The workers should contribute equally to the EPF, whether from the private or government sectors. The firm matches the up to the same Employee Provident Fund contribution for each staff.
Workers may get these assets if they retire or lose their jobs. Filling out and submitting Form 19 can get you access to your EPF account balance under certain conditions. So, let’s explore more about Form 19 PF Final Settlement and more in the article below.
What is PF Form 19?
PF Form 19 must be filled out and submitted by the employee to obtain a final and comprehensive settlement of their EPF account. Workers who haven’t yet issued a UAN may fill out this form.
You may submit Form 19 without a UAN if you only record your PF account number. You will require this form to select pension withdrawal benefits or resolve a disagreement with your EPF account. You may choose from several PF withdrawal forms depending on your specific requirements.
How to Download EPF Form 19?
To get the PF form 19, please follow these steps:
- Visit the EPFO website to learn more about the organisation. Go to https://www.EPFindia.gov.in/ to visit the EPFO website.
- Navigate to that section of the website to get the forms. You could see this section labelled “Downloads,” “Forms,” or something similar. On most websites, you may find it in a prominent spot on the homepage or in the main menu.
- The PF form 19 may be found in the forms section since EPFO forms are normally organised in a sequential way, you may find EPF Form 19 in that section.
- Locate EPF Form 19 on the website and click on it to download it. The form is often available in PDF format. The form may be downloaded to your device by clicking the link or button.
- Put the downloaded form in a location where you will have easy access so you may print it out later.
- Open the EPF form 19 you downloaded. Please fill out the required fields with accurate and relevant information. Complete all relevant fields by following the form’s instructions precisely.
- You may email the PF withdrawal form 19to the appropriate parties for evaluation after you’ve completed filling it out. You may either submit the form online at the EPFO site or visit the EPFO office in person; withdrawing funds from your EPF account will vary according to your job and location.
Who Should Fill PF Form 19?
If you are a PF account holder, you are required to complete and submit EPF Form 19. After you leave your job or retire, all you have to do to access your EPF funds is fill out this form.
A two-month-old unemployment record is also required for this PF withdrawal form 19 to be used for withdrawals if the individual is a recent employee who has just left their job.
However, if you switch jobs, your PF balance will be moved from your old employer’s account to the one at your new one.
When you can fully pay your EPF account, fill out form 19 in PF. The form may also get a non-refundable advance from PF in addition to withdrawing pension contributions.
The first two choices are available if you leave your job for any reason, including retirement. However, certain requirements must be met before the final choice is used for serving.
What are the Details to be Filled in PF Form 19?
Workers are required to provide the following precise information on Page 19 of the PF, a two-page document:
- The IFSC code and the number of the bank account linked to your current job (this account has to be the one your company has on file)
- The information on your PAN card.
- When your employment begins and ends.
- Along with your personal details (name, DOB, father’s name, address, and company name), additional fields (explanation for leaving service, full postal address, preferred payment method (bank details, money order, or check), and a revenue stamp (INR 1.00) must be filled out.
- You must provide a blank, cancelled check to confirm your bank account.
How to Fill Form 19 for PF Withdrawal?
Some of the steps to fill form19 for PW Withdrawl:
- The first step is to access the EPF Member portal at https://unifiedportal-mem.EPFindiavn.org/.
- Input your UAN, password and captcha on the login page to access the site.
- In addition, please choose the “Claim Form – 31, 19, 10C & 10D”, under the “Online Services” submenu.
- Agree to pages 31,19,10c, and 10d of Form 32 as your information will be automatically filled up with your name, date of birth, father’s or husband’s name, contact information, know your customer (KYC) info, and service information.
- Please input the last 4 digits of your bank account number in the text box to validate your account details. Click the “Verify” button.
- Make sure you verify your accounts, especially the EPS, EPF and Date of End (DOE) accounts. Then, enter the required data in these accounts.
- Tap “Yes” on the “Certificate of Undertaking” signing link.
- In the “I want to apply for” box, choose “Only PF Withdrawal (Form 19)”.
- Fill out the disclosure box and input your full address after that. Thereafter, tap on the “Aadhaar OTP” option.
- An OTP will be sent to the registered cell phone number. ‘OTP’ stands for ‘One-Time Password,’ a multifactor authentication method for added security during the verification process. Insert the OTP that was sent to you into the desired field.
- The money from the PF withdrawal will be transferred to the UAN bank account attributed to you.
Prerequisites of Filling Form 19
Before you send in form 19 in PF to ask for a withdrawal, make sure you have everything listed below:
- You may activate your UAN on the EPF Member site.
- Make sure your bank account is linked to your UAN and PAN.
- Sign up for UAN.
- Obtaining a final settlement requires a PAN.
Benefits of PF Form 19
The “Employee’s Provident Fund (EPF) Final Settlement Form,” or PF Form 19, is what an employee needs to cash out their EPF account when they finally leave their employment. Here are some benefits of PF Form 19 download:
Option to Withhold Funds
Under certain conditions, employees may use PF Form 19 to request a withdrawal of their accumulated PF balances and interest.
Grants
People leaving their jobs may be able to use their PF balance to help them financially as they search for new ones.
Flexibility
Workers may take money out of their PF accounts in whole or in instalments, depending on their needs.
User-Friendly Interface
To request a withdrawal from your PF account, just fill out Form 19 and submit it online or at any EPFO (Employee Provident Fund Organization) branch.
Limitations of PF Form 19
Some limitations of Form 19 PF final settlementinclude:
Possible Effects on Taxes
Withdrawals made before five years of continuous service are not always exempt from taxes. The worker can be liable for paying taxes on the withdrawal if its amount exceeds a certain threshold.
Retirement Funds
A person’s retirement savings are severely impacted if they withdraw assets from their PF account too early since this reduces the amount that can be invested and developed over time.
Discontinued for Use in Times of Crisis
Even though there are specific scenarios in which PF withdrawals are allowed, like paying off a mortgage, paying for college, or dealing with a medical emergency, individuals may run into problems when trying to use Form 19 PF final settlement for these reasons.
How to Check the Claim Status?
It is easy to withdraw money from your PF and see how far along they are in the claim settlement process. Everything you need to do is follow these easy steps:
- Simply visit the official EPFO website to access the Unified portal. To log in correctly, you submit all the necessary data, including the Captcha, UAN number, and password.
- After that, go to the “Online Services” menu item. This drop-down menu has “Track Claim Status” among its options.
- The whole claim status should now be visible on your screen.
FAQ’s:-
Because the pension is a retirement fund, participants may only withdraw the amount designated as PF.
If your employer continues ignoring official notices about the update of your departure date, you may use the EPF grievance portal to make a complaint. Alternatively, you may formally complain in writing to the EPFO commissioner. An investigation will be initiated to address the issue once this is completed.
In case of an offline settlement, the employee must complete the Composite Claims Form /9 CCF contributions of their employees.