PF account is a better savings scheme for future security for every working person. Both the employee and the employer contributes in pf account.
But have you ever wondered what happens to the deposited capital if a PF account holder unfortunately dies. Who can get it and what is the process to withdraw it. Come, today we answer these questions.
Who is the real owner of the amount deposited in the PF account
After the death of the PF account holder, the real owner of the deposited capital is his nominee. Usually, the nomination is already done in the PF account. In such a situation, after death, the nominee can claim the amount deposited in the PF account.
For this, he has to apply for the claim amount by filling out the death claim form available from the post office or the official website of EPFO.
How to complete the death claim process
After the death of the PF account holder, his nominee has to fill out Form 20 with full details of the account holder.
Usually, this form is provided by the employer i.e. the company where the account holder was employed till the last time.
The form is filled and submitted along with all the necessary documents. After this, information about the claim amount is provided to the nominee on the given phone number. After the claim is approved, the amount is deposited in the given bank account.
Documents required for PF death claim
PF account number
Nominee’s information
Name, address, identity card, and mobile number
Death claim form
Death certificate of PF account holder
Account holder’s passbook