It is also not that if someone has not made a nomination, then after the death of the EPF account holder, his family members cannot withdraw his money. Even if a subscriber has not declared his nominee, his family members can claim the claim by filling Form 20.
New Delhi. Employees’ Provident Fund Organization (EPFO) advises account holders to make nominations. Having nomination does not face any problem in claiming claim in future. If the account holder dies and he has already declared his nominee, then the nominee gets the money without much hassle. Therefore, it is beneficial to make a nomination for an EPF subscriber.
It is also not that if someone has not nominated, then after the death of the EPF account holder, his family members cannot withdraw his money. Even if a subscriber has not declared his nominee, his family members can claim the claim by filling Form 20.
Who will get the money
If an EPF account holder dies without nomination, then the family members get the money. There is a clear rule regarding this in EPF. According to this, if the subscriber has not made the nomination and dies, then the money deposited in the PF will be divided equally among the members of the family. Family members include spouse, children (married or unmarried), dependent guardian, dependent guardian of the subscriber’s husband if the subscriber is female, the widowed wife of the subscriber’s son and her children.
Form 20 to be filled
The family of the EPF account holder will have to fill Form 20 and give the names of the family members who are to get the money as per the rules. Information about family members will be given by the company where the EPF subscriber used to work. If for some reason the company cannot give this information or the company has been closed, then the list of family members will have to be certified and submitted by the executive magistrate. A photocopy of the death certificate and canceled cheque is also to be attached with Form 20.
Hurry claim
There should be no delay in filing the claim. The sooner Form 20 is submitted by the family to the EPFO, the sooner the claim will be received. Generally, the EPF commissioner gives the claim in a month after getting all the necessary documents. Even if the PF account of the subscriber is with a private trust instead of EPFO, then there will be no problem in this process.
If the subscriber has made a Will, then it may take a little longer to get the claim. This happens because the succession certificate of the will has to be given. This is done as a precaution, so that no one else can make such a claim in future. Its investigation takes time, due to which the claim is received a little late.
