EPF: Which claim form you should use? An explainer

1 week ago 6

Copyright &copy HT Digital Streams Limited
All Rights Reserved.

1 min read 09 May 2024, 04:54 PM IST checkcibilBtn

MintGenie Team

When you are looking for an beforehand from provident money account, past you request to use for composite signifier (aadhaar). And erstwhile you privation to settee pension money aft crossing 58 years of service, you tin use successful signifier 10D

Subscribers request   to use  successful  antithetic  forms for antithetic  purposes Premium Subscribers request to use successful antithetic forms for antithetic purposes

If you are an EPF subscriber, and are looking for the withdrawal of funds from your account, past you request to use successful a prescribed format.  

There could beryllium aggregate circumstances specified arsenic portion looking for an beforehand from provident money (PF) account, oregon portion wanting your LIC argumentation to get financed done your PF account, and truthful connected and truthful forth.

Let america recognize which signifier you would request successful which situation.

Different forms to use

I. When you are looking for an beforehand from provident money account

In this lawsuit you request to use for a composite signifier (aadhaar).

II. When bash you privation LIC argumentation to beryllium financed done my PF account?

For this you request to use successful signifier 14. 

III. Want to settee a pension money arsenic I person crossed 58 years of work and person completed 10 years of eligible service?

You tin use successful signifier 10D. And successful lawsuit you person not completed 10 years of eligible work arsenic connected 58 years of property past you tin use for composite assertion signifier (aadhaar) and composite assertion signifier (non-aadhaar).

Meanwhile, successful different news, EPFO has announced to enactment the enhancement of gratuity connected relationship of summation successful dearness allowance (DA) in abeyance with contiguous effect. 

Government has raised further dearness allowance (DA) and dearness alleviation (DR) to cardinal authorities employees and pensioners effectual January 1. 

The DA was raised from 46 percent to 50 percent of the basal wage oregon pension. This was acceptable to payment astir 4.9 cardinal authorities employees and 6.79 cardinal pensioners, costing the exchequer full of astir 12,868.72 crore.

ALSO READ: Cabinet approves 4% hike successful Dearness Allowance for authorities employees

The determination of raising the DA and DR was taken successful the tally up to wide elections and was aimed to soften the interaction of ostentation connected authorities employees and pensioners. 

Additionally, EPFO has released a circular announcing a caller email ID with regards to NPS related matters. The caller email id is epfohq.nps@epfindia.gov.in. This was announced successful a circular released connected May 3, 2024.

Unlock a satellite of Benefits! From insightful newsletters to real-time banal tracking, breaking quality and a personalized newsfeed - it's each here, conscionable a click away! Login Now!

Catch each the Business News, Market News, Breaking News Events and Latest News Updates connected Live Mint. Download The Mint News App to get Daily Market Updates.

More Less

Published: 09 May 2024, 04:54 PM IST

Next Story footLogo

Read Entire Article