Understanding Form 15G: Does It Apply for PF Amounts Under 50k with Less Than 5 Years of Service?

Dear Sir/Madam, If the PF amount is less than 50k and the employee's service period is less than 5 years, does Form 15G still apply? Please guide.

If the PF accumulation is less than Rs 50,000, then there is no need to give a declaration in Form 15G.

I thought I would get answers to my questions and be guided on this platform where many knowledgeable people exist. Unfortunately, no one has an answer to my question. This is really not expected here.

Now I'm going to answer my own question so others will be helped. The answer is there is no need for Form 15G even if the service is less than 5 years and the amount is below 50,000. Only when it crosses 50,000 and the service period is less than 5 years do you need to submit Form 15G.