EPFO Form 10C
EPFO Form 10C is a form issued by the Employees’ Provident Fund Organization (EPFO) in India. It serves a specific purpose related to provident fund withdrawals. It is used by employees to claim benefits under the Employee’s Pension Scheme (EPS) 1995, which is a part of the Employee Provident Fund (EPF) scheme in India.
Form 10C can be used by employees who are eligible for pension benefits as per the rules of the EPS. Generally, to be eligible, an employee should have completed at least 10 years of service and should not be eligible for a pension under the Employees’ Pension Scheme, 1971.
EPFO Form 10C Uses:
- Pension Withdrawal: The primary use of Form 10C is to facilitate the withdrawal of pension benefits accumulated by employees under the EPS.
- Exiting Employment: Employees can use this form when they leave employment and become eligible for pension benefits under the EPS.
- Financial Support: Form 10C provides financial support to employees after retirement or cessation of employment, ensuring a steady income stream in the form of a pension.
- Documentation: It serves as a formal request from the employee to the EPFO for the withdrawal of pension benefits, providing a documented record of the transaction.