaining that .. better search for how to withdraw your EPF , and you will land on good articles regarding that !
Manish
Dear Manish,
Truly informative. Eye opener. It also brings out what goes on in the EPF organisation at the cost of subscriber.
Thanks.
Welcome
what if my second company do not have PF procedure ??
In that case you can just withdraw your old EPF
Manish ji,
i am working in pvt co. i had completed 7 years, in between i had purchased a plot in may name, for this i had taken a loan of 5lks, so i want to repay the some principal amount of loan, can i withdraw from my epf account,
waiting for valuable suggestion.
I guess yes, see this article https://www.jagoinvestor.com/2014/02/withdraw-from-epf-account-for-buying-house-marriage-education-and-medical-treatment.html
Very nice article.
Now I want to know that what is the maximum amount I will get against a House loan or repairing of my existing house.In my Company 6500/- is the BASIC limit for PF and my basic is much higher than it.
Also pls provide the exact formula to calculate the interest .I have calculated cumulative interest at the present PF intt rate but the amount is not matched with the amount shown in my PF STATEMENT.
Hi Sukla
Are you not able to calculate it using the numbers I gave in Article ? your PF department (finance dept) will be able to help you on this
Great article it is…….thanks a lot but i realised that i have made a mistake in terms of nont opting out of EPF on my first job………. what if i say to my next employer that i have opted out of pf from my first job n i dont want to be part of it… how pf department will come to know whether i am in job or not…..
Raj
Do you have EPF or not ?
Thank you for such a informative article!!
I have a Q for which I need your help.
My actual name is “Narinder Kumar” whereas by mistake my employer has opened by account with PF department as “Narinder Sharma”!! Now I have a concern that it might be create a problem for me at the time of withdrawal of my PF savings, as I don’t have any Bank account in the name of “NARINDER SHARMA” . Therefore I want to correct it in PF department. I’m following up with my employer from last four year for this correction but it is not yet corrected.
Please suggest that whether it will create any problem for me at the time of PF withdrawal? Or how can I correct my name in PF department?
Thx / Narinder Kumar
Yes, it will surely create a big issue in future. What you need to do now is file a RTI to EPFO asking for what you need to do here in this case ! and then complete that!
Sir,
In your point no. 4 above as per your calculations, if i leave the serve at 6 years, I will get 6,500 * 6.40 = Rs 41,600. And the contribution to EPS as per your text will be maximum of Rs. 541 per month… that means I am contributing 541 * 12 * 6 = Rs 38,952. Which means I am getting more than what has been contributed to EPS. Then why you are making scary by your projections of taking assumtion of Rs. 1,00,000 to EPS etc…
Thats just an example !
Hi Manish,
I have 4yrs of IT experience,
I am about to leave my current company.How much percentage of tax will be levied on my PF amount if i withdraw it.
It is based on your SLAB , there is no fixed rate, if you are in 30% slab, then 30% !
Dear Manish,
I understood for a site purchase I can withdraw 24 times of my basic salary or Accumulation, whichever is less. But one confusion accumulation means only Employer contribution or Employee contribution also.
Could you please clarify.
Regards
Sanil
You will get your answer here – https://www.jagoinvestor.com/2014/02/withdraw-from-epf-account-for-buying-house-marriage-education-and-medical-treatment.html
manish
Hi Manish,
I came to US more than two years ago and since then there is no contribution to my PF. Now I work for a US company which obviously is not contributing to EPF. Will it be illegal to withdraw EPF balance by stating that I do not have any job in India?
Can you guide which form I need to fill for this?
Thanks,
Ashish
Not at all, its perfectly fine to ask for WITHDRAWAL .. you might have to mention that you are now in US and want to withdraw your job, it will be required by you to produce your VISA and also some proof of you being in US . just make sure you use RTI here for faster processing if possible !
After going through the complete article, it feels that there is no stone left unturned in this area of knowledge. I am very impressed with the content provided in the thread and your helpful attitude Manish.
Thanks once again for this meaningful article.
Regards
Sumit
Thansk Sumit !
Hi ,
i have recently resgined from my company post 10 yrs of service. i understand now that i can withdraw EPF and not EPS. Although for my understanding, how much % from the the overall funds can i withdraw. Also how do i claim for EPS at age of 58?
Better open a thread for discussion at our forum for this – http://www.jagoinvestor.com/forum
Hi Manish,
Got it confirmed from the finance team of my previous employer that, via Online transfer request, both EPF & EPS would get transferred to the notified PF account. No need of applying via separate form.
Shan
Thats great !
Hi Manish,
I have initiated my EPF transfer online from my previous employer to my current employer. I dint see a provision in that online form to include EPS for this transfer.
Will both my EPF & EPS amounts get transferred to my current EPF account?
Appreciate your help on this.
Regards,
Shan
I am not sure if EPS form was given to you or not . Please check with employer once if that was filled ?
No manish,
There was no option in Online application form to include EPS while initiating a transfer.
My question is if its not included part of online transfer, then how to transfer that amount to my new PF account. And the form to be used for that?
My previous employer wont have it unless i fill that specific form and give them right?
Shan
I believe its form 13, which you can download from EPFO website
How can i request for a e passbook on member portal or mail or sms ? and when i download it from member portal it shows only trancisation up to nov-2012.
Yes, but thats a rotten system . do not rely on that. Use RTI to access the information from EPFO , its the best , but slow way !
I can not understand what u want to say ? Please explain in detail ?
Regards,
Kuldip.
I mean to say that the e-passbook website has lot of issue and they do not update the records . But if you use RTI , it will give you 100% correct answer, but it will take 40-50 days, it will not be instant !
ok Thanks for information. How can i use RTI ? Please explain in detail ?
You will get an idea here – https://www.jagoinvestor.com/2012/03/rti-for-epf-withdrawal-or-transfer.html
Hi Manish
Thanks for this useful information
If only 541 is going towards EPS than how much pension one can get from it
I have already mentioned about it in the article itself, did you not get it ?
You have mentioned maximum limit 3250, but what is the actual amount as I guess minimum amount is 1000. so it can be anything between this, but what are the criteria for calculation.
Thanks again for wonderful information.
Hi manish,
I have one question, we have withdrawn our EPF for house down payment 4 yrs back, and my husband has completed 10 yrs of service. Are we eligible for EPS after 58 yrs or can withdraw the amount as per our wish anytime?
After 10 yrs of service, its compulsory to take pension, you cant withdraw it now . As far as my understaning
How much maximum amount to calculate a Provident Fund for the employees?
Please reply
Not sure what is your question
Greetings!!!
May I request if anyone can suggest me on my issue that I am facing with the withdrawal of my PF. I have been seeing status at the http://epfoservices.in/claim_status and since Oct 16th 2013, I am seeing that my PF has been settled and getting this update: “Claim Form 19 for PF Settlement AGAINST Member Account No (GNGGNxxxxxxxx) has been settled. Payment sent through NEFT). However, I havent recieved anything yet in my bank.
Kindly help !!
Regards
Suri
Hi Suri
Seems like they payment is first done to SBI bank who then transfers it to final member ! , so you need to co-ordinate it with EPFO ,. File a RTI on this and I am sure it will get settled pretty fast !
Hi Friends,
Could anyone guide me how to solve the PF issue at moment.I was working with CSC india when i got my PF transfered from Satyam and Wipro Technologies.From Satyam computers employee share which is mine was transferred correctly while the employer share which includesPF+PENSION, pension fund was not transfered.I submitted one form 13 to satyam while i was in CSC to get my pf transfered.I downloaded my epass book from government of india and found that pension fund was not transfered .The same was the case with wipro.
Oct 2007–I joined Satyam and left satyam feb 2010
March 2010 i joined Wipro and left wipro on may 2010
june 2010-joined CSC .I applied for PF transfer from both Satyam and Wipro.In both i submitted one 13 form for satyam and one 13 form for wipro.Still the pension is not transfered ,only pf is transfered.
Could anyone guide me how to get pension fund transfer.I raised grievience with Satyam Computers concerned pf office and they gave the answer-
This is with reference to your Grievance registered vide Registration Number xx/xx/xx/xx
It is informed that after processing your grievance,the following action(s) has been taken:
It is informed that, an amount of Rs.xxxxx/- towards EPF was transferred to xx/xx/xx/xx through cheque NO.xxxx dated 05/01/2011 alongwith the above Annexure’K’ (Transfer document) was also forwarded to the concerned PF office based on which the above amount and EPS (Pensionable Service) which is furnished in the transfer documents were to be credited in your PF a/c to which the above details were sent. As per the EPS rules, the service rendered by you in your previous & present spell of (EPS) service is the only requirement for pension eligibility or for withdrawal.
Therefore, we are closing your grievance from this office.Please quote the same in your future correspondence.
I also raised grievenece with Wipro (which has PF trust) and they replied-
We have received one form 13 and we have processed your PF amount and If you would like to transfer your Pension a/c to your new employer, please send us one more form 13 transfer applications to the below mentioned address through your new employer, On receipt of the same we shall process and transfer your Pension a/c.
1. EPF and FPF A/c No. is one and the same.
2. Please note that your PF a/c is maintained by Wipro Provident Fund Trust.
3. Trust address is as follows.
Wipro PF Trust,
EC 1, 3rd Floor, Tower 4
No 72 Keonics Electronic City,
Hosur Main Road, Bangalore-560100
whatever amount they have mentioned i check in my online epassbook that pension fund is missing while only pf part of employer share is given.Please help me to get my Pension fund transfered.Also why reply from Satyam and Wipro is different
Regards,
Rahul
Hi Rahul
Your case seems to be complicated, but now you should use RTI as tool to find out information about the transfer of EPF and its status
Hi,
I’ve a doubt about pension formula that
Pension = (6500*35)/70
My doubt is why devided by 70 ?
what is 70?
Please clarify.
Thats just the number , its not a variable !
Hi Manish,
Thanks for your reply.
I know that it’s a number!
But why don’t we divide by 40,50,60,80,90,100………?
I’m asking you the reason that why should divide by 70?
Please explain cause nobody giving suitable clarification!
I am not 100% sure on that number, But may its some “expected age” ! . Just a guess !
Hi Manish,
I am working in a company for almost 3 years. I had informed my employer that i don’t need EPF. But i would like to have now. Can you please tell me how to approach my employer.
Thanks in advance.
Hmm .. I am not very sure on that part .I think the best thing will be to meet the finance team of your company, they will be able to guide you on this
Manish
i have taken the housing loan from EPF in the year 2007 for construction.
and also i have taken the housing loan from SBI bank on the same purpose.
a) Can i take the repayment of housing loan ( since still outstanding loan in their in SBI bank). I like to clear the same.
b) what all the document i Need to submit?
Thak U,
Hi Raghav
I suggest you open up this query on our forum for detailed discussion – http://www.jagoinvestor.com/forum
Mr. Manish
I have completed 09 years 1 month in the job . I want to withdraw my amount can I get full amount from EPF
Yes
Hi Manish..
I am having one query..If i have worked in some organisation for 35 years and My contribution towards EPS scheme is 541 which is maximum..
If I resigned from my job and applied for Pension after 58 of age..
Can i get lumpsum amount which I invested for EPS not in EPF & also Pension.
As per your detail, If any body worked in more than 10 years the EPS amount will be seased and elgible for pension..The amount which is deposited is EPS, we didn,t get any intrest for that..
So As per my calculation If I Deposited 541RS monthly in RD for 35 years As 8% P.a Intrest I will get around 12 lakhs..The same amount which I deposited in FD. I will get monthly around 7500 to 8000 monthly as Intrest..
But the EPS scheme is providing maximum 3200-3500 of Pension If the employee is Worked equal to maximum 35 years of service.
So As per My opinion Iam losing montly averagely around 3500-4000 minimum..
If I didn,t get Lumpsum amount for EPS that means they are do cheating with public..
Can u please tell me. Can i get lumpsum(with or without Intrest) amount and Pension na?
I dont think you will get lumpsum from your EPS part, but for EPF you will get it
Hi,
I have the following queries:
1. In my 1st company I have worked for 3 years(Apr-2004 to Mar-2007), In my 2nd company I am working from May-2007 to till-date(Nearly 7 years). Now I have applied for transfer of PF from my 1st company. My question is will Pension amount get deducted from my pf account? Is there any way to stop this?
2. If I withdraw the money from my 2nd company’s pf account(after getting the pf amount transferred from 1st companY) will I be eligible for pension. How will it work in this scenario?
Appreciate your help over here.
Regards,
Nagesh
I dont think you will be eligible for pension because first reason – you have not completed a continuous service of 10 yrs , and 2nd, it only starts after you are retired !
Hi Manish,
Say I have a EPF account number available with me “XY/333/SMPL/001199”. How can I find out the EPS account number?
I recently spoke to a friend who had withdrawn EPF and EPS (through two different forms) where the EPS number was provided by the employer in a pre filled form. When the same was submitted a reply came back saying the account number is wrong. BTW this is a private PF trust.
Any thoughts?
Thanks and Regards,
Wriju Bharadwaj
Hmm .. Actually I am hearing this for the first time. All I knew was a EPF number, a EPS part is already attached to it . I mean its mapped to it ! .
Dear Sir,
Your article on PF is superb, too nice.
It’s like a ” GAGAR ME SAGAR BHARNA ” i.e. complete information/fact in brief.
Thanks a lot Sir.
Thanks for your kind words 🙂
Hi,
I wanted to know if I can withdraw from my PF to pay for house loan. I have already withdrawn once for my marriage.
I guess you can do that .
Hi All,
I have one concern about my EPF account. I gonna explain with example to got the exact point.
I was worked with one company “C1” for about 3 years with EPF acc. “PF1”. Then I shift my job to company “C2” with new PF acc. “PF2”. Unfortunately, after being with company “C2” for about 3 months, i have had to left the company “C2” due to financial problem of the company mgmt, so I again rejoined to my previous company “C1” and told to continue my PF acc. “PF1”. Now my question is that:
1. Can I transfer amount from PF2 to PF1?
Yes, why not . you can surely do that. I think your EPF money amount must be very small in PF2, but anyways you can do that. I assume you have not initiated transfer when you left company 2 , now better fill up the transfer form yourself and send it to EPFO !
Manish
Thanks Manish.
Hi Manish,
I have worked in private company for 3 years. I left company 3 months back. However they were not paying salary properly and EPF amount also. For 4 months i.e. from June 2013-Sept2013 they have paid only employee’s contribution not the Employers.
Now I want to withdraw my PF. Is it mandatory that for withdrawing do I need to wait untill my previous company pays the balance amount ?
If yes, is there any provision that I can pay the balance amount and withdraw EPF and EPS money ?
Thanks & Regards,
Sujeeth
You dont need to wait for anyone . You can surely withdraw your money right away and because employer has not submitted their own share,you should also file a complain to EPFO on that and also complain to Police on this
Manish
I have heard that pension is given only to Government employees. I am working in a private firm and my PF gets deduceted every month. Am I eligible for pension after my retirement? If yes, how should I calculate my pension amount per month?
Yes, but there are some conditions to that which is already discussed in the same article
i m anitha from vellore i m previous employer of india infoline i was worked in the period 2006 – 2007 how to get my pf settlement kindly suggest me
You have to fill up EPF withdrawal form .. but your company should assist you on that !
I am a working professional and I have my EPF account. What needs to be done with my EPF account & money if i plan to go for higher studies? I read somewhere that EPF is only for salaried professionals, so I won’t be eligible to make any contributions to this account for 2 to 3 years.
Would it b wise to start VPF at this point then ?
Better withdraw it !
Hi Manish,
I worked from 2007 to 2010 say in company A and then I joined another company say B in 2010. I worked in company B for 6 months and by default they gave my PF amount after two months. I joined company C meanwhile. I transferred my PF amount of company A to company C. Now I left company C in 2013. Now I have no job and want to start my own setup. Also I am planning to withdrawal my PF amount. So first question is, for me PF amount would be taxable or not? and second is how much time it will take to get money? Please revert me back.
It will be taxable for you , because there was no “continuous” duration of 5 yrs working . Also it can take anywhere from 3-4 months to 1 yrs to get the EPF money . If it takes more than 3-4 months, file a RTI and ask the status of your EPF
Manish
Thanks Manish for addressing my queries
Hi Manish,
I have been working for 9+ years and haven’t withdrawn PF when I changed the company. Can I withdraw only EPS and continue the EPF part? If yes, what is the process.
I dont think its possible to just take EPS part , I suggest double checking with RTI !
Hello Sir,
I applied for PF deduction but its showing no record found on EPFO site.
What can be the issue?
Please accept and solve my query.
Thanks
Is your employer paying the EPF money regularly to EPFO department ? – https://www.jagoinvestor.com/2013/06/is-your-company-depositing-your-employee-provident-fund-epf-money.html
Is interest applicable on PF for entire tenure of 7 years, during which period the amount was lying idle with the PF office, in cases where such PF has been got transferred and not withdrawn. As I have recently transfered PF after 7 years (only due to inordinate delay from PF Office) but interest is paid by PF office only for 3 years saying dormant account.
Please guide me.
Yes, if account is inactive for more than 3 yrs, it becomes dormant and only interest given on it is for 3 yrs, but I think this rule came only 2-3 yrs back . So you should have got even the 3 yrs interest after the news. File RTI to get answers from EPFO
Hi,
I have got my PF transferred after lot of deliberations, visit etc. to PF office at Kandivali Mumbai to my present co’s. Trust.
This money was lying idle (Rs.83666/-) with Kandivali Mumbai, which was transferred from my previous co. and no interest was accruing as the same was not merged with my PF at Kandivali Mumbai. After lot of follow-up it was finally merged & transferred but with interest for only 3 years. This amount was lying with PF office at Kandivali for almost 6 years (Jul’2007 to Aug’2013) whereas inspite of transferring and not withdrawing I have got interest only for 3 years, hence as against expected amount of Rs.1.38 lacs I have got only Rs.1.10 lacs. with interest.
Please let me know if i am within my right to get the balance interest as I have not got my PF withdrawn right from 1996 to till date ie. for almost 17 years.
Yes, I think in your case, the transfer was not done by EPFO and thats their mistake. It the transfer would have happened (you would have got all interest) , so its service failure. I am sure you would get the justice, but the only thing is you will have to now fight for your right. I suggest file a RTI to EPFO on this first and then later go to consumer court on this . You will win – but a little late
Manish
Great Manish ji …. I really appreciate your sincere efforts in helping people which is a very noble cause … Keep it up !
Thanks
RAJESH NAYAK.K
Thanks Rajesh 🙂
sir,i had left one orgnasition in 2010 after 4 and half years and join new one.I had not withdraw or transfer pf. Just I have left second orgnistion after 2 and 1/2 years and join new organistion. What I should do with previous both pf.?
YOu have both the options , If you are in need of money , better withdraw else transfer them to your new company !
Nice article. Informative. Thanks 🙂
Welcome
Hi manish
I have two queries
Firstly , what is the minimum working days requirement for opening an epf account..mi have worked in PSU but I dont know wether my PF is opened or not..pay slip only shows amount deducted but not pf no.
Secondl I am joining a new Psu now since there was bond in previous psu I want to keep it un disclosed. .is there any chance that new employer can get details of previous employer through PF details…isnt it linked with PAN card no??
As I know, most of the PSU’s have NPS account opened and not EPF account ! .
Does any tax levied when withdrawing EPF (Irrespective of any number of companies you have changed and not withdrawn in previous company switches)?
If its before 5 yrs of working , then it is part of your salary and taxed at slab rate !
Manishji,
I would like to know further about EDLI. You said that it gives Rs. 60,000/-. How it will give. An EPF person ( subscriber ) dies while in service normally or by accident . Kindly give your full advice.
it was an example – EDLI is not always applicable , contact your company department on finance to know more on this
Hi Manish, Kindly see below my work history:
4 years 3 months —- Org A (PF Transferred to Org C)
0 years 6 months —- Org B (PF withdrawn while joining Org C)
1 year 6 months —- Org C (Org A PF transferred to Org C)
Can I take PF advance for buying a flat from my PF account with Org C.
You cant . there has to be continuous 5 yrs of service
I have taken a house and paid money by arranging from my friends. Though i have already paid 100% amount, i am still to pay society charges and get possession. Can i still withdraw under 5 clause of withdrwal mentioned here. I have completed 5 years of service.
But if the house is already bought, I dont think then you can get it .
Hi mnish
Can you til me EPF rules Wat time i wat time i flip the epf form
Not sure of your question ?
The post was very illuminative. I have one query though. I worked for @ years in a PSU where there was EPF scheme available. Now I have joined another PSU where EPF scheme is not available instead we are enrolled under NPS (New Pension Scheme). In that case can I withdraw my amount accumulated in previous company or I have to transfer it to my new Company??
You can either withdraw it or transfer it , you have both the choices !
Hi Manish,
I gone through your post and this is really useful information, thanks for taking initiative and all answers. I have also some queries about the same.
Last month I have requested for PF passbook through member portal and this month I am able to download the PDF file where all the details are mentioned about my account. I am working from last 5 years in current organization and this is my third company. In second company I worked 3 years and transferred my PF into this current organization PF account, so 8 year balance available in my current PF account. I have gone through your information and also with some of the question/answers flow. Following is the example for my closing balance as per the passbook. Employee Share: 200000 Employer Share: 142000 Pension Fund: 31000
Now questions are
1. Can I withdraw the amount for my home loan repayment? If yes then how much max amount can be allowed to withdraw (excluding Pension Fund)?
2. If I withdraw amount (excluding Pension Fund) before completion of 10 years then can these 8 years accountable for pension?
3. What is benefit apart from interest if I wait for next 2 more years so that I can complete 10 years.
4. If I apply for PF withdraw how much time it will take to complete the process. As per my above mention balance which form I need to submit.
5. In my first company I worked only 4 months (After left the job within one year this company was shut down due to loss) and as per Salary slip PF also deducted hence I went PF office to withdraw that amount but as per them the account is not online for this company and they are not able to find out the my record, amount may be around 5K hence how can I withdrawal this amount? Company ka to diwala nikal gaya so now no one is belong to this company. Please your advice really appreciated.
6. If I continue my PF account till 58 years and after 58 years still I will get only 3500 per month? (unless there is rule change by government)
Whenever you are free could you please take a look my big list?
Thanks much,
Yogesh.
Yogesh
Can you put these questions on a thread on our forum – http://www.jagoinvestor.com/forum/
Dear Manish,
Very informative and exhaustive article.
Just wanted to know a couple of things. I had completed 2 years and 9 months when I left my job in August 2013.
1. How much EPS will I get? 2.05% or 3.1%. The amount accumulated in EPS is Rs.17853/- and my basic salary was Rs. 60000/-
2. If I withdraw this amount, the same will have to be offered for Taxation in 2013-14. Instead can I wait upto April 2014 and offer for taxation in the new year?
Regards
Milind Shah
1. No idea exactly . But you should get what you have in your EPS at the moment
2. YOu should transfer it to new EPF , else it will be taxable
Dear Manish,
Well done, u have collected a lot of information through efforts, Its a very nice article. True, very few no the rules of EPF.
With regards
Sanjay Patidar
Thanks 🙂
I am looking for purchasing of flat , i have some querries in mind , pl guide
1. I am withdrawing for thre first time from my EPF account
can i get withdraw total amount from epf ie emplyer stake and employee stake standing currently on my epf account approx amt . I have heard some confusion in emplyer stake & emplyee stake
2. If so how much % can i get
As shared in the article itself
– The maximum amount you can avail of is 36 times your wages. To buy a site or plot, the amount is 24 times your salary.
Dear Sir,
The article is wonderful and gives clarity on a lot of queries which any layman would have with respect to EPF. However I am still looking for answers to one query:
I worked for an organisation for exactly 12 years and resigned. Now when I am trying to withdraw my EPF and EPS amount, I came to know that I am not eligible to withdraw my EPS amount till I reach the age of 58 since my employer has contributed EPS for more then 10 years. Now my questions are:
1. Can I withdraw my EPF amount?
2. What happens to my EPS amount and what is the process to withdraw this amount?
3. Suppose I wait till I attain 58 years, then what is the process to withdraw the EPS amount. Do I still need to route my withdrawal application through my last employer? What if my last employer cease to exist at that point in time?
4. How do I know how much is my EPS amount till date?
5. Under such a circumstance can I choose to withdraw my EPF and transfer my EPS once I get a new job? What will be the process then, what all forms need to be submitted and whom do I route it through?
Looking forward to some satisfactory reply and help.
regards
M Mahakud
Yes, you can withdraw your EPF , but not EPS amount . You should file a RTI to EPFO asking for all numbers and queries. you will get correct numbers from them .
Hi Manish,
I have received my PF amount transfer into new company PF account after 9 months.
But EPS amount is not get credited into new account.same thing i asked by PF grievance online but they are replying comments like “In respect of EPS, only service particulars will be informed through Annexure K for adding into your present account when your PF amount was transferred and no funds will be transferred. There is no need to apply again for transferring EPS since the same has been added to your new account since the pension/withdrawal benefit is based only of the number of years of service rendered.”
So please suggest me how can i get transfer EPS amount into new account .
Regards,
Manish
Have you worked for continuous 10 yrs ? If yes, then you cant withdraw it now . I suggest take help of RTI now for asking anything related to your EPF !
Good information. I have one query which was not covered in your article. Where the pension part of the fund (i.e. 8.33% of employer contribution) finally rest in after the death of the employee and his/her spouse. Will the corpus amount be given to dependants or not. Please clarify.
WHen you apply for pension (when you fill up the form), you are asked the method , means pension with maturity sum to be given to your family (in which case pension will be lower) or you want more pension, but no payment back ! . Its your choice !
Hi Manish,
Very Good article and quite informative.Need help with my understanding.
I was previously working in a company for 7 years.My Previous company had its own private PF trust and monthly contributions were credited to this trust.
When I switched my Job, I had transferred my PF to my new company.On checking the PF balance on accession the EPF e-passbook , I could see the amount towards employer and employee contributions being transferred but the contributions to EPS are nor shown?
My questions.
1. Does the EPS balance get transferred automatically when we request for transfer of PF?
2.If Yes, then why it is not updated in the EPass book?
3. If No, then what to do with the balance in EPS?
You need to fill up form 13 for that, but when employer gives you the forms to fill, they generally give that one too
Hi Manish,
i transffered my balance in previous PF account in to the new account, EPS contribution of my previous employer is not transffered in to the new account.
why this amount is not transffered and how can i get the details of this amount?
DId you fill form 13 ?
yes
Dear Manish,
In case some employees (contractual employee who sign employment contracts for say 4-6 months) do not want to be a part of the epf scheme, how must the employer tackle this one. do they need to give any declaration etc
Appreciate your advise in this matter.
I am not aware about it . Please open a thread on our forum for discussing this http://www.jagoinvestor.com/forum/
Hi Manish
I have went through your article regarding epf .It is really gud and i have learnt lot many things from it.
I have few questions please clarify me.I have worked in a organization from 28-JAN-2010 to 10-Jun-2013.
I am not working currently but i will be joining new org on 16-sep-2013 and i want to transfer the existing pf account to this new org account.
Below is my EPF Passbook stmt
Employee Share : 54468
Employer Share : 31285
Pension Fund : 21995
I want to pursue higher studies also if possible i will be going by end of january 2014.
I see that from one of your conversation Employee PF is taxable below 5 years and i would be getting less after TDS waiving.
So suggest me whether to withdraw the amount or take a loan on my PF amount and am i eligible for this loan amount so that i would not loose my amount.
My last salary amount is 23,461 and my total work experience is 3.4 years.My question how much EPF and EPS would i get
as i did not understand regarding Table D and as u said TDS would be waived if PF is withdrawn below 5 years.
As per ur response for other people u said below 10 years of service only u can withdraw EPS and after 10 years
u will be eligible for pension and u cannot withdraw EPS.Please calrify me if my above statmt is right?
So if i withdraw now EPF and EPS amount and after my pursuing higher studies and after if i join new org
a) Can i use the same pf account as i dont know how many years this account will be if i do not use and
b) in the next org if i start working and after 10 years again from that time only will i be eligible for pension or the 3.4 years
before will be taken into consideration for pension liability so that in the new organization if i work for 6.8 years
then i would be eligible for pension?
c) how many years of gap can be possible to use this same pf account again
d) As per ur replies we get partial amount of EPS and let me know what happens to the rest of the amount and when can we get back this amount
and when i join new org and transfer this pf account will the remaining eps account would be transferred if i withdraw the epf and eps
amount as i stated earlier
e) My employer has given form 19 and form 10c for withdrawl?Are they sufficent for both EPF+EPS withdrawl?
Please suggest me how to use wholey my epf+eps amount for my higher studies i mean whether to withdraw or to take a loan
also clarify me loan is given on epf amount or epf+eps amount and where and how to apply for that process
One last query as u said after 58 years only u get pension amount and it clearly says that no interest on eps
so 541 * no of months we worked till 58 years = total eps and if i have not withdrawn till 10 years and i am liable
so do we get this total amount once or in monthly basis and also please clarify me as stated above if we take a loan
or withdraw PF regarding the liability again for pension amount?
It would be very helful for me.
Please clarify me on this .
PLease open a thread on forum to discuss this and keep your questions short – http://www.jagoinvestor.com/forum/
Hi Manish,
I have worked for 35 months(2.11 yrs) in an organization, last month i have withdrawn the my EPF amount. My basic salary was Rs.6500 and EPF for every month in Rs.780+ Rs.229(Employers share).
But, I want to know how to withdraw the pension fund amount , what form i have to submit. I had filled and submitted Form 19 and Form 10-c during the claiming my EPF.
kindly suggest me……
Its form 13 I guess
But, Form 13 is for For transferring the Provident Fund account of a member from one establishment to another establishment covered under the act / scheme.
But, need to withdraw my pension fund, since I worked for 3 yrs only. currently I am not working so,,,,,
I request you to suggest me what i have to do to claim my Pension amount of Rs,18,900 .
But, Form 13 is for For transferring the Provident Fund account of a member from one establishment to another establishment covered under the act / scheme.
But, need to withdraw my pension fund, since I worked for 3 yrs only. currently I am not working so,,,,,
I request you to suggest me what i have to do to claim my Pension amount of Rs,18,900 .
ok thanks Manish.
That means either withdraw (i.e EPF and EPS) when I change a job or leave it continue. Let’s say that I don’t withdraw now and in the job I have crossed 10 years – if I change a job after 10 years can i withdraw EPF fully and they won’t give EPS right?
Btw, how is this 10 years calculated – is it total work duration or just the duration for which you have been member of EPFO with the existing account?
Thanks,
Purushotham
The duration is your continuous service (of all companies) . You can withdraw EPS anytime .
From what I have read, you cease to exercise the option of withdrawal of EPS after 10 years of service.
Thanks Manish , for a such a wonderful and detail information.
Thanks Chinmoy !
Hi Manish – thanks for the article. Very informative.
I have a tricky question – let’s say that i change the job now. Now I know there are two parts like EPF and EPS. What if I don’t want to withdraw EPF and transfer to next employer (as interest given to this) and JUST withdraw only EPS part as interest not given? Is there any provision like that? 🙂
thanks,
Purushotham
No there is no provision like that .
I’m working in Pune. I’ve 3.1 yrs service record in Company when I left the company i.e. on 6th sep 2011. I’ve send my PF withdraw form on 13th Aug 2013 but company has deducted
30.90 % tax from the PF amount and they are showing the cause that I’ve only 3.1 yrs service record in Company that’s why they are deducting the tax, if I continue my job in Company for 5 yrs then the tax would not be deducted. But I’ve submitted the withdrawal form after 5 yrs, still the company is denying that. I like to know that whether they are correct in this issue or not. If they are not correctly saying then what can I do to retrieved my deducted amount ? please let me know as soon as possible.
My PF A/C open Aug 2008 and left the company 6-Sep-2011, send my PF withdraw form on 13th Aug 2013.
Please share EPS calculation details.
Total service period – 3.1 yr(37 Months). 541/- every month deducted.
You should have 5 yrs of SERVICE !
5 yrs of Service is counted or PF A/C opening is counted.
Please share EPS calculation details.
Total service period – 3.1 yr(37 Months). 541/- every month deducted.
It should be service period
Hi, Manish , Thanks for your reply.
Total service period – 3.1 yr(37 Months). 541/- every month deducted.
How much EPF amount i will get.
Somen
The best thing you can do is check your EPF balance through RTI first !
Hi,
I have one doubt,pls once confirm me, I had applied for PF A/c transfer from old company into my current company, I filled the application form-13,and got transferred amount after long time of 9 months,But there is big difference in the amount while calculating and comparing the amount with downloaded PF passbook details and given Annexuture -K details from PF office. As per my doubt is that while we are getting transfer of PF amount on that same time they dont transfer out EPS amount. So please once confirm to me this.
The best thing would be to file a RTI and ask what was the procedure to calculate the amount.
Manish
Hi,
Pls confirm to me that EPS transfer also happen while we apply for the PF transfer. If this is not so what is way to apply for the EPS transfer or withdrawl.
You have to fill up a seperate form called Form 13 . That is generally given to you by employer !
Hi Manish, Appreciate the very good article by you. I have a query regarding TDS deduction on epf withdrawal. I worked for a little over 2 years and resigned in 09/2010, to pursue my own interest. Since then I have not withdrawn my epf. As I understand TDS is deducted on withdrawal if there is no continuous service for 5 years (TDS is based on last salary tax bracket), Is there any way / rule by which I can prevent the TDS (as in my case 30%) if I withdraw now or later in september i.e after more than 5 years of joining. Appreciate your response. Thanks
If you withdraw after 5 yrs of EPF account in existance , I dont think there should be any TDS cut . I left my job in Yahoo after 3.5 yrs and there was no TDS cut . Who told you that there is any TDS cut ?
Manish
Hi, Manish , Thanks for your reply, I have spoken to the person who is responsible for EPF withdrawal (epf trust managed by the company) in my company and he told me that it doesn’t matter as to after which time you withdraw 5yrs or 10 yrs, what matters is your length of service, which in my case in slightly more than 2 year. Only TDS exemption would be there for employee contribution part to the extent not claimed for 80c deduction. Do you know any specific epf rule that I can refer to them to claim exemption? since TDS is a good amount to the tune of 2 lacs and I am apprehensive that getting it back from IT dept. is extremely difficult.. regards…shashank
No , in that case what he is saying is Final
I left the organization previous organization two months back and joined new company. Please suggest what will be beneficial to withdraw my PF or transfer to new organization. In case of withdrawal will I get full amount and interest or there will be some loss.
Better transfer it
I download EPF Member passbook today from http://members.epfoservices.in
but its shows record from 01/04/2011 to 04/04/2012 . how can I view records till current month.
Using RTI
That is such an informative read! Else EPF and EPS is like blackbox, and most of us doesn’t know what lies inside!
thanks Niteen
Hello Manish
I have resigned from my present company and would be joining another soon. I have served 6.5 years of service here. Should I transfer my PF account or withdraw it? Some people say it is better to withdraw and some say it s safer to transfer? What do you suggest me ?
Its a choice . If you withdraw – you will blow it for some reason !
If you transfer,it will not be easily in reach so it will be like compulsory saving for future. You decide !
Hello Manish, thanks for great info,
I have question does paying EPF is mandetory for all orgnaisations i knw few they do not pay EPF for there employees.
Regards
Tushar.
Its compulsory for all companies more than 20 employees
Nice Article.
I need to clarify the Fourth Point, about EPF/ EPS Money.
As you said, 6500*6.4 = 41600 is O.K. But my Calculation as per Employer’s Contribution (541*12)*6 = 38952. But the Amount received as Withdrawal is around 42 Thousand.
Is your Calculation is correct ?
Kindly clarify.
Regards
S.SomaSundaram – HRD
there will be interest also . right !
Mr.Manish,
But the third point itself, the Article says that there is not interest for the EPS Money.
Kindly clarify.
Regards
S.SomaSundaram – HRD
Ohh its EPS . I think you should file a RTI On this to get the exact answer. We will just be guessing here if I try to answer !
Mr.Manish,
You are right.
I will try.
Regards
S.SomaSundaram – HRD
HI Manish,
Thanks for a very informative post.
Just 1 query – Your article informs that one can withdraw only once for buying a plot. I work for a private organization who maintains a PF trust. Cann’t I withdraw now and again if I join another company after a few years? Do the Trusts pass on this information to EPFO?
Please let me know.
Regards,
Gaurav
I am not very sure on that . Better check on our forum
I have retired and am about to withdraw my EPF balance of Rs.75 lakhs. Which date is best to submit Form 19 to reduce loss of interest during processing of my withdrawal application? Upto which date is interest paid? Please send advice to my email id gmajit@gmail.com.
Ajit
Anytime is good . It will anyways take months to get it processes. As the amount is high , expect the delays . but later please file a RTI application !
I read that they will pay interest till the month of authorisation. And if authorisation date is after 25, interest for that month will also be paid.
Please clarify.
Ajit
I had a break (retrenchment) in service in 1997. My date of Birth 24.11.1954. I claimed my pension during 2004 and I am getting Monthly pension of Rs.874/=( period of service 1978 to 1997).
I joined another service during 1997 and retired November 2012. Can I claim /entitled for EPF pension of 1995. Are there any duplicity in claiming both the pensions. Will the PF club both the pension entitlement and give a cumulative amount.
Please guide..
Thanks
Menon
Menon
Please open a thread to discuss here – https://www.jagoinvestor.com/forum/
Nice information.. Specially the withdrawal for home loan.
Thanks
Dear Sir,
Recently i have left the company and i want to applied for pf withdrawal within 2 month.this can be possible or not.if possible then what is the process for that..kindly help me regarding this because i’m very confuse.
You can get it only after 2 months . But even then the delay can happen and in case it happens , its suggested to take help of RTI !
Great article manish, very useful for everyone….
Thanks
Hi,
I shifted to new company after working for 4 years and I transferred my PF to the new company’s PF account. My old company paid Rs 141012 (EPF 112857+ EPS 28155). The PF office transferred only Rs 133297 to my new account.
Can you please let me know why there is difference amount of Rs 7715?
Thanks,
Abhay
Also, haven’t they calculated the interest?
Hi Abhay
I strongly suggest filing a RTI, because otherwise you will not get proper answer !
Same here … but the difference is enormous! employee+employer 100639 + 69636 in old account. but paid only 77,322 +51,487 and interest only 1,691+1,126.
I am surprised.
by the way there was also an old transfer from old old account to old account of 35108 +25989.
I don’t know what wrong? please help.
Hi Bhupendra Kumar
I suggest that you now take the RTI route. You can file the RTI and ask your queries to them. THey are bound to reply you on your queries.
Its a bit long cut, but works well
Manish
Many thanks for your suggestion Manish.
You saved my 75000. The reply of RTI was the system technical problem. they have done the transfer within 15 days of filing RTI.
Great !
Dear Sir,
I am going to abroad (Saudi) for job and i have running EPF a/c , i wants to continue this a/c can this possible. Please suggest me , Thanks
No , it will be there for 3 yrs and then it will become inactive !
My package is 8962 per month in that Basic is 6500. as per PF deduction(12%) deduction from my salary is 738 but my company is deducting around 1500 that means they are deducting companies contribution also from our salary is it correct. as per my knowledge i have to pay 738 only and company has to pay remaining 738 but i dont know whats happening so kindly inform me is it correct or not if they are deducting more where i have to complaint please inform it will be helpful to 150 employs
Most of the company include their contribution in the CTC mentioned . So nothing wrong in it . You accepted the offer
Hi,
U mentioned that PF can be withdrawn for marriage / education / medical treatment.
Is it allowed only if we complete 7 years of service or can we withdraw before completion of 7 years ??
Thanks in advance.
I am not sure of the exact rule , but you will have to check for the rules in EPFO
Hi Sir,
I have completed 9.4years in the present company, my total EPF is Rs.80413/-(incl both EE & ER)pls pls advise is it worth of choosing pension scheme. If yes pls advise how much pension amt i will get per month.
You will get pension only once you complete 60 yr of age . Not before that .
Also the pension would be very small with this much amount, may few hundred !
Hello Manish,
I applied for withdrawal on 11 July 2013 so EPFO could have not settled my account in May. My question is why EPFO did not give me interest for the months of June 2013 and July 2013? I quit my job in April 2013.
thanks.
Hello Manish,
I quit my job on 16 April 2013 and applied for PF withdrawal on 11 July 2013. I got the PF money in my bank account on 24 July 2013. After doing all my calculations, it looks like the PF department did not give any interest for the months of June and July 2013. Is that ok?
It might happen that EPFO settled your money around May (it goes to SBI) and then SBI makes you payment, so there was 2 months delay there.
Good informative article Manish.
My query is if I take loan from EPF for constructing or buying a site, it will be non-repayable loan I believe. Can I make it repayable? If yes, how and will there be any interest rate applicable? Is it wise to opt for repayable against non-repayable?
I think repayable is better as we get opportunity to invest in tax-free savings (i.e. PF interest).
Please clarify.
Thanks
Naishadh
I dont think so , there is nothing called loan in EPF as far as I know
Manish, thanks! It was very informative.
Couple of queries:
1. As you m