EPF Claim After the Death of a Subscriber
In case of the death of the scheme subscriber, the entire EPF amount will be paid to the nominee. This will be the nominee that was picked during the time the account was first opened.
EPF or Employee’s Provident Fund is a savings scheme available to all salaried employees residing in India. It is more of a retirement saving scheme that helps employee build a retirement fund by investing a fraction of their salary in the account every month which can later be used in the time of retirement.
EPF is mandatory for individuals earning a salary up to Rs.6500. Those earning more than Rs.6500 can contribute to the fund voluntarily. The fund is maintained by EPFO (Employee Provident Fund Organisation). Both the employer and the employee contribute to the employee’s fund.
How to claim EPF after the death of a subscriber?
This is one of the main questions that’s in everyone’s mind. What happens to the EPF account after the death of the subscriber? Upon the death of an EPF member, the EPF amount is paid to the nominee that was nominated at the time of initiation of the account.
If there was no nominee assigned then the EPF amount is paid to the immediate members of the family. If the family members and the nominee are not applicable for the account then the legal heir can claim EPF amount.
In case of closure of establishment the claim may be sent through the authorised persons as per the list given in the application form. It is desirable that in such cases the claim may be got attested by the bank manager wherein the bank account is kept.
FAQs on EPF Claim After the Death of a Subscriber
- Who is eligible to get EPF funds after a member’s death?
If there is a registered nominee, they would be the initial person to make the claim. In case there is no nominee, the funds will be distributed equally between the person’s family members. If there are no family members, the legal heirs may claim.
- What documents are needed for filing the EPF claim?
The claimant must submit Form 20 (PF), Form 10D (pension, if eligible), and Form 5IF (EDLI), along with the subscriber’s death certificate, Aadhaar, bank proof, and a succession certificate if no nominee exists.
- Can I submit an Online EPF death claim?
Yes, a nominee or beneficiary can submit a composite death claim online via the EPFO member portal by providing UAN, Aadhaar, Supporting documents, and OTP authorization. All these details have to be in accordance with the existing records.
- Is Aadhaar required for processing the death claim?
As per EPFO guidelines, death claims are processed only after the Officer-In-Charge approves and completes all formalities to prevent fraud. As of May 2024, physical claims may be accepted if Aadhaar is not linked to the deceased member’s UAN.
- How long does it take to settle an EPF death claim?
When nominees file death claims online or physically, EPFO will attempt to settle them within 7 days after the submission of required document at the regional office.
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