Top News

EPFO: Money can be withdrawn even if there is a wedding or someone is ill in the house. People often wonder what will happen to the money if the PF account holder dies.

PF Death Claim: All employed people in India have a PF account. The PF account managed by the Employees' Provident Fund Organization i.e. EPFO is a better savings plan for the future. In which both the employee and the owner contribute.

12 percent of the salary is deposited in the account. The government also gives good interest to the PF account. The best thing about the PF account is that the PF account holder can withdraw money from his PF account whenever needed.

Money can be withdrawn even if there is a wedding or someone is ill in the house. People often wonder what will happen to the money if the PF account holder dies. So let us tell you who gets the money after death and what is the process of withdrawal.

The nominee gets the claim.

If the PF account holder dies suddenly. Then according to the rules of the Employees Provident Fund Organization (EPFO), the entire amount of the account is handed over to the nominee. Usually, the nominee is already registered in the PF account. After this, the nominee can make a death claim for the amount present in the PF account holder's account. For this, one has to apply for the claim amount by filling out the death claim form available at the post office or the official website of EPFO.

Form 20 has to be filled out and submitted

After the death of the PF account holder, his nominee has to fill out Form 20 with complete information about the account holder and submit it. Or the form is sent to him by the employer i.e. the company in which the account holder was last employed. After filling out the form with all the documents, it is submitted. The nominee is informed about the claim on the given phone number. After claim settlement, the money is transferred to the given bank account.

These documents are required

For the PF death claim, the nominee needs the PF account number, other details of the nominee, name, address, identity card, and mobile number along with some important documents like the death claim form, death certificate of the PF account holder, and passbook of the account holder. If the PF account holder has no nominee then the amount goes to the legal heir.