POSTED BY October 30, 2012 4:06 pm COMMENTS (5)ON
Thanks for putting inofrmation about various issues related to financial matters.
Please help me out in my case of Pension fund withdrawal from EPFO, Delhi
I worked for my first company from 01/05/2000 to 14/12/2005 and then in my second company from 15/12/2005 to 15/12/2008.
I got my PF transferred from my first company to the second company.
Recently, i applied for withdrawal. I have received both the fund amounts in my bank account but i am sceptical about the Pension fund amount i have received.
Based on information shared by you, the pension fund amount is calculated as per Table D and the last drawn basic salary.
My basic salary was Rs.4208/- They have taken only 3 years of service into consideration and have calculated 4208* 2.98 ( factor for 03 years of service ) and the amount i have received is Rs.12540/-
Manish, kindly advise if it’s ok. I contributed into the pension fund for 08 years, 06 months and 15 days. then as per this the basic salary should have been multiplied by factor 8.22 ( factor for 08 years of service )
Waiting for your response !!