EPFO Tips: Whether you want to withdraw retirement funds or take a pension, know which form will be useful for you..

Employed people who contribute to EPFO every month must know about EPF Forms 31 and 19, Form 10C, and Form 10D. These are the forms that every EPFO member needs at some point or the other. All these forms are used for fund withdrawal. However, in the case of fund withdrawal, all these forms are used for different purposes. Let us tell you when and where which form is useful for you.

When do you need Forms 31 and 19
When you withdraw a part of your PF balance or Advance PF to meet your financial needs during the job, then you need PF withdrawal form 31. It is also called EPF Claim Form 31. Withdrawal rules vary according to the need.

When you have to withdraw the entire fund of EPF, you use PF withdrawal form 19. It is also called EPF Claim Form 19. According to the rules of EPFO, any person can withdraw the entire amount of his EPF fund after remaining unemployed for two consecutive months or after retirement.

When is Form 10D used?
According to the rules of EPFO, if a person has contributed to the EPF pension account i.e. (EPS) by working continuously for 10 years, then he becomes entitled to get a pension and this pension is given to him after retirement. In such a situation, to get pension benefits after retirement, he has to fill out Form 10D. Apart from this, in any other situation also, if the person is entitled to get a pension from EPFO, then he will have to fill out Form 10D.

Also, know the need for Form 10C
If the employee's job tenure is not 10 years he can withdraw the money deposited in EPS at the same time while making a full and final settlement of his EPF. In such a case, he has to fill out Form 10C. Apart from this, you can also use this form to get a pension scheme certificate. Through this certificate, you can transfer your PF balance from one company to another.

PC Social media