Can I apply for a pension with less than 10 years of service?

To claim a pension under the Employees’ Pension Scheme, you need to complete at least 10 years of service. As a result, if you have completed less than 10 years of service, you will remain ineligible for pension claims.

How long does the EPFO take to process and settle pension claims?

It usually takes around 30 days to settle pension claims. However, if there are additional document requirements, it might take longer up to 2 months to process and settle pension claims.

What is the option for commutation of one-third pension?

If you are a retired individual (earlier a salaried individual), you can opt for one-third of your pension amount as a lump sum. Further, you can draw the remaining pension amount on a monthly basis.

How to transmit the Form 10D application?

Such an application form can be transmitted by bank managers, magistrate’s list, gazetted officers or authorised officials. The mentioned individuals are entitled to authorise the transmission solely.

Do I need my employer’s approval with EPS Pension Form 10D?

You will mandatorily need your employer's approval to verify the details of the monthly pension Form 10D online. In other words, the employer needs to sign the form to help you complete raising pension claims.

A Complete Guide to Claiming Your EPS Pension Using Form 10D

Name: What is Form 10D of EPFO
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Retired salaried individuals must submit Form 10D to claim their pension after turning 58 or upon retirement. This form serves as a crucial document, which requires employer approval to validate employment history and ensure a smooth pension disbursal. By obtaining this verification, retirees can secure their well-earned retirement corpus without hassle. Keep reading to find out more about Form 10D!

What Is EPF Form 10D for Pension Claim?

Salaried individuals have the provision to contribute to EPF (Employee Provident Fund) followed by the employers.

The Employees’ Provident Fund (EPF) isn’t a single scheme but a combination of three schemes. Along with the provident fund, it includes the Employee Pension Scheme (EPS) and the Employee Deposit Linked Insurance (EDLI) Scheme.

Salaried individuals can claim and withdraw EPS after retirement using Form 10D.

As a salaried individual, you can claim EPS after you attain the age of 58 years or after your retirement. Thus, members of EPF willing to claim a pension need to fill out this form to withdraw their pension contributions. If the member is deceased, the nominee will be liable to claim a pension using the same form.

Notably, the EPFO introduced EPS in 1995 to replace the Family Pension Scheme of 1971. EPS presently includes different types of pensions such as widow pension, nominee pension and personal disability pension.

The pension amount provided to salaried individuals after retirement is governed under the Employees Provident Funds and Miscellaneous Provision Act, 1952. This amount is determined based on the employee’s salary. To claim it, members can submit the required form either online or offline for a seamless process.

Steps to Fill Form 10D

Here is a step-by-step guide you need to follow in order to know how to fill out Form 10D:

Step 1: Personal Details

You need to fill in your personal details such as name, father’s name, gender, date of birth, address, contact information and Aadhaar details (if applicable).

Step 2: Employment Information

Ensure you fill in accurate employment history such as PF account number, joining date, date of leaving the organisation, employer’s name and the details of the organisation. Inaccurate details might result in delayed claim settlement and interrupted application process.

Step 3: Details of Pension Scheme

In this section, you need to enter the EPS membership number from your EPF passbook and the bank account details for a seamless pension payout.

Step 4: Declaration and Signature

You need to complete the process with a declaration and a signature. The declaration will confirm that the details you provided are accurate and true to your information. Your signature and the mention of the date will authenticate the application.

Documents Required While Filing Form 10D

When filing Form 10D to claim your pension, you must submit certain documents to ensure a smooth processing of your request. Here’s a list of the required information:

UAN number or EPF passbook
Aadhar number linked to your EPF account
Pension Scheme details such as the EPS membership number
Bank account details such as the account number and the IFSC code

How to Submit Form 10D?

You can submit Form 10D either online or offline in the following way:

Offline Submission:

Follow the steps below to submit the form offline:

Step 1: Visit your nearest EPF office and collect the form.

Step 2: Fill in the form as instructed.

Step 3: Submit the form in addition to the supporting documents to complete the process.

Online Submission:

Given below are the steps you need to follow in order to submit the form online:

Step 1: Go to the official EPFO website.

Step 2: On the dashboard, select the ‘Forms’ option.

Step 3: From the list of forms, find and download Form 10D.

Step 4: Fill in the necessary details and take a print of the downloaded form.

Step 5: Enter additional details manually to complete filling out the form and submit it.

Final Word

Form 10D is the document that you need to fill in to raise pension claims from the EPS account after retirement. You can submit the form online or offline based on your convenience to request your pension claims. Ensure you fill in the details of the form accurately to avoid delay in claim settlement and pension receipt. Timely settlement of claims can help you use your accumulated funds after retirement seamlessly.

As an alternative, if you want to maximise your income after retirement, you can book senior citizen fixed deposits with Stable Money-partnered banks offering up to 9.50% interest.