What is Form 10C ?
Form 10C is a form issued by the Employees' Provident Fund Organization (EPFO) in India. It is used by employees to claim benefits under the Employees' Pension Scheme (EPS), 1995. This form allows employees to withdraw benefits or obtain a scheme certificate, depending on their eligibility and employment tenure.
Purpose of Form 10C:
Withdrawal of Pension Contribution: Applicable for employees with less than 10 years of service who wish to withdraw their accumulated EPS amount.
Scheme Certificate
case of joining a new job).
Settlement of Pension: For employees who are 58 years or older and are eligible to claim the pension benefits.
Eligibility Criteria:
Employees who are members of the Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS).
Those who have completed at least 6 months of service but less than 10 years under EPS.
Individuals who have left their job and do not plan to work again.
Information Required in Form 10C:
Personal Details: Name, date of birth, and marital status.
Employment Details: PF account number, joining and exit date, and establishment code.
Bank Details: For crediting the withdrawal amount.
KYC Information: Aadhaar number, PAN, and UAN (Universal Account Number).
Documents Required:
A copy of the EPF Member Passbook.
Identity and address proof (Aadhaar, PAN, etc.).
A canceled cheque or a copy of the passbook for bank account details.
UAN details and employer certification (if applicable).
How to Submit Form 10C:
Online Submission: Through the EPFO member portal using the UAN.
Offline Submission: Submit the completed form to the regional EPFO office through the employer.
Benefits Claimed via Form 10C:
Withdrawal of pension contributions.
Issuance of a scheme certificate for future pension benefits.
Form 10C simplifies the process for employees to claim their pension benefits and provides financial security upon resignation, retirement, or job change.