Hi Sreekanth,
I had transferred my PF from previous two organization successfully. I had read your article, the EPS amount will not be transferred.
Do I need to apply Scheme certificate of previous two organization (one company - 6 yrs, another company - 2yrs)
Thanks for your clarification.
Thothathiri
1 Answers
Dear Thothathiri,
If you are employed and currently contributing to EPF Scheme, and transferred the funds from your previous EPF accounts to the latest one, there is no need to apply for EPS Scheme certificate.
Below are the options for EPS withdrawals ;
- If you have worked for less than 10 years and have been unemployed for more than 2 months then you can withdraw entire EPS balance (through Form 10c) along with EPF balance (Form 19).
- If you have worked for more than 10 years then you can not withdraw full EPS balance. You can apply for Pension which starts either at 50 (early pension) or 58 years of your age.
- In case, you resign from a job and join a new employer who does not offer EPF scheme then you can either withdraw EPS balance (if service history is less than 10 years) or apply for Scheme Certificate from EPFO.
- You can submit this certificate when you join an EPF-covered organisation in future. If you do so, your service history gets carried forward.
- If you don’t join an organisation and reach 50 or 58 years of age, you can submit these certificates (if employed with multiple employers) to the EPF field office under whose jurisdiction your last employer was covered and apply (Form 10D) for monthly pension.
- In case, you resign from your current job and join a new organization where EPF scheme is offered, you can just submit Form-11 form to your new employer. Under this scenario, your EPF and EPS get transferred.
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