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PDF Editor FAQ

How can we withdraw the pension contribution from a PF account?

Theoretically Yes you withdraw only the pension contribution in PF if you have worked less than 10 years and you are doing online withdrawal.For online withdrawal you should meet the following conditionsYou should not be working at the time of submission of the claim in an establishment that is covered under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.A claim for the purpose of final settlement can be submitted only after 2 months of the last date of employment.Your Aadhaar and PAN VerifiedYour previous employer should have updated your Service History with Date of Exit(DOE) of EPF and EPS.Please verify your bank account number. As money is transferred to your bank account.When you withdraw online you need to submit 2 claims, one for Form 10C(Only pension) and one for Form 19(Online EPF) as shown in the image below.For offline withdrawal it is not possible because you need to submit a form which is composite for 19,10C , 31as shown below

What is employees' Provident Fund in India?

The Employees’ Provident Fund in India is a scheme that allows employee to build up a retirement corpus while in service. This scheme is directed by the following three acts:Employees’ Provident Fund Act, 1952Employees’ Deposit Linked Insurance Scheme Act, 1976Employees’ Pension Scheme Act, 1995The amount is contributed by both the employee and the employer, and it is 12% of the total salary. If you wish to contribute more than 12%, you can. In that case it will be known as VPF, or voluntary provident fund.Coming to the company perspective, if a company has more than 20 employees it has to maintain EPF account.You can know more about EPF from this guide that I referred to for my answer - EPF-The Complete GuideImage Credit - Expedite online disposal requests, directs Employees Provident Fund Organisation - Sentinelassam

What is the rate of interest on the Employees' Provident Fund (EPF) for 2018-19?

EPF interest rate for FY 2018-19 was 8.65%. 0n 5th Mar 2020, EPF Rates were Slashed to 7-Year Low of 8.5% for FY2019–20 from 8.65% of 2018-19. EPF Interest rate over the years is shown in the image below, from our article EPF Interest Rate from 1952, How does EPFO earn to pay interest

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