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.

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