The Employees’ Provident Fund (EPF) is a retirement benefits scheme that is available to all salaried employees in India, managed by the Employees’ Provident Fund Organisation (EPFO). One of the forms that is used in the EPF scheme is Form 10C. In this article, we will discuss what is Form 10C its benefits, eligibility criteria, how to download it, how to fill it, and the documents required.
What is Form 10C?
Form 10C is a must submit form to EPFO (Employment Provident Fund Organisation) by the employees when withdrawing pension. EPS (Employees’ Pension Scheme) is a retirement benefit scheme in which you invest a portion of your monthly salary, and the employer also contributes an equivalent amount to the employee’s EPS accounts. The contributions made by your employer towards your PF account are segmented into EPF funds and EPS funds. The part of the contribution from your employer that goes into the EPS scheme can be withdrawn by using Form 10C.
Eligibility to apply for Form 10C
The eligibility criteria for the three types of members are illustrated in the table below.
Sr No. |
Eligibility criteria I |
Eligibility criteria II |
Eligibility criteria III |
1 |
If you have left your job before completing 10 years of service |
If you have completed 10 years of service when leaving your job but are under 50 at the time of applying |
Family /nominee/legal heir of a member who passed away after turning 58 before completing 10 years of service. |
2 |
If you turned 58 before completing 10 years of service |
If you are between the age of 50 to 58 years and do not want a reduced pension |
- |
Benefits of Form 10C
Scheme certificate: If you have worked for over 9.5 years and are under 50 years old, you can obtain a scheme certificate. This certificate preserves your past service record when you switch jobs, even between different organisations.
Withdrawal benefit: If you have worked for less than 9.5 years and are under 50, you can apply for a Withdrawal Benefit. This allows you to access your pension funds since you do not yet qualify for a pension.
Note: Withdrawal Benefit is not applicable if you have been a member for less than 180 days (excluding any non-contributing period).