Mr. Shekhar Kumar, please be informed that a PSB OFFICER will forfeit his past service on resigning the job per the BANK EMPLOYEES PENSION REGULATION 1995 & will not be eligible to get Pension. The bank will not pay the Bank’s contribution to PF which goes into the Pension Trust to fund the Pension.

Ans: Thank you for getting in touch with me on Rediff Gurus. It's understandable to feel frustrated and low after dedicating over two decades to your job, especially when you're contemplating resigning but feel constrained due to financial obligations like housing and gold loans. I would recommend that you to take some time to assess your current situation and explore all your options. Consider the reasons behind your frustration and dissatisfaction with your job. Are there specific aspects of your role or workplace environment that are contributing to your feelings of discontent? Understanding the root causes can help you make informed decisions about your next steps.

If you ultimately decide to resign from your current job, develop a plan for transitioning to a new phase of your career or life. Update your resume, network with professionals in your industry, and explore job opportunities that align with your skills, experience, and interests in banking, finance, consulting, and related fields. 

Finally, prioritize self-care and well-being as you navigate this challenging period. Take time for activities that bring you joy and relaxation, such as hobbies, exercise, spending time with loved ones, or pursuing personal interests. Maintaining a healthy work-life balance and attending to your emotional and mental health are essential for resilience during times of change and uncertainty.

Remember that you're not alone in facing these challenges, and there are resources and support systems available to help you navigate this transition. Take things one step at a time, be patient with yourself, and trust that you have the resilience and strength to overcome obstacles and find fulfillment in your career and life. Best of luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.

Ans: No.

The pension(EPS) amount is withdrawable only if the employee's service period is less than 10 years.

Ans: Take eps scheme certificates from your previous employer and submit it to epfo thru your current employer.

Always take eps scheme certificate from the employer whose services you have quit and furnish it to the new employer so that EPS contribution is intact and keeps growing through current employer contribution.