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I've Withdrawn EPS Twice, Can I Avoid It Again?

Milind Vadjikar |1114 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Nov 22, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Question by guru on Nov 16, 2024Hindi

Money

I have worked in 2 company's, at 1 company they remitted eps even though am not eligible for pension scheme becouse of higher wages, second company also contributed to eps, by submitting nesesary documents i withdrawn both epf and eps amount from both the accounts, now the problem is, if I started a new job in a company how can I approach the company to not contribute on eps, what if contribution was made again because of eps account? Please help me ????

Ans: Hello;

You can talk to the HR team of your new employer and discuss these aspects. Submit a written request over mail/letter, if need be.

Check with you peers in the new establishment.

Such errors are not expected from professional organisations.

Best wishes;

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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My question is regarding to eps pension I have completed 14 year service the same company 3 pf account .asper our co norms 55 years was my retirement ie 30.05.2020 but my retirement was given 30.11 2020.and given reappointment from 02.12.2020 and pf and epf deducted and deposited uptpo 31.05.2021 old pf account. 01.06.2021 onwards a new account opend and all amount transferred to new account My contract perod end 30.11.2022. I withdraw my pf account. Now I applied eps claim rejecting due to Joining date wrong as contribution current Co. Pl advice your help Thanks 2 my

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You may change your service record in EPFO system through your current or previous employer after furnishing all documentary proofs substantiating your claim.

Best wishes;

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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