EPFO: If this work is not done then it will be difficult to withdraw money from PF, know the whole thing now
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EPFO: If you are a working professional then every month a part will be deducted from your salary and goes into your PF account. There are many big benefits of depositing money in PM account. Employees Provident Fund Organization also gives interest on your deposited amount on annual basis.
The account holder can withdraw the money deposited in the PF account at any time of need. But, for this the complete information in your account should be updated.
EPFO has made it clear that it is necessary for the account holder to update Aadhaar in his account. Along with this, if the name of the nominee is not updated in your account then you may get into big trouble.
Adding a nominee in the Employees’ Provident Fund Organization (EPFO) is important as it is extremely important to ensure the security and prosperity of the consumer. Adding a nominee is an important and appropriate way to provide financial security and support to the consumer and their family.
You have to update the name of your family member as a nominee in the account of Employees Provident Fund Organization.
If you have worked in more than one company then it is important to merge your accounts. If your account is not merged, you will suffer two losses. Firstly, you will get less interest on annual basis. Second, you will not be able to withdraw money from your account.
You can update all this information by visiting the official portal of EPFO, unifiedportal-mem.epfindia.gov.in/memberinterface.
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