Sports as career:So your child wants to be cricketer,badminton player

Beta what do you want to become when you grow up?”, asked an Aunt to a 7 year old. Pat came the reply “Dhoni”. Father beamed, “He loves cricket, Did you check my Facebook page I upload his scores in matches, photos” Fast forward few years, child is turning 12-13, child still wants to play cricket but his father or mother says”I have put him in the coaching camp. Its a good hobby. But Everybody can’t become Dhoni! It is few more years then he has to focus on his 10th and become an engineer.  This article talks about the early years of a child in India, The middle year of child of getting interested in Sports, Money spent on playing sports like Swimming,cricket,badminton. Alternate career options in Sports, Journey of PV Sindhu.

Early Years of Child: Exposure to activites

No child is born gripping a cricket bat , a chess pawn, a stethoscope, computer. Parents expose their children to all kinds of things at a young age whether is it athletics,art, musical instrument or a sport(at times overloading them). It is a foundation stone of good parenting(not the overloading part), to ensure a wholesome development as well as a memorable childhood. The key to a healthy development lies in identifying your child’s interests and ensuring a parent does not force him or her into anything which they do not like. Most children grow up playing cricket, football, basketball and badminton. Few play hockey, volleyball and tennis. Not only is playing sports is brilliant form of physical exercise, sports teach kids teamwork, dedication, and diligence. They build confidence and character and also teach them how to overcome obstacle. A child should play a number of sports initially and then narrow down on one. Shikhar Dhawan started playing tennis and food ball and he was good at all of them.Learning period in sports extends from age of 5 to 18 years. At the age of nine you can play live sports and focus on one by the time you are 14.

Middle years of Child: Interest in Sports

Should you, or should you not? This is a question that most parents face when it comes to dealing with their children— whether the kids are asking for permission to go on a sleepover at a friend’s place, asking for money to buy something, or—yes—even asking whether they can get into a sports academy. Parents are the first talent spotters a child encounters and as such their role is very important. Once a child starts taking active interest in a sport, question that a parent faces is whether to admit child to a reputed coaching academy where he can play the same regularly hone his skills and find out how he fares in relation to others. Many children who show interest begin with a small cricket club near his house. As he started doing well, his coach  says “Yeh lambi race ka ghoad hai ” (He is cut out for the big league). Admitting a child in a sports academy is no guarantee for a career in sports. 

Pin It

Facts about Partial Withdrawal of NPS Corpus

With an increase in the lifespan comes the additional burden of achieving financial independence post retirement. Pension plans are devised to facilitate the sustainable living of people beyond their working years. The need to create an Indian alternative to the 401k retirement fund option available in the United States of America gave rise to the National Pension System which is regulated by the PFRDA (Pension Fund Regulatory and Development Authority). This article talks about Partial Withdrawal of NPS Corpus.

Why should I choose the National Pension System?

It is a system which encourages continual savings during work years to create a sizeable corpus post retirement, and acts as a saving investment tool. Created by the government in order to encourage savings and enable financial security post retirement, this scheme has several benefits to offer even to low income earners.

What is NPS Corpus?

Regular investments create a pool in the NPS account, which is designed to support you with pension in your senior years.

The NPS corpus refers to the accumulated amount invested in the account over the years. A minimum of 40% of the total corpus must be converted to an annuity at the time of maturity. This annuity is beneficial in generating a regular monthly pension.

A major NPS tax benefit under Section 80CCD is an additional tax deduction of Rs. 50,000 contributed to the account during any financial year. At the time of maturity, the withdrawal of the 60% accumulated corpus, 40% is tax free.


  • Your accumulated corpus is Rs. 100
  • 40 goes towards the annuity scheme, and Rs. 60 is your maturity withdrawal amount
  • 40% of Rs. 100 i.e. Rs. Rs.40 is exempted from tax payment at the time of maturity

Partial withdrawals of NPS

What are partial withdrawals of NPS?

With the new modifications, it is now possible to make certain partial withdrawals under the National Pension System as opposed to the earlier rule which stated withdrawal only on maturity. One can only avail of this offering after being enrolled in NPS for minimum 10 years, and withdrawal can be up to a maximum of 25% of the contribution.

Another change in the NPS system is the creation of Tier II accounts, which one can enjoy after having the mandatory Tier I account. Tier I account is your primary NPS account, with restrictions in withdrawal. Tier II account acts as an additional savings tool, with no limitations on withdrawal, and can be used as a liquid version of the Tier I NPS account.

When can I make partial withdrawals?

Partial withdrawals can be made from Tier I account up to three times during the entire period, and must have a minimum 5 year gap between them. This is however, not applicable for critical illnesses.

Termed as ‘defined expenses’ the situations that allow one to withdraw partially include but are not limited to:

  1. Higher education for your children; it is applicable for legally adopted children
  2. Wedding of your children; it is applicable for legally adopted children
  3. Construction or the purchase of your house; this is only applicable for ‘first house’ purposes. The house can be in the benefactor’s name, or joint with their spouse.
  4. In case of critical illness; it extends to dependent parents, the spouse, offspring, and legally adopted children. Some of the conditions include
    • Cancer
    • Paralysis
    • Multiple Sclerosis
    • Heart Valve Surgery

How do I make a partial withdrawal in NPS?

Currently, the online support for making partial withdrawal claims is still in the developmental stage.

The process of application is elaborated below:

  1. If you intend on withdrawing before maturity period, you would have to do it the old fashioned way – through big banks that act as POP i.e. Points of Presence, which are integral to the process.
  2. While filling a withdrawal form, you have to mention the reason and attach some form of proof, as well as the percentage of sum you wish to withdraw.
  3. The bank shall verify your claim, and conduct a thorough check and subsequently passes it on to Central Record Keeping Agency (CRA).
  4. General claims are submitted within three working days, while an emergency critical illness claim is passed on the day of application itself.
  5. The CRA registers your claim and processes it.
  6. The amount is credited to your account within three working days.

Not only a tax saving schemes or investment, the National Pension System is also an extremely low cost and therefore wise financial product. To accurately chart out a financial plan, use a tax calculator which takes into account your age, income and other essential variables.

Pin It

What are Top Up and Super Top Up Health Insurance Plan

A person is bound to spend more money on medical as and when he grows old. To secure himself from the inflation and to protect against unseen outlays a person insures himself with a health insurance. What if the insurance cover is not sufficed for the cost actually incurred? Will you be okay settling the balance from your pocket? This article covers What is Top up Health Insurance Plan? How does Top Up health insurance plan work? What is Super Top up Health Insurance Plan?  Buying a Top up health insurance plan or a Super top up plan.

Top Up Health Insurance Plan

Many believe that their medical needs will be taken care of by the employers but have you ever wondered what if the coverage offered is not able to meet all your medical costs?  The present cover is comfortably high and I am healthy enough, or I can handle medical costs if anything happens.    Your present cover may be sufficient to pay for small illnesses, but there is always a chance it would fall short in case of a bigger medical emergency.  And not to forget that the employer’s health cover ceases to exist once you leave or retire. Many go for health insurance plans. But a bigger health cover, may not fit into everybody’s scheme of things. This is where Top Up Health Insurance Plan come in. They not only cost less but provide high coverage too.

Would you go on a long trip without a spare tyre or stepney . Until Thomas Morris Davies came up with the revolutionary idea of a keeping a spare tyre in the car in 1904, people back then dreaded punctured tyres. Health top up plan is like the stepney of a car. Once you exhaust the sum assured of your health insurance, the stepney or top up health insurance can be used for overhead. Top-up Health Insurance plans are good supplement to your primary health cover as they provide the benefit of higher insurance coverage at a marginally higher cost

What is a Top Up Health Insurance Plan?

To claim Top up health Insurance plan 2 conditions need to be fulfilled. The amount can be claimed only after the threshold limit of the plan is reached. For example if you take a Top up Plan of Rs 10 lakh but with threshold limit of Rs 3 lakh then

  • To claim Top up Insurance you must have a minimum bill of Rs. 3 Lakh. A top-up policy does not cover expenses up to threshold limit. In case, one did not have a base policy, one would have to bear the R3 lakh bill and top-up policy will cover amount beyond that.
  • The threshold amount needs to be realized in every single bill and not on the total number of bills.

Example of Having Only Top Up Health Insurance Plan

Pin It

When you have 2 UAN Numbers What to do?

The Employees’ Provident Fund Organisation (EPFO) has decided to deactivate all Universal Account Numbers (UANs) from which provident fund transfer has been effected to another PF account having different UAN. The earlier UAN would be simultaneously blocked for further use as per information on 21 Sep 2016. This article gives overview of UAN,Member Id, What to do when one has 2 UAN Numbers, How EPFO will handle duplicate UANs.

UAN, Member ID or EPF Number

What is UAN Number, Member ID and PF Number

UAN is Universal Account Number. The UAN is a 12-digit  number allotted to employee who is contributing to EPF.  It is expected that The universal account number remains same through the lifetime of an employee. It does not change with the change in jobs.   Universal number is a big step towards shifting the EPF services to online platform and making it more user-friendly.  Our article FAQ on UAN number and Change of Job discusses common questions on UAN number.

Member Id or Member Identification Numbers is the number given by EPFO to allow the employer to submit EPF money of employee. It’s like Employer opens an EPF account for its employee and contributes to that account every month. Member ID is the account number of employee in the EPFO. When the employee changes the job then the new employer will open a new account number for it’s employee in EPFO. So a new Member ID will be allotted to employee. Member ID is same as PF number earlier. So you would have as many Member ID’s as the number of employers contributing on your behalf to EPFO. 

Member ID or PF Account Number is in the format given below. PF Account Number may not have Extension code.

EPFO Office Code/Establishment Code(Max. 7 Digits)/Extension(Max. 3 digits)/Account Number (Max 7 digit)

Ex: For someone who works in Bangalore the code can be BG/BNG/012345//789

An employee will have one UAN or Universal Account number, which as the name implies will remain the same. It will maintain all your Member Ids.  Its like you can have multiple Saving Bank account but all these are tied to your one Permanent Account Number or PAN. So when you change your job and the new employer, if contributing to EPF, gives you a new Member ID.

How is UAN number allotted?

  • The EPFO will allot employers the universal numbers of all employees for which employer makes EPF contribution.
    • If the employee does not have a UAN number, probably because it’s his first job or he was working before Jan 2014 before  UAN number process started. Then employer will request the EPFO to generate the UAN number for its employee along with Member ID.
    • For an employee who already has a UAN number the employer will submit the request to EPFO to generate new Member ID for the employee and link it to the UAN number of the employee by submitting Form 11 filled by new employee.
  • The employer would then give the number to its employees, who need to provide their KYC (know-your-customer) details to the employer.
  • The KYC details of employees would then be updated online on the EPFO website by the employer.
  • An employee can also upload the scanned copy of the KYC document through the EPFO website once you are done with the UAN-based registration. However, your employer has to digitally verify your KYC details.

Every UAN will be linked to one or more Member Ids upto maximum of 10. It would help to track the EPF contribution throughout the entire career.

Change of Job and UAN number

What to do when one changes job. If  Universal Account Number (UAN)  s  already allotted then one is required to provide the same on joining new establishment to enable the employer to in-turn mark the new allotted Member Identification Number (Member Id) to the already allotted Universal Identification Number (UAN). This is done by Filling the  epf-NewForm-11-with-instructions(epf)  which replaces the old Form 11 and Form 13.  Part of Form which refer to Previous Employment details and Declaration by previous employer are given below. Our article EPF Form 11 on Joining a New Job discusses the Form 11 in details.

EPFO New Form 11 previous employer details sp one does not have 2 UAN

EPFO New Form 11 previous employer details

2 UAN alloted

When do you end up having 2 UAN?

There have been cases where duplicate UANs have been issued.

  • At the time of initial allotment, the employer has not furnished the date of exit in the ECR (electronic challan cum return) even if the member has left the employment and joined some other establishment. Thus, two UANs have resulted to such members for both the employments.
  • Secondly, at the time of joining the present employment, a new UAN has been allotted to the member due to wrong declaration by member/employer under the UAN programme.

How was the problem of 2 UAN alloted to same member was solved earlier?

In such a case, you are suggested to immediately report the matter either to your employer or through email to [email protected] by mentioning your current and previous UANs. After due verification the previous UAN allotted to you will be blocked and Current UAN will be active. Later you will be required to submit your Claim to get transfer of service and fund to new UAN. Our article UAN Problems, Password,Mobile Number,Incorrect Details and Help Desk discusses common problems associated with UAN numbers.

Many cases filing grievances have helped.

How would the problem of duplicate UAN be solved after Sep 2016?

The Employees’ Provident Fund Organisation (EPFO) has decided to deactivate all Universal Account Numbers  (UANs) from which provident fund transfer has been effected to another PF account having different UAN. The earlier UAN would be simultaneously blocked for further use. The move will eliminate the problem of duplicate UAN. Our article UAN or Universal Account Number and Registration of UAN discusses how to register UAN.

EPFO has asked it offices to identify such cases on periodic basis where the PF transfer has been effected from one EPF account to another, both having different UANs attached to these EPF accounts. The process would be implemented in respect of all identified UANs even when no request has been received from the member.

The member would be informed of the deactivated status of his previous UAN by SMS to the registered mobile number. The member would be requested to activate the new UAN to get the updated status of his EPF account.

However, it has said that there is a possibility of arrear payment by the previous employer for the member. In such cases, since the system knows the new UAN against deactivated UAN, the system would automatically populate the new UAN in the ECR (on punching of previous UAN or member ID by the employer) and the statutory contribution by the employer against the arrears can be remitted against new UAN only.

So if you have 2 UANs then?

You have a new UAN in addition to old UAN. UAN is registered with a mobile number, Don’t use the mobile number associated with old UAN to activate new UAN. You would not be allowed to do so. If you are activating the new UAN, use a different mobile number. Try to keep the old number till transfer of EPF & UAN happens as you would get information about old UAN to the mobile number.

If you have withdrawn your EPF and EPS then no need to do anything. Your first UAN is of no use. So you can just send mail to [email protected] to block your old UAN and keep a copy of mail, just in case.

If you have to transfer your old EPF account then Transfer the old EPF account associated with old UAN to new UAN.  Then during the periodic check, your old UAN number will be .Old UAN would be deactivated. The member would be informed of the deactivated status of his previous UAN by SMS to the registered mobile number. Our article Transfer EPF account online : OTCP  discusses transfer of EPF account in detail.

List of articles for an Employee:Earning,EPF, UAN,Study

Do you have you 2 UAN numbers? What did you try to rectify ? What do you think of this move of EPF on process of duplication of UAN?

Pin It

How to Fill EPS Pension Form 10D to claim EPS Pension

An employee can start receiving the pension under EPS only after rendering a minimum service of 10 years and attaining the age of 58 or 50 years.  In case of death / disablement, the above restrictions doesn’t apply. One has to submit Form 10D through last employer to claim Pension.  This article gives overview of EPS Contribution,Pension from EPS, how much EPS pension would one get,explains how to fill EPS Pension Form 10D to Claim your Pension from EPS.

Overview of Pension from EPS

Employees’ Pension Scheme (EPS) offers pension on disablement, widow pension, and pension for nominees. In 1995 EPS replaced the Family Pension Scheme (FPS) of 1971. When an employee joins an establishment covered under the Employees Provident Funds & Miscellaneous Provision Act, 1952 (s)he becomes a member of Employees Provident Fund Scheme (EPF) and  Employees’ Pension Scheme (EPS) . Our article Basics of Employee Provident Fund: EPF, EPS, EDLIS explains EPS,EPS in detail.

EPS Contribution, Transfer of EPF and Withdrawal from EPF/EPS

EPS Contribution

  • EPS is applicable to all members who joined EPF after 15.11.1995
  • 8.33% of employer’s monthly contribution from the EPF goes to EPS.
  • Monthly contribution to EPS is restricted to 8.33% of Rs. 15000 or Rs 1250 p.m.
  • Unlike the EPF contribution, EPS part does NOT get any interest.
  • On attaining 58 Years of age, a EPF member ceases to be a member of EPS automatically.
  • From 25 Apr 2016 one can defer pension upto 60 years with/without contribution
What Happens if you resign before completing 10 years of service?
For EPS, if the service period is less than 10 years, you’ve option to either withdraw your corpus or get it transferred by obtaining a ‘Scheme Certificate’. Once, the service period crosses 10 years, the withdrawal option ceases.
  • If you resign before completing 9 years and 6 months of service, you get the withdrawal benefit which depends on your monthly salary and the number of years of service. EPS always rounds up the number of years. So, if you worked for 4 years and 7 months, it will be considered as 5 years.
  • A member who has completed 58 years of / claimant on behalf of a deceased member who died after the age of 58 years without completing the eligible service of 10 years should apply for Withdrawal Benefit through Form 10C.

What happens to pension when you transfer a  job?

Technically, EPS and EPF are not linked . You can withdraw the EPF once you leave the organization after filling Form 19. But when you transfer the EPF using EPF Form 13, then EPS is also transferred. It’s amount is not reflected in the passbook. But period of transfer is recorded.

Pension from EPS

When can an employee start receiving a Pension? Our article  Understanding Employee Pension Scheme or EPS explains in detail.
  • An employee can start receiving the pension under EPS only after rendering a minimum service of 10 years and attaining the age of 58 or 50 years.  This is Called superannuation
    • If an employee is a member of Employees’ Pension Scheme. He/She has left employment at 48 yrs. of age and 8 yrs. of service. He will not receive any pension.
    • If employee is a member of Employees’ Family Pension Scheme and has left employment at 48 years of age with 12 years of service to his/her credit.  He/She will receive pension on reaching age of 58 years.An employee can  receive the pension under EPS only after rendering a minimum service of 10 years.
  • From 25 Apr 2016 one can defer pension upto 60 years with/without contribution
  • No pension is payable before the age of 50 years.
  • Early pension after 50 years but before the age of 58 years is subject to discounting factor for every year falling short of 58 years. This is called as  Before superannuation and one should not be in service.
  • In case of death / disablement, the above restrictions doesn’t apply.
    • Death can be while in service or while not in service.
    • Permanent disability means totally unfit for the employment which the member was doing at the time of such disablement
  • If member is alive, pension to member
  • If member is not alive, Pension to to spouse and two children below 25 years of age
  • For pension, withdrawal benefit, scheme certificate etc. application should be through ex-employer.
  • For pension, Form 10D is to be used. For withdrawal benefit & scheme certificate, fill Form 10 C.
  • Claim Form 10D should be submitted in two copies and in three copies(triplicates) if pension is to be drawn in other Region/Sub Region.
How long the pension is available?

Lifelong pension is available to the member. Upon his death, members of the family are entitled for the pension. Family means employees’ spouse and children below 25 yrs. of age. I

  • In case of death of member having family, pension is payable to (1) the spouse and (2) two children below 25 years of age. When a child reaches 25 years of age, the third child below 25 yrs of age will be given pension and so on.
    • If the child is disabled, he may get pension till his death.
    • In any case, only 2 children will receive pension at a time.
  • If member does not have family, pension is payable to single nominated person. One can change one nomination anytime within the framework of rules for such nomination. In other words if one has a family, nomination should be in favour of a member(s) of the family. If he/she has no family he/she can nominate anyone he/she wishes
  • If not nominated and having dependent parent, pension is payable first to Father and then on father’s death to Mother.
What happens if one applies for pension between 50 and 58 years?
  • No pension is payable before the age of 50 years .
  • You can opt for pension after 50 but will have to forgo 4% for every year before you turn 58.
What is the formula for calculating the monthly pension?
Under Employees’ Pension Scheme, the monthly retiring pension is decided on the basis of ‘Pensionable Service’ and ‘Pensionable Salary’ and is worked out as follows:
Minimum Pension you will get Rs 1,000. Our article How much EPS Pension will you get with EPS Pension Calculator explains it in detail with examples.
  • One can apply for EPS Pension from a date immediately following the date of completion of 58 years of age notwithstanding that the person has retired or
    ceased to be in the employment before that date.
  • Pension depends on number of years of your service.
  • Maximum Pension one can get is Rs 7,500  per month.
  • The Government has since Sep 2014 implemented minimum pension of Rs. 1000 per month to the member/disabled/widow/widower/ parent/nominee pensioners and Rs. 250 per month for children pensioners and Rs. 750 per month to orphan pensioners
  •  The EPFO  also suspended the enhanced pension payment to widows, children and orphans under the scheme. Under the modified scheme, the minimum monthly pension for widows has been fixed at Rs 1,000 and for children at Rs 250 per month. Similarly, the minimum pension entitlement for orphans has been fixed at Rs 750 per month.
  • Maximum service for the calculation of service is 35 years.
  • The fraction of service for six months or more is treated as one year and the service less than six months shall be ignored. So 9 years and 6 months will be rounded upto 10 years.
  • If no wage is earned for a certain period, that period is to be deducted from the service, as there will be no contribution to Pension Fund.
  • No pensioner can receive more than one EPF Pension. So if you have worked in multiple organizations you meed to consolidate all your EPS and then apply for EPS Pension. If you have multiple Scheme Certificate you need to submit all of those.
  • EPS Pension is taxable and has to be considered under the head Income from Salaries.

 Applying For EPS pension

How to apply for the EPS pension?

  • For pension, EPS Pension Form 10D should be filled.
  • The application should be forwarded through the establishment in which the member last served/died. The establishment should furnish the certificate and wage particulars duly attested by the authorized officer.
  • if the establishment is closed, the application should be forwarded through Magistrate/Gazetted Officer/Bank Manager/any other authorized officer as may be approved by the Commissioner.
  • With Form 10D, you will be required to attach the bank account proof [copy of passbook/canceled cheque] . For this, you must have an account in the bank, which is designated by EPFO for pension facility. For the details of such bank, you can visit your nearby EPFO.
  • Photographs of your family including you, your spouse and children below age of 25 yrs. Previously EPFO asks for 3 photographs, but now they are taking 4 photographs.
  • Age proof of the member and family, as in the photograph.
  • Any scheme certificate, issued earlier by any EPFO.
  • All the above documents and form should be attested by your employer, or any gazetted officer.
  • The form should be submitted in duplicate for home state and triplicate for out of state.

How long does it take to get Pension?

The claims, complete in all respects submitted along with the requisite documents shall be settled and benefit amount paid to the beneficiaries within thirty days from the date of its receipt by the Commissioner. If there is any deficiency in the claim, the same shall be recorded in writing and communicated to the applicant within thirty days from the date of receipt of such application. In case the Commissioner fails without sufficient cause to settle a claim complete in all respects within thirty days,the Commissioner shall be liable for the delay beyond the said period and penal interest at the rate of 12 per cent per annum may be charged on the benefit amount and the same may be deducted from the salary of the Commissioner.] 40. Ins. by GSR 376 dated the 27th October, 1997 (w.e.f. 8th November 1997)

How to Fill EPS Form 10D to claim Pension from EPS

This explains how to fill Form 10D to claim Pension from EPS.

Details in EPS Pension Form 10D

Filling EPS Pension Form 10D to Claim Pension

1 By whom is pension claimed?

  • MEMBER : one who has been contributing to EPF and EPS.
  • WIDOW/WIDOWER : wife/husband of someone who was contributing to EPF and EPS.
  • MAJOR : Child above 18 years of  one who has been contributing to EPF and EPS.
  • ORPHAN :
  • GUARDIAN :  if child of one who has been contributing to EPF and EPS is less than 18 then the Guardian.
  • NOMINEE : Nominee mentioned by member in EPF Nomination Form
  • DEPENDENT PARENT : Father/mother. If member has not nominated and has dependent parent, pension is payable first to Father and then on father’s death to Mother.

2 Type of Pension Claimed

  • SUPERANNUATION PENSION :By member on attaining 58 years age, whether in service or not
  • REDUCED PENSION: By member after the age of 50 years but below 58 years and having left service
  • DISABLEMENT PENSION: By member on leaving service on account of total and permanent disablement.
  • WIDOW & CHILDREN PENSION: By family (spouse and children) on death of the Member.
  • ORPHAN PENSION: By surviving son/daughter (of age up to 25 years as on date of death of member/spouse whichever is later) on the death or remarriage of the deceased member.
  • NOMINEE PENSION: By nominee declared by the Member through his/her Form 2(R) in case the member had no family (Spouse and children).
  • DEPENDENT PARENT: By the dependent father and mother of the deceased member who died without a family (spouse and children) and failed to nominate a person for pension.

3 Details

  • The name must be mentioned in BLOCK LETTERS.
  • Marital Status: Whether married/unmarried/widow/widower/Divorcee.
  • Date of Birth: In dd/mm/yyyy format.
  • Father’s Name and in case of a married female member, Husband’s name in BLOCK LETTERS.
EPS Pension Form 10D Job Details

EPS Pension Form 10D Job Details

4. EPF Account Number: The account number should have the Region Code (two alphabets), Office Code (three alphabets) code number (maximum 7 digits), extension (sub code, if any, maximum three characters) and account number (maximum 7 digits). The region codes have changed after creation of the multiple regions in some states, namely Maharashtra, Tamil Nadu, Karnataka, West Bengal, Punjab, Gujarat, Andhra Pradesh, Uttar Pradesh, Haryana and Delhi. For getting the correct Region and Office Codes, please visit Establishment Search facility provided under link for Employees through the  website

5. Name and Address of the Establishment where the member was last employed.

6. Date of Leaving service Indicate the actual date of leaving service in date/month/year form. If one has attained 58 years and continues to be in service. In such case indicate,” still in service”.

7. Reason of Leaving Service: If the reason for leaving service was on account of total and permanent disablement, as indicated by the establishment to the P.F. Office through Form 10/Form 5 (PS)/ECR (Electronic Challan cum Return) then only the member is entitled for Disablement Pension. In all other cases the actual reason for leaving service may be given.

8. Address for communication :Your address for communication

8A  In case of reduced pension (opted date for commencement of pension.)  If the member has left service before 58 years of age, has not completed 58 years age as on date of application and is ready for drawing reduced pension, he/she should mention the date from which /she wishes to get pension. The opted date cannot be prior to date of attaining 50 years age and date of leaving service.

Commutation and Return of Capital in EPS Pension Form 10D

Commutation and Return of Capital on superannuation was discontinued from 26-Sep-2008, (Notification Number GSR 688 (E) dated 26- 09-2008) in an attempt to curb the EPS deficit. So fill Sl. No.9, 10 and 11 of the form only if the date of start of member pension is before 26/09/2008 (cases where the application is being filed belatedly but the member is due for pension from such date)

Under the commutation of pension scheme, a retiring employee had an option to receive nearly 30% of his pension corpus in one go and draw monthly pension from his remaining corpus. Commutation is the option to receive a capital sum today instead of receiving a monthly pension for rest of your life. Rate of commutation  is upto 1/3rd of the Original Pension.  Suppose the original pension is Rs.600, the commutation value is Rs.20,000.  On commutation, the pension payable will be Rs. 400,

Return of capital on superannuation was the option to cash out the entire pension corpus i.e , employees had the option to get one-time cash by foregoing their monthly pension.

EPS Pension Form 10D Commutation and Return of Capital

EPS Pension Form 10D Commutation and Return of Capital

Family Details in EPS Pension Form 10D

As mentioned earlier Lifelong pension is available to the member. Upon his death, members of the family are entitled for the pension. This section is about details of the family. While the member pension is approved, the pension amount payable to the family (spouse/children) are also decided and in case of the death of the member as pensioner, the spouse/children/orphan will start getting the pension on submission of the death certificate and there will not be any requirement of processing of the widow/children/orphan pension again. In case of a deceased member, it has to be filled by the spouse/children.

The list of surviving family members of the Member, covering his spouse, all children should be furnished. The particulars of Guardian should be given in respect of each minor child, as of the date of application. In support of the age of children, age proof certificate obtained from the school or Registrar of Birth-death or E.S.I. Record, or Municipal authorities should be enclosed. In the case of Guardian other than natural guardian, a Guardianship Certificate should be enclosed.

13 Date of Death of member(if applicable). Applicable only in case the member is not alive. In support of the date of death, death Certificate should be enclosed.

Family details in EPS Pension Form 10D

Family details in EPS Pension Form 10D

Bank Details for EPS Pension in EPS Pension Form 10D

Pension is payable through any branch of certain Banks depending on place where the pensioner wants to receive pension. Hence Saving Bank Accounts should be opened only in the said Bank(s). The member, the spouse and children (minor or major) should also open S.B. A/cs in the same branch of the Bank. In case the claim is preferred by spouse, he/ she should give his/her S.B.A/c No. and also separate S.B.A/c No.s in respect of each child. S.B. A/c No.s of children who are below the age of 25 years (as on date of death of the member) should be given. On behalf of minor child, S.B. A/c opened in the name of minor and operated by the guardian of the minor and A/c No. should be given.

Whenever pension is opted from a place beyond the jurisdiction of the region in which the member was last employed, he should ascertain the name of the designated bank applicable in that Region and open a S.B. A/C therein. On sanction of Pension, intimation will be sent to the pensioner to contact the bank. The list of  Banks in which provision has been made for the retired employees drawing pension under Employees’ Provident Fund Organisation (EPFO) as per Press Information Bureau Aug 2015 is given below


EPS Pension Form 10D Bank Details

EPS Pension Form 10D Bank Details

Nomination Details and Scheme Certificates in EPS Pension Form 10D

In case of death of the member before attaining 58 years without leaving any eligible family members to receive the pension, the nominee as appointed by the member through the From 2 (Revised) already sent to the P.F. Office may apply, giving his particulars against this column. In case the member had no family and had died before appoint a nominee for pension, his/her dependent parent (father & mother) may apply for pension, pension will be paid to father and on his death to mother

As mentioned earlier For EPS, if the service period is less than 10 years, you’ve option to either withdraw your corpus or get it transferred by obtaining a ‘Scheme Certificate’. if you have obtained Scheme Certificate then you have to enter the details in this section.

EPS Pension Form 10D Nomination and Scheme Certificate Details

EPS Pension Form 10D Nomination and Scheme Certificate Details

16. If pension is being drawn under E.P.S, 1995  If the applicant is already receiving pension under Employees’ Pension Scheme, 1995 claim pension, the details should be furnished against this column.

List of documents to be submitted with EPS Pension Form 10D

17. List of documents to be enclosed along with EPS Pension Form 10D

  • Descriptive role of pensioner and his/her specimen signature/Thumb impression (in duplicate); (Form is enclosed with the Claim Form)
  • Photographs: The photographs should be attested by the employer or his authorized official, indicating the person, whom the photograph relates to and also the P.F. Account No. of the member, written on the verse and placed in a separate envelope.
    •  3 pass-port size photographs If claimed by the member Joint photo with spouse, there is no need to send photograph of the children.
    • If claimed by widow/widower the photograph should be sent for widow/widower and his/her two children (below 25 years) separately.
  • In the case of a member, who is permanently and totally disabled during the employment, he/she should undergo a Medical Examination before the Medical Board advised by the E.P.F. Office. However, the disablement should occur while in employment.
  • Cancelled cheque of the Bank where one wants to get Pension.

Employer Approval in EPS Pension Form 10D

The application should be forwarded through the establishment in which the member last served/died. The establishment should furnish the certificate and wage particulars duly attested by the authorized officer.

EPS Pension Form 10D Employer Autorization

EPS Pension Form 10D Employer Autorization

List of Banks where one can get EPS Pension

The list of  Banks in which provision has been made for the retired employees drawing pension under Employees’ Provident Fund Organisation (EPFO) as per Press Information Bureau Aug 2015 is given below

S.No. EPFO Regional Office Pension Disbursing Banks
1 Delhi (North) PNB, SBI, IB, UBI,  HDFC, ICICI, AXIS
2 Delhi (South) PNB, SBI, IB, UBI,  HDFC, ICICI, AXIS
3 Dehradun PNB, SBI
6 Jaipur PNB, Thar Gramin Bank, HDFC, ICICI, AXIS, SBBJ
7 Shimla PNB, SBI, AXIS
8 Ludhiana PNB, SBI, HDFC, AXIS
9 Chandigarh PNB, SBI, HDFC, AXIS, ICICI
10 Bihar PNB, BOI, HDFC
11 Meerut PNB, SBI
13 Hyderabad SBI, UBI, AB, HDFC, AXIS, ICICI
15 Nizamabad SBI, SY. BANK, Gramin BANK, UBI, AB, AXIS
16 Bhuvneshwer SBI, BOI, UCO Bank, HDFC, AXIS, ICICI
22 Coimbatore SBI, IB, IOB, HDFC, AXIS, ICICI
23 Kerala PNB, SBI, IB, IOB, CANARA, SY. BANK, FED.BANK, HDFC, AXIS, ICICI, North Malabar Gramin Bank, SBT
28 Jalpaiguri SBI, UBI, UCO, CBI, UBKG BANK
30 Guwahati SBI, HDFC, AXIS, ICICI
37 Ahemdabad SBI, DENA, HDFC
39 Vadodara SBI, DENA, HDFC

Download Form 10D 

Related Articles

Pin It

Disclaimer : This is an information based website, meant for providing assistance to it's readers. We do not hold any responsibility for mis-information or mis-communication.