Bank Account Without Nominee Claim: Anyone gets lost while opening a bank account or demat account or any account for investment. So the option to add nominee definitely comes in that process. The nominee is, in a way, the heir. Meaning entitled to your thing after you. If something happens to you in case of bank accounts. In case of any accident or anything else, the money in your account is given to the nominee. However, adding a nominee is not mandatory. That is why many people do not add…
Read MoreTag: nominee
pf death claim if account a person dies than who will get the amount of pf know the rules and procedure
PF Death Claim: All the employed people in India have a PF account. The PF account run by the Employees’ Provident Fund Organization (EPFO) is a good savings plan for the future. In which both the employee and the employer contribute. 12 percent of the salary is deposited in the account. The government also gives a good amount of interest on PF accounts. The best thing about a PF account is that if needed, the PF account holder can withdraw money from his PF account anytime. Money can be withdrawn…
Read More