Hello
I have completed 1.5 years in an organization. Our organization has employee pension scheme (EPS) as a part of our CTC in which ~8.33% of the employer share of PF is deposited in EPS.
1. What is better - transfer EPS or withdraw EPS?
2. What is the procedure for transfer or withdrawl of EPS?
Regards,
Sakshi
From India, Mumbai
I have completed 1.5 years in an organization. Our organization has employee pension scheme (EPS) as a part of our CTC in which ~8.33% of the employer share of PF is deposited in EPS.
1. What is better - transfer EPS or withdraw EPS?
2. What is the procedure for transfer or withdrawl of EPS?
Regards,
Sakshi
From India, Mumbai
Hello Sakshi,
Want to know have you left and joined new organization. In that case have to fill Form 13R for transfer of your PF amount both PF & EPS. Nowadays its done online. For more details can visit EPFO site.
Also best option is to transfer your PF to the current employer PF account instead of withdrawal.
From United Kingdom, London
196Want to know have you left and joined new organization. In that case have to fill Form 13R for transfer of your PF amount both PF & EPS. Nowadays its done online. For more details can visit EPFO site.
Also best option is to transfer your PF to the current employer PF account instead of withdrawal.
From United Kingdom, London
Dear Sakshi, if your wage is coverable under PF & EPS after joining a new company, it is always advisable to transfer your PF & EPS instead of withdrawing them. If it is necessary you can withdraw your PF but not your Pension since it might be useful for your post retirement life.
Regards,
Rajadurai Kalaichelvan
From India, Chennai
Regards,
Rajadurai Kalaichelvan
From India, Chennai
Seniors! I have a doubt.
If a workman gets wages (basic+DA) less than or equal to 15,000, he will eligible for EPF.
For example, he leaves and joins a new firm where his new wages become greater than 15,000, does he need to continue his EPF contribution in the new firm?
I think he needs not continue if he wishes so.
From India, Kolkata
If a workman gets wages (basic+DA) less than or equal to 15,000, he will eligible for EPF.
For example, he leaves and joins a new firm where his new wages become greater than 15,000, does he need to continue his EPF contribution in the new firm?
I think he needs not continue if he wishes so.
From India, Kolkata
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Employee Pension Scheme, 1995.doc
Form10C.PDF for Employee Pension Scheme 1995.PDF