EPFO Pension Rules: Many of us works long life in private or government sector and everyone contributes in EPFO. The amount can be differ from hundreds to thousands, it depends on everyone’s salary. But after long service of 10, 15 or 25 you are investing in PF Pension and lastly you didnt get the Pension.
To avoid this big loss you must know the all new and old pension rules. Lets go now we will see how to get pension on time, whats the government process and all about EPFO Pension Rules.
New EPFO Pension Rules Importance
Lets take example you worked till 58 years of age approximately 27 years for a private or government sector and lastly you retire. If you think after completion of service you will starts crediting EPFO pension in your bank account then you are completely wrong.
Now new EPFO Pension rules are changed, Lets know in detail. As per new rules you firstly needs to submit a pension form to EPFO. Then Your form will gets verified, approved and after that only your pension will gets process.
New EPFO Pension Rules 2025
Now your pension will not be process or credit automatically. You will needs to fill and submit form 10D compulsory to get pension. You can submit this form offline by visiting PF Office or Online on EPFO website. But to complete the process and for final verification you must needs to visit the EPFO Office.
EPS or EPFO Pension Withdrawal
In Case if you worked less than 10 years for an organisation and your PF contribution is regular, then you will not get pension. In this case you will get total pension amount one time at the time PF withdrawal.
In other case if you completed your service more than 10 years or till retirement. Then you can not withdraw your pension amount but in this condition you can apply for monthly pension.
When will Pension gets credited
After Retirement or completion of your service you first want to submit 10D form. After submission of 10D form it will take approximately 1 week to month as per work load in government office. After verification and approval your pension starts getting credit in your bank account. But till the approval your total fund is applicable for interest of 8%.