Form 10C

What Is Form 10C?

Form 10C is an official paper used in India to obtain benefits from the Employees' Pension Scheme (EPS), regulated by the Employees' Provident Fund Organization (EPFO). EPS stands for Employees' Pension Scheme, which gives pensionary entitlements to the employees under the Employees' Provident Fund (EPF) scheme on retirement, contributions to the provident fund, and the death of subscribers falling under the specified categories.

Employees submitted Form 10C to get a drawback benefit from their earnings of previous years, otherwise known as EPS. This benefit is granted to the employee who has completed at least ten years of eligible service and is not eligible to actuate their EPS scheme by the authorization to receive a monthly pension.

An employee who desires to get the withdrawn amount from EPF should submit a duly filled Form 10C either to their employer or the EPFO branch directly. Here, they must mark their personal details, including EPF number, date of joining and leaving, and why the EPF amount is being withdrawn.

Example Of Form 10C

To see how Form 10C was applied, we can look at an example where Sarah, a worker at a manufacturing company, wants to withdraw her pension money after leaving her job. Sarah fills in Form 10C with her personal details and EPF account number, including his employment history. She completes the form and sends it to her company, which will finally forward it to the EPFO office for the latter to process.

In particular, Sarah's case, who has exceeded ten years in service, but she is ineligible for a monthly pension. From there, she will get it to Form 10C to withdraw a benefit from her pension account. The EPFO cross-checks the information in the application form and places the settlement amount in Sarah’s bank account.

It expresses how Form 10C allows retirees like Sarah, who did not qualify for monthly plans under the EPS, to draw out their pension contribution and continue enjoying their lives even in retirement. Sarah can apply for the withdrawal of her retirement savings via the indicated Form 10C and thus obtain funds to address her financial needs.