Hello and welcome to our YouTube video on PF nomination!
In this video, we will guiding you about PF nomination.
1) What is EPF / EPS nomination ?
- PF nomination is the process of nominating someone who will receive the provident fund (EPF) / Pension (EPS) amount in case of the employee's death. as This is a crucial step in ensuring that the employee's hard-earned money goes to the right person.
2) Why is it so necessary ?
If an employee does not make a nomination, their PF amount may be distributed among legal heirs, which could cause confusion and disputes. By making a nomination, an employee can ensure that their PF amount is received by the person they choose.
Hope this will help you understand the process better and make it easier for you to nominate a person.
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