Glossary
Form-19
Meaning & Definition
Employees utilise Form 19 as a method of withdrawal from the provident fund (PF) after leaving a job or upon retirement. This form is submitted to the Employees Provident Fund Organisation (EPFO) for purposes of claiming final settlement of their PF balance (including contributions made by both employees and employers with any interest that has resulted during the period of service.
Important Features of Form-19
- Allows users to redeem their collected EPF after exiting.
- Quick access to funding sources to meet personal and financial needs.
- Simplifies the process of claiming an Employee Provident Fund (EPF) through a properly executed and documented claim.
- Supports a smooth offboarding experience for employees and a correct final settlement amount for employees.
- Reduced processing time for EPF withdrawals due to fewer errors and mistakes.
Applicable Rules & Policies
- Administered under the Employees’ Provident Fund and Miscellaneous Provisions Act 1952.
- Managed by the Employees’ Provident Fund Organisation (EPFO).
- Eligibility for full and final EPF payment at termination of employment.
- KYC compliance and UAN activation are required to submit an online claim.