Estate planning · Nomination
EPF and PPF nominations: Form 2 is critical
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Facts
EPF nomination is done through Form 2, filed with the employer on joining. If married, spouse and children must be nominated. Parents can be nominees only if no spouse or children. The EPF nominee receives the corpus absolutely, your Will cannot override this.
Provisions and law
- EPF Act 1952, Sec 6A | PPF Act 1968
Analysis
Check urgently: Many employees file Form 2 at the time of joining and never update it, if you've married, had children, or divorced since then, your EPF may still go to your parents. PPF: nomination done at bank/post office. Update via Form G. If no nominee, the PPF balance goes to legal heirs (with succession process).
Conclusion
Talk to a Savvy for the exact next step on your case.
A Savvy can do this for you
EPF passbook and Form 130 (old Form 16) into salary and interest income
₹999
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