Does EPFO Inform Subscribers at 58 to Claim Pension and How to Make the Claim?

Explore the process of claiming pension under EPFO, the importance of timely claims, and tips to maximise your pension benefits with complementary options like life insurance.
Check Life Insurance Policies
3 min
31-May-2025
The Employee Provident Fund Organisation (EPFO) plays a crucial role in providing financial security to employees post-retirement. When subscribers reach the age of 58, they are notified to claim their pension, ensuring they can access the funds they have contributed throughout their working years. Claiming your EPFO pension on time is essential to maintain financial stability during your retirement.

What is the EPFO pension claim process?

The process to claim pension from EPFO has been simplified to help subscribers access their retirement benefits seamlessly. Employees who meet the eligibility criteria, primarily reaching the age of 58 with sufficient contributions, can apply for their pension.

Steps involved in the pension claim process:

Check eligibility:

Ensure you meet the age and contribution requirements under the Employee Pension Scheme (EPS).

Submit the application:

File your claim online through the EPFO member portal. This involves completing Form 10D for monthly pension withdrawals.

Provide required documents:

Attach documents like your Aadhaar card, bank account details, and proof of age.

Verification and approval:

The EPFO verifies the submitted information before approving the claim.

Receive payouts:

Once approved, the pension amount is credited to your registered bank account regularly.

It is advisable to ensure all details are accurate and updated in the EPFO records to avoid delays in receiving your pension.

What is the age of 58 requirements and procedures for EPFO?

The age of 58 is a critical milestone under the EPFO pension scheme. At this age, subscribers become eligible to claim their pension, provided they have completed at least 10 years of service and contributions under the Employee Pension Scheme (EPS).

Subscribers are notified by EPFO to initiate their claim process. They must submit Form 10D along with required documents through the EPFO portal or their employer. The pension claim process is designed to ensure that retirees can access their financial benefits without unnecessary delays.

It is essential to complete the claim process promptly to avoid missing out on the benefits of a steady income post-retirement. Submitting accurate documentation and adhering to EPFO guidelines is crucial to a smooth pension withdrawal process.

Importance of making timely pension claims

Timely pension claims are vital for ensuring financial security after retirement. Delaying the process can lead to a gap in receiving your payouts, disrupting your financial planning and lifestyle. The EPFO’s notification at the age of 58 is intended to remind subscribers to act promptly and secure their benefits.

Making timely claims ensures:

Steady retirement income:

Filing your claim on time guarantees a seamless transition from active earnings to pension payouts.

Avoidance of financial stress:

Delays can result in financial strain, especially if you rely heavily on your pension for daily expenses.

Maximisation of benefits:

By claiming early, you can start enjoying the regular income from your EPFO pension as intended.

Reduced processing time:

Timely submission ensures faster approval and disbursement of funds.

Additionally, integrating life insurance and other retirement plans with your pension scheme can provide added financial stability. These options act as a safety net, protecting your family and ensuring long-term financial independence.

Common questions/queries and answers related to EPFO pension claims

What is the current retirement age under EPFO?

The retirement age for EPFO pension schemes is 58 years. At this age, subscribers can claim their pension benefits by filing the necessary forms and documents.

Why notify subscribers at 58?

The EPFO notifies subscribers at 58 to ensure they are aware of their eligibility and can initiate the claim process without delays. This helps retirees access their funds promptly.

What documents are required for an EPFO pension claim?

Documents typically include Form 10D, proof of age (such as an Aadhaar card or birth certificate), bank account details, and proof of service.

How long does it take to process a pension claim?

On average, the EPFO processes pension claims within 20 to 30 days, provided all submitted documents are accurate and complete.

Can the claim process be extended?

While the EPFO encourages timely claims, subscribers may face extensions due to incomplete documentation or pending verifications. It is advisable to keep records updated to avoid such delays.

How do you ensure to get full benefits of pension?

Maximising your pension benefits requires careful planning and timely action. While the EPFO pension scheme provides a strong foundation, exploring additional financial options can enhance your retirement income.

Tips to ensure maximum benefits:

File your claim on time:

Respond promptly to EPFO notifications and submit accurate documents to avoid delays.

Keep records updated:

Ensure your Aadhaar, bank account, and service details are accurate in the EPFO database.

Invest in complementary retirement plans:

Schemes like the National Pension System (NPS) or Unit-Linked Insurance Plans (ULIPs) provide additional growth opportunities for your savings.

Plan for inflation:

Consider investment options that offer inflation-adjusted returns to maintain your purchasing power post-retirement.

By integrating these strategies with your EPFO pension scheme, you can ensure a financially secure and stress-free retirement.

Conclusion

The EPFO’s notification to subscribers at 58 to claim their pension is an important step towards ensuring financial independence during retirement. Timely claims and accurate documentation are essential for receiving uninterrupted benefits. Planning early, exploring options like the NPS and ULIPs, and staying informed about EPFO procedures are key to maximising your retirement income. By taking proactive measures, you can secure a stable and fulfilling post-retirement life.

Frequently asked questions

How can subscribers claim their pension?
Subscribers can claim their pension by filing Form 10D through the EPFO portal, along with required documents such as proof of age and bank account details.

Why notify at 58?
The EPFO notifies subscribers at 58 to ensure they are aware of their eligibility and can initiate the pension claim process without delays.

How long does processing take?
Pension claims are typically processed within 20 to 30 days if all documents are complete and accurate.

What documents are required?
Documents include Form 10D, Aadhaar card, proof of service, and bank account details.

Can the claim process be extended?
Extensions may occur due to incomplete documentation or pending verifications, but timely submission helps avoid such delays.

Show More Show Less

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.

Explore and apply for co-branded credit cards online.

Invest in fixed deposits and mutual funds on the app.

Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.

Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.

Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.

Shop from over 100+ brand partners that offer a diverse range of products and services.

Use specialised tools like EMI calculators, SIP Calculators

Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Life Insurance Corporation of India (LIC), Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Company Limited, HDFC ERGO General Insurance Company, TATA AIG General Insurance Company Limited, ICICI Lombard General Insurance Company Limited, New India Assurance Limited, Chola MS General Insurance Company Limited, Zurich Kotak General Insurance Co. Limited , Star Health & Allied Insurance Co. Limited, Care Health Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited and Manipal Cigna Health Insurance Company Limitedunder the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.

Show All Text