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Ramalingam

Ramalingam Kalirajan  |7758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 01, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Mar 24, 2024Hindi
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Hi sir I Worked in Tata steel from 1991 to 2007 during this period my Contribution with PF each month at the end leaving time my total contribution amount rs 3,15000/-, i have also My PF Account number also. But I don't have my UAN numer. I want to know shall i get My Pension without UAN number ? If yes how much pension i will get. My Last Basic plus DA @ 14000/- Thanks

Ans: You might be able to get your PF amount without a UAN, but the process will likely be slower and more manual. Here's what you can do:

UAN Requirement:

The Universal Account Number (UAN) has become increasingly important for managing Provident Fund (PF) accounts in India. It simplifies the process of tracking and managing your PF across different employers.
Getting Your PF Amount:

UAN Activation: Try activating your UAN first. You can do this on the Employees' Provident Fund Organization (EPFO) website https://www.epfindia.gov.in/ using your PF account number and other details. If you don't remember your details, you can initiate the 'Forgot Password' or 'Forgot User Name' option to retrieve them.
UAN not Available: If UAN activation isn't possible, you can apply for PF withdrawal using Form 19 (Claim Settlement Form). This is a manual process and might take longer. You can download Form 19 from the EPFO website and submit it to your previous employer, Tata Steel's PF department.
Pension Eligibility:

To be eligible for a monthly pension under the Employees' Pension Scheme (EPS), you must have worked for at least 10 years and have contributed to the EPS during that period.

Pension Amount Calculation:

Formula: The exact pension amount is calculated using a formula that considers your EPS contributions, service duration, and a factor determined by the EPFO.
Estimate: Given your last basic salary of Rs. 14,000 and contribution period (1991-2007), your monthly pension could be around Rs. 5,000- Rs. 7,000. This is a rough estimate, and the actual amount may differ.
Next Steps:

Contact Tata Steel PF Department: Get in touch with the Tata Steel PF department to initiate the claim process. They can guide you on the specific steps required based on your situation and whether a UAN is mandatory in their current process.
EPFO Helpline: You can also call the EPFO helpline at 1800-118-4545 for assistance with PF and pension claims.
Remember, having a UAN simplifies the process. If activating your UAN isn't possible, be prepared for a potentially longer wait time for your PF withdrawal using the manual Form 19 method.
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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NEET, Medical, Pharmacy Careers - Answered on Feb 01, 2025

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I have completed my msc in biochemistry n now doing internship but I am confusing about my future because I see this field don't pay me inuff for life even for future... N don't have more jobs in Maharashtra. I don't like production jobs but in Pharma only production pay much so what can I do .. Can u suggest me which job is high payable after Msc biochemistry
Ans: Hi Nandu,

Greetings!

Could you please let me know which year you completed your course and whether you are currently doing an internship or apprenticeship? An internship is part of the curriculum, where students gain practical training, sometimes with a stipend and sometimes without. After completing your course, you can opt for an apprenticeship, which typically lasts one to one and a half years and includes a stipend, usually split 50%-50% between the industry and government.

If you are in the internship phase, please inform me about the specific field you are working in. Initially, you may not expect a high salary, but after gaining expertise in your field, your compensation will improve. Typically, this takes about three years, so it’s important to focus on skill acquisition for a better future.

If your internship aligns with your field of study, I encourage you to continue and consider starting a medical lab or exploring opportunities in medical devices related to biochemistry. However, pursuing a career in pharmaceutical production may not be suitable for you, as it is a different field, and you may find it challenging to grasp the processes involved since you are currently inexperienced in that area.

Please share the specific field of your internship, and I would be happy to provide more tailored advice.
with regards

Poocho. Life Change Karo!

...Read more

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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