Now, Withdraw From Pension Account Without Aadhaar

Aadhaar not mandatory for withdrawals under EPS, says EPFO.

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Retirement fund body EPFO has allowed full and final withdrawal of funds by the subscribers from their pension account without providing Aadhaar number.

"All those members filing claims for withdrawal of funds from their pension account would not be required to submit Aadhaar as mandated in an earlier order of the EPFO," a senior official said.

Who can submit the claim?

The members with less than 10 years of service can submit a full and final settlement claim through Form 10C to withdraw the amount accumulated in their pension account. However, the official said that the members submitting claims for fixing their pensions using Form 10D would be required to submit Aadhaar number or enrolment slips. Things You Need To Mention In Non-Aadhaar Composite Claim Form

Reason for new rule

Explaining the reason for giving this breather to the members, the official said, "The requirement of submitting Aadhaar number under Form 10C claims led to issues in settlement of withdrawal cases. Thus, it is decided that obtaining Aadhaar should be mandatory for the time being only for a pension (fixation under 10D Form) and not in withdrawal cases (under Form 10C)."

Aadhaar mandatory

Earlier in January, the Employees Provident Fund Organisation (EPFO) has made it mandatory for pensioners as well as subscribers to submit Aadhaar numbers for continuing the benefits under its various social security schemes. Later in January, the body had also made it mandatory for members to furnish Aadhaar number while submitting claims for settlement of their pension accounts under Employees' Pension Scheme 1995.

March 31 deadline

Earlier this month, the EPFO had extended the deadline for submitting the Aadhaar number by its members as well as pensioners till March 31, 2017. Aadhaar Must For EPF, Deadline Is March 31

EPFO to go online

EPFO is expected to launch online facility for settlement of claims, including EPF withdrawal and pension fixation, by May this year to put an end to tedious paperwork by its members. EPFO Made PF Withdrawal Easy: Here Are Facts To Know

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Read more about: aadhaar, epfo, pension
Story first published: Wednesday, March 1, 2017, 10:58 [IST]
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