look news india
Employed people who contribute to EPFO every month must know about EPF Form 31 and 19, Form 10C and Form 10D. These are the forms which every EPFO member needs at some point or the other. All these forms are used for fund withdrawal. However, in 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 Form 31 and 19?
When you withdraw a part of your PF balance or advance PF to meet your financial needs during job, you need PF Withdrawal Form 31. It is also called EPF Claim Form 31. Withdrawal rules vary according to need.
When you have to withdraw the entire EPF fund, you use PF Withdrawal Form 19. It is also called EPF Claim Form 19. According to EPFO rules, any person can withdraw the entire amount of his EPF fund after being unemployed for two consecutive months or after retirement.
When is Form 10D used?
According to EPFO rules, if a person contributes to the EPF Pension Account (EPS) by working continuously for 10 years, then he becomes entitled to receive pension and this pension is given to him after retirement. In such a situation, to get the benefit of pension after retirement, he has to fill Form 10D. Apart from this, if a person is entitled to receive pension from EPFO in any other situation, then he will have to fill Form 10D.
Also know the need of Form 10C
If the tenure of the employee is not 10 years, then he can withdraw the money deposited in EPS at the time of full and final settlement of his EPF. In such a case, he will have to fill Form 10C. Apart from this, you can also use this form to get pension scheme certificate. Through this certificate you can transfer your PF balance from one company to another.