Form 10C | Meaning and Definition

Form 10C is a document that must be completed and delivered for receiving Employee Pension Scheme benefits (EPS). A modest portion of the cash is transferred to the Employee Pension Scheme every month. Form 10C can be used to withdraw the money from the fund. Employees can use Form 10C to get a hold of the money they’ve saved over the years without having to worry about losing it. 

Requirements For Form 10C

All participants of the EPS plan who meet the following conditions are eligible to apply: 

  • An individual who has left a job before completing ten years of service and has reached the age of 58 before completing ten years of service.
  • An individual who has completed ten years of service but has not yet reached the age of 50, or a member who is between the ages of 50 and 58 and refuses to accept a decreased pension.
  • Relatives of a person who died before completing ten years of service and was above 58 years old at the time.