For every person, Provident Fund money is the accumulated capital after his retirement. After the job, people can use this money in old age. Apart from this, on the death of the account holder during the job, his family or nominee gets the PF money. But, do you know that a small mistake of yours can cause big problems in withdrawing your PF money. After marriage, there are changes in many rules regarding PF account. Keeping all these things in mind, the nomination of PF account should be done.
Do nomination again after marriage
According to the 1952 rules of Employees’ Provident Fund (EPFO), it is necessary to re-nomination in your PF account after you get married. Nominations made in the account before marriage become invalid. After marriage, you have to do nomination once again. Let us tell you that according to the rules, if the PF account holder is male, then his family means his dependent parents and wife children.
On the other hand, in the female PF account holder, family means dependent parents, mother-in-law and husband’s children. If there is no family member in your house, then you can nominate a person from outside also.
After the death of a person without nomination
If a person dies after marriage and there is no nominee in his PF account, then he has to face trouble in withdrawing money. To such a person, the money is distributed equally to all the heirs.
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