EPF – which is the employee provident fund. There is no way you have come this far without knowing about EPF, right? It is one of the famous long-term saving schemes in the country. It gives an individual working in the organized sector retirement benefits.
But, this scheme means you will be making contributions towards the fund account, while the employer would also contribute an equal amount. Isn’t that great news! You and your boss would contribute towards your retirement in this scheme. But, do you know when the issue arises? When you stumble upon how to withdraw this surplus. But, no worries – the answer to how to withdraw your EPF money is right here. It is through Form 19 – and we will find everything about it right in this article.
What is the PF Form 19?
The aim of EPF Form 19 is to withdraw the PF sum upon retirement or employment termination. Only after two months from the date of retirement can an employee file Form 19 to receive the settlement money. However, if an employee joins another organization during this time, the PF amount is automatically transferred to the new account.
The EPF Form is of two Types
1) The Aadhaar Based Form 19 –
Employees whose Aadhaar number and bank account information are available on the UAN site are eligible. Employees must fill out the new Form 11 completely and have an active UAN.
2) The Non-Aadhaar Based Form 19 –
Employees who don’t have an Aadhaar number or an active UAN are eligible.
Here we can look at everything you need to know about Form 19. So, without further ado, we get to the topic of PF withdrawal form 19.
Let us move this one step at a time – and understand how to get this process done simple and easy.
How to Fill this Particular Form?
To request a withdrawal of balance from your PF account, you must complete EPF Form 19. The Form must be completed online or offline.
Step 1: Log in to the Official EPFO website using your Universal Account Number (UAN), password, and captcha.
Step 2: After logging in, select the ‘Online Services’ tab. Choose “Claim (Form 31, Form 19, Form 10C, and Form 10D)”.
Step 3: Next, input the bank account number associated with your provident fund account and click ‘Verify.’
Step 4: Following that, a ‘Certificate of Undertaking’ pop-up displays. To go to the next step, you must click ‘Yes.’
Step 5: A drop-down choice appears under the ‘I wish to apply for’ option. From there, you must pick ‘Only PF Withdrawal (Form – 19).’
Step 6: Following that, a disclaimer page appears. You must check the box and select the ‘Get Aadhaar OTP’ option.
Step 7: OTP will be sent to your registered mobile number. Enter the OTP to validate your Aadhaar and continue to the next step.
Step 8: Finally, once the submission is complete, you will be given a reference number for the conclusion of the process.
Before you do anything else – first find out if you can use this FormForm – will you.
Eligibility for the Form
When withdrawing EPF money in the form of the final settlement, Form 19 must be used. Furthermore, the Form can be used to withdraw pension benefits and obtain a PF non-refundable advance. The first two alternatives might be used when quitting a job for the sake of retirement or for any other reason.
However, the final option can only be used during service if a specific set of conditions is met.
Before you run off to get this process done, there are a few things that you will definitely need to have in order to get started.
You Need These Things to Apply
1) Make sure you activate your UAN on the EPF portal.
2) Link your UAN with your bank account of a bank, as well as the PAN card.
3) Ensure your mobile number with the UAN number.
4) Also, check your eligibility for the final settlement – and if you are not eligible – this Form could not be for you.
5) This particular Form can be filled in two months after you have left your job or have been retired.
6) You need to give in your verified mobile number – it is mandatory for your settlement.
7) Your PAN card is completely necessary to claim this settlement.
Hoping you also know that you know you can do this offline. Suppose you are not really into doing online or having trouble doing it online.
How to Use the Form Offline?
The composite claim form combines Forms 19, 31, Form 10C, and Form 10D. Form 19 must be completed for final settlement, Form 31 for partial EPF withdrawal, Form 10C for pension withdrawal, and Form 10D for monthly pension withdrawal.
Conclusion
It was not that hard, was it? It is simple and easy to get done once you know the basics of it. Here you can find out how to do it online, offline, and all of the prerequisites you would need to make an EPF withdrawal.
