News From Press Challenges in claiming provident fund without nomination

Challenges in claiming provident fund without nomination

Source: Mint Apr 11, 2022

The process to claim deposits in a provident fund (PF) account in the absence of a nomination after the death of the account holder is relatively less cumbersome than what banks follow. The Employees’ Provident Fund (EPF) scheme clearly states that the proceeds are equally distributed among family members of the deceased.

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