All the people in India are employed. Everyone has a PF account. The PF account run by the Employees Provident Fund Organization ie EPFO is a better savings scheme for the future. In which both employee and employer contribute.
12 % of the salary is deposited in the account. A very good interest is also given by the government on PF account. The best thing about PF account is that PF account holder can withdraw money from his PF account at any time. Even if you want to build a house, money can be withdrawn. The question often arises in the minds of the people that what will happen to that money if the PF account holder dies. So let us tell you what is money after death and what is the process of withdrawing money.
If a PF account holder suddenly dies. Then according to the rules of the Employees Provident Fund Organization (EPFO), the entire amount of the account is handed over to the nominee. Nominee’s name is usually already recorded in PF accounts. After this, the nominee can get a death claim for the account of PF account holder’s account. For this, the death claim form available on the official website of the post office or EPFO has to be applied for the claim amount.
After the death of the PF account holder, his nominee has to submit the form 20 with complete information of the account holder. This form is sent to him by the employer ie the company in which the account holder was the last working. After filling the form, it is submitted with all the documents. The information of the claim is given to the nominated person on the given phone number. After the claim is settled, the money is deposited in the given bank account.
For PF Death Claim, the nominee requires PF account number, nominee name, address, other information of identity card and mobile number, gym death claim form, PF account holder’s death certificate and some important documents with the passbook of the account holder. If the PF account holder has no nominee, the legal heir gets the amount.
