As we told you in our previous article human life is full of uncertainties, no one knows what will happen in someone's life. Therefore, we should be prepared to avoid future problems, in such a situation, if you are a working person, then all employees have a Provident Fund (PF) account managed by the Employees' Provident Fund Organization (EPFO). This account serves as an effective savings plan for the future, benefiting both the employee and the employer who contribute 12% of the employee's salary. But many people are worried about what happens to the PF account after the death of the account holder, and how his nominee gets the money, let's know its complete details.

Designation of Nominee: In the unfortunate event of the sudden death of the PF account holder, the entire balance is transferred to the registered nominee.

Death Claim Process:

The nominee must fill up the death claim form available at post offices or on the EPFO ​​website.

Form 20, which provides the required details about the deceased account holder, must be completed. This form is generally provided by the last employer.

Document Submission: The following documents are required to process the claim:

PF account number

Details of the nominee (name, address, identification information, mobile number)

Death claim form

Death certificate of the account holder

Passbook or relevant account statement

Claim Notification: Once the claim is submitted, the EPFO ​​will contact the nominee through the phone number provided to confirm the details and progress.

Settlement: After processing the claim, the funds are credited directly to the nominee's bank account.

What if there is no nominee?

In cases where the PF account holder has not nominated any nominee, the accumulated funds will be transferred to the legal heir.