EPF Claim stands for Employees’ Provident Fund which is a retirement savings scheme for workers in India. Every month a part of the worker’s salary is deduct and deposited in the EPF account. along with an equal contribution from the employer. The EPF account has two components: EPF and EPS. EPF is the main provident fund, which can be withdrawn by the worker when he or she retires or leaves the job. EPS is the Employee Pension Scheme, which provides a monthly pension to the worker after retirement.
For success of any company every employee must engaged through it and various schemes are there for employee after retirement. In 10C helps to know details regarding EPF claim.However sometimes a worker may need to withdraw some money from the EPS account before retirement due to reasons such as medical emergency, marriage, education, or purchase of land or house.
Types of form EPF Claim 10C available
- To withdraw amount of money from any organization after retirement they are different forms
- Form 10D: it will give monthly pension after retirement at age of 58.
- Form 10C: it is used to fill EPS form in case of with drawl of pension.
Overview Of EPF Claim
|Name of Scheme
|Mode of Application
|EPFO (Employees’ Provident Fund Organisation)
|Salaried employees who are members of EPF scheme and have a UAN (Universal Account Number)
|To provide financial assistance to employees in case of retirement, resignation, death, disability, or any other contingency.
|1952 (EPF Act)
|Online through UAN Member e-Sewa portal or offline through Composite Claim Form
Filling FORM EPF Claim 10C:
- Visit official website www.epfindia.gov.in and login in to it through your details
- Also In this select form C and claim online claim click it
- After It will opens withdrawal form and withdrawal pension forms
- Read it carefully and fill them without error to get your retirement pension.
- However The amount will be transferred into your bank account
Applications of FORM 10C:
- We can share our pension to this to another employee.
- We can claim scheme certificate after you should live in one place for 9.5 years
- We can get withdrawal amounts after age of 50, before that no pension is not available.
There are 4 page in first two there will be basic information regarding name, PF number, DOB, fathers name and other personal information and other two contain admiration information of person
Documents to be attached:
- These are list of documents that should be attested with form C
- Paper that is signed both by employee and company
- Blank cheque
- 1/- stamp
- DOD for employee if needed
- DOB for kids
Conclusion: All details should be perfect in order to apply for 10C. It also contain how much money is collecte by person over these years
How to check EPF claim status?
After submitting Form 10C online or offline, you can check your EPF claim status on the official website of EPFO. Follow these steps:
- Visit this link: https://passbook.epfindia.gov.in
- Therefore enter your UAN and captcha code.
- Now Click on `Search` and view your claim status.
If your claim status shows `Payment under process`, it means that your application review is complete and they will approve the application in meantime. If your claim status shows `Claim settle`, it means that your claim has been approved and payment has been made to your bank account.
Frequently Asked Questions
Q: What is EPF Claim?
A: EPF Claim is the process of withdrawing money from your EPF account.
Q: How to claim EPF online?
A: Log in to the EPFO portal with your UAN and password and submit the claim form.
Q: Which claim form to submit?
A: It depends on the reason and type of withdrawal. Refer to the EPFO website for details.
Q: What are the conditions for EPF withdrawal?
A: You can withdraw EPF partially or fully after meeting certain criteria. Check the Paytm blog for more information.
Q: How to check EPF claim status?
A: You can track your claim status online through the EPFO portal or the Umang app