Oct 17, 2024
EPF nomination is the process of nominating a nominee for the EPF account, who will receive the benefits in case of the employee's death. Here are some key points to consider:
Importance: Nomination is essential to ensure that the EPF benefits are transferred to the nominee in case of the employee's death. It helps in avoiding legal disputes and delays in the settlement process.
Procedure: Employees can nominate their family members or dependents by filling the nomination form and submitting it to the employer.
It is important for every employee to nominate their family members or dependents for their EPF account to ensure a smooth settlement process.