What is EPF Form 10C? Meaning, Benefits, Eligibility

2022-07-30

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What is EPF Form 10C?

EPF (Employee Provident Fund) is one of the most popular retirement savings schemes for you if you are a salaried employee. Your employer’s EPF contribution is deposited in two parts – EPF and EPS (Employee Pension Scheme).

EPS is a pension account that receives a contribution from your employer only. Form 10C is a form that you will use for receiving your benefits from the EPS account. For this, you can either visit the nearest EPFO branch or visit their website to fill the form online.

When to Use Form 10C?

You can use form 10C to either withdraw the pension amount or commute your pension to the next employer. You can use the form to file a claim for the following:

Employer share refund
Scheme certificate
Withdrawal of EPS balance

Claiming Scheme Certificate:

You should claim a Scheme Certificate when you want to carry forward your EPS benefits/balance from your previous employer to the next.

Should I Withdrawal of EPS Balance?

Withdrawal of EPS balance is usually not a good idea if you wish to continue salaried employment. However, this option is available when your overall contribution period is less than 9.5 years, and you are below 50 years of age. Still, commuting your pension to the next employer is the best thing to do.

How to Submit Form 10C Online?

Here’s a step by step process to submit Form 10C online:

Log in to your member account using your UAN (Universal Account Number)
Click on ‘Online Services’ on the menu and select ‘Claim Form 10C, 19 and 31’
The next page shows your member and KYC status. Click on ‘Proceed Online Claim’ on this page
Choose the type of claim you want to make:
- Withdraw PF only
- Withdraw Pension only
Fill the claim form
Upon completion you will receive an OTP at your registered mobile number. Enter the OTP on the website to start your withdrawal

You will receive an SMS of the status of withdrawal and the amount will be transferred directly to your bank account.

Documents Required to Submit with Form 10C:

You will need to submit the form through the employer as the document needs signatures from both employee and employer. However, in the case where the employer no longer exists, you can get the form attested by a gazetted officer.

Submit the form along with the following documents at your nearest EPFO branch:

Blank passbook copy/cancelled cheque
Date of birth certificates of children when applying for scheme certificate
Death certificate if the member is deceased
Succession certificate for legal heirs of member
Re 1 stamp in case applying for withdrawal benefit through a bank

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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