What is the primary purpose of PF Form 19?

Declaration and nomination of beneficiaries Pension withdrawal after retirement EPF account transfer between employers Final settlement of the PF account upon leaving a job

Which of the following is a prerequisite for using PF Form 19 for withdrawal?

The employee must have worked for the current employer for at least five years The employee must have a Universal Account Number (UAN) The employee must have contributed to the EPF for a minimum of ten years The employee must be switching jobs to a new employer

What is the minimum period of unemployment required for an employee to be eligible to use PF Form 19 after leaving a job?

One month Two months Three months Six months

Which of the following details is NOT required to be filled in PF Form 19?

Provident Fund account number Bank account number and IFSC code Date of birth of the employee PAN details

What is a key benefit of using the online process for PF withdrawal through Form 19?

It allows for partial withdrawal of funds while still employed It eliminates the need for employer attestation for the withdrawal It enables the employee to transfer the PF balance to a personal retirement account It provides a higher interest rate on the withdrawn PF balance

What potential issue can arise if an employer does not update the employee's exit date in the EPF system?

The employee may face a delay in receiving the PF withdrawal amount The employee will be ineligible to apply for PF withdrawal using Form 19 The employee will be required to submit additional documentation to the EPFO The employee's PF account will be frozen until the exit date is updated