PF Form 19

The Employees’ Provident Funds and Miscellaneous Provisions Act of 1952 requires a worker to pay a set compensation payment to the PF account, and an employer must contribute an equivalent amount. Withdrawals under this program need to complete several forms, one of which is PF Form 19.

Read EPF Withdrawal: How to Fill PF Form & Get Claim Online.

PF Form 19 Is? 

Whenever a subscriber wishes to finalize his PF account, PF Form 19 must be completed. This only applies to workers without a UAN or Universal Account Number. So, it is possible to fill even if one does not possess a Universal Account Number, and an employee will only have to provide his PF account number. PF Form 19  will be utilized to request a settlement that is final of the PF account or to withdraw pension payments.

A variety of PF Forms are accessible, each having a particular function. To achieve the intended result, these forms must be properly completed and sent to the Employees Provident Fund Organisation (EPFO) to achieve the intended result. All forms are accessible on the Employees Provident Fund Organisation Portal, which may be obtained using the UAN or Universal Account Number.

Read PF or EPF Withdrawal Rules 2022.

Examine the many EPF forms, each of which serves a particular function.

Also, read EPF Form 11

Who Must File PF Form 19?

Employees who have PF accounts must fill out EPF Form 19. PF Form 19  is only utilized for the withdrawal of EPF funds at the moment of retirement or when employees resign.

In addition, if employees resign from a position, they must be unemployed for a minimum of 2 months before submitting this application for withdrawal. If employees change positions from one company to another, their PF balance will be moved from a prior account to the current one.

Information to be Entered in PF Form 19?

EPF Form No. 19 is a two-page form that requires individuals to fill out the following information –

• Account no. for the Provident Fund.
• Bank account number and IFSC code ( It must correspond to the same account used by the present employer).
• Dates of job entry and leave.
• PAN information.
• 15G form or 15H form.

Members must also provide their entire postal address, chosen form of transfer (cheque or money order or bank info), and revenue stamps of one unit. One must also provide a blank canceled check for confirmation of the bank account.

How Do You Fill Out Form 19 for a PF Withdrawal?

• Enter your Universal Account Number (UAN), passwords, plus captcha to access the EPFO website.
• After logging in, go to the ‘Online Services’ page and choose “Claim (Form – 31, 19, & 10C)”.
• Then, input the last 4 digits of your bank account number associated with the PF account and press the ‘Verify’ button.
• For the ‘Certificate of Undertaking’ pop-up, choose ‘Yes’.
• Then, underneath the ‘I wish to apply for’ choice, pick ‘Only PF Withdrawal (Form – 19)’ from the menu.
• When the disclaimers page appears, verify it and select the ‘Get Aadhaar OTP’ button.
• The One Time Password will be delivered to your associated mobile phone number. Submit it to confirm.
• When your registration is complete, you will be given a registration number for the procedure.

Once the employers have approved the requests, the due amount of PF will get deposited in the bank account of members.

Requirements for Submitting Form 19

• One must first finish activating one’s UAN on the Employee Provident Fund member portal.
• One’s UAN must get linked to one’s bank account and PAN.
• One’s mobile number should be associated with one’s UAN as well.
• Form 19 will not be presented in one’s withdrawal form if one is not eligible for the final deal.

Form 10C will be available in the options if Form 19 in PF is available.

The Advantages of PF Form 19?

The digital approach of submitting claims for withdrawal of PF under PF Withdrawal Form 19 eliminates the need for employer verification. Furthermore, PF claims can be completed within five days of submitting an application online. It should be noted that the member’s Aadhaar number must be connected to his or her UAN.

Anyone can conveniently take the withdrawal of PFs using a single platform. The composite claim form is one page which speeds up the next stage of electronic governance, rendering government services more open and economical for customers.

PF Form 19 Restrictions?

As stated above, employer verification is no longer necessary for members to withdraw their PF. But, the final payment can actually occur only once the employer has revised the member’s leaving date. If it isn’t revised, the PF department will assume that the members are still employed by the employer, which will impede the withdrawal procedure.

In just this case, members can only use Form 31, for the purpose of a refund of advances. Also, it is the members’ responsibility to make sure that the employers update the departure of service. But, after only two months of job termination may the members amend the dates of leaving on the UAN portal without the participation of the employer.

How Can One determine the status of One’s Claim?

• Go to the EPFO Website. To login in, one must provide one’s UAN number, Captcha, and password.
• Next, select ‘Track Claim Status’ from the ‘Online Services’ option.
• You may now see the current status of your claim.

Conclusion?

PF Form 19  is only utilized for the withdrawal of EPF funds at the moment of retirement or when employees resign. So, EPF is a solid investment vehicle or scheme for your retirement years. 

But, know what is even better? Commercial real estate investment. This kind of investment ensures you steady passive income in the form of rental income and capital appreciation. But, yes, as we are aware that commercial property investment is expensive for most of us to even think about. Let alone actually shelling out money. But, worry not anymore for you can now AFFORDABLY invest in commercial properties with just INR 25 Lacs via a solid fractional ownership platform like Assetmonk.