EPF or Employees’ Provident Fund scheme is one of the most popular retirement savings schemes. It allows an employee to contribute some amount to his/her EPF account and build a large corpus for retirement. The employee’s EPF account also gets contributions from the employer. The invested amount also accrues interest over time and helps in building a substantial corpus that can be used for better retirement planning. Nowadays, one of the most necessary elements in an EPF account is the nominee. In the unfortunate case of the death of the EPF account holder, it is the nominee who gets the entire accumulated corpus along with other benefits. Thereby, it is necessary to add a nominee to your EPF account. Did you know that when you get married your EPF and EPS nominations become invalid? As per the rules of the Employees' Provident Fund (EPF) Scheme, 1952, any nomination made by you for your EPF and EPS accounts automatically becomes invalid when you get married and you are req...
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