Form 10C: What is it?
Employees can apply for benefits under the Employee Pension Scheme (EPS) using Form 10C. It enables people to keep their participation in the plan or withdraw pension contributions. Through EPFO, the form can be filed offline or online.
In summary, Form 10C is a crucial document that is utilized to submit a pension benefit claim under the Employee Pension Scheme (EPS). It is especially designed to give workers the option to withdraw or keep their pension benefits if they quit their jobs before ten years of service or retire before fulfilling certain qualifying requirements.
The form can be turned in in person at a regional EPFO office or online via the EPFO portal. The EPFO processes the application after the necessary paperwork is submitted, and the employee’s bank account usually receives the pension amount in 5 to 30 days.
