Hello Forum,
I worked with my previous employer for 9 years and 2 months. I changed my jobs and got my Employee Provident Fund(EPF) transferred to my new employer.
After reading this forum, I discovered about the other component called Employee Pension Scheme(EPS). I discovered, the pension is measly and I found out the process to withdraw it by filling form 10-C (Since I had not completed 9 years 6 months of service)
My only question to the members knowledgeable in this area is : Can I withdraw my EPS from EPS even though I have transferred my EPF? I read the whole manual on the EPS website and I think I can.
Thank you.
From India, Bangalore
I worked with my previous employer for 9 years and 2 months. I changed my jobs and got my Employee Provident Fund(EPF) transferred to my new employer.
After reading this forum, I discovered about the other component called Employee Pension Scheme(EPS). I discovered, the pension is measly and I found out the process to withdraw it by filling form 10-C (Since I had not completed 9 years 6 months of service)
My only question to the members knowledgeable in this area is : Can I withdraw my EPS from EPS even though I have transferred my EPF? I read the whole manual on the EPS website and I think I can.
Thank you.
From India, Bangalore
When you transferred you old PF account to the new one, it automatically also transfers your EPS account also. However, you please check-up the position. My advice is it is best to continue EPS as a rise in minimum pension amount is on its way. So withdrawal is not advisable.
From India, Kolhapur
241From India, Kolhapur
In my view it is better to go for transfer of EPS. The pension eligibility is 10 years,
which will continue if you transfer your fund to the current employer.
Further, when your EPF is transferred. in that form 13 (R), the EPS transfer option
is available. I think, the same also was transferred to your current employer.
Pl check once again.
Rgds
Ganesh
From India, Hyderabad
which will continue if you transfer your fund to the current employer.
Further, when your EPF is transferred. in that form 13 (R), the EPS transfer option
is available. I think, the same also was transferred to your current employer.
Pl check once again.
Rgds
Ganesh
From India, Hyderabad
Mr Kulkarni and Mr Ganesh, my new EPF statement shows my EPS balance at around Rs 2500. (541 * 4 + one partial month). Hence, I am led to believe my EPS was not transferred along with my EPS. Also, the EPF statement says date of joining EPS is 2013 and not 2004.
I appreciate you pointing out that the pension amount is going to increase(I think by about 2.5 times). However, I want to encash this money and put it in my PPF account.
Can I encash it if my EPS has not been transferred?
From India, Bangalore
I appreciate you pointing out that the pension amount is going to increase(I think by about 2.5 times). However, I want to encash this money and put it in my PPF account.
Can I encash it if my EPS has not been transferred?
From India, Bangalore
Since your PF account has got transferred to a new PF Account, obviously EPS accounts also goes there. Hence now not possible to withdraw your EPS amount.
From India, Kolhapur
From India, Kolhapur
Hi,
I recently transferred PF amount from previous employer to my current employer via form-13, but my eps amount is not transferred.
I got a response from my previous employer that EPS amount they will not be transfered, but they will link number of years of service.
Please let me know to check EPS amount, number of years of service whether its is linked or not.
Do I need to submit any other form to transfer EPS amount ?
From India, Bangalore
I recently transferred PF amount from previous employer to my current employer via form-13, but my eps amount is not transferred.
I got a response from my previous employer that EPS amount they will not be transfered, but they will link number of years of service.
Please let me know to check EPS amount, number of years of service whether its is linked or not.
Do I need to submit any other form to transfer EPS amount ?
From India, Bangalore
Dear All
I also transferred my EPF from previous employer but as i download the member passbook, EPS amount has not transferred.
then i thought that it was better if i withdraw EPF amount by filling Form-19, & 10 C.
From India, Dehra Dun
I also transferred my EPF from previous employer but as i download the member passbook, EPS amount has not transferred.
then i thought that it was better if i withdraw EPF amount by filling Form-19, & 10 C.
From India, Dehra Dun
You can either avail EPS certificate or withdraw EPS amount , Both by filling form No 10 C.
From India, Mumbai
From India, Mumbai
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EPS - Wage Limit increase_01.09. 2014.pdf
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