Oct 17, 2024
EPF nomination is a process to nominate a person who will receive the EPF balance in case of the employee's death. Here are some key points to consider:
Importance: EPF nomination is important as it ensures that the EPF balance is transferred to the nominee smoothly in case of the employee's death.
Procedure: The EPF nomination can be done by filling up the nomination form and submitting it to the employer. The nomination can be changed at any time by submitting a new form.
By nominating a person for the EPF balance, employees can ensure that their loved ones are financially secure in case of their untimely death.