New Delhi, June 21 -- The Employees' Provident Fund (EPF) is one of the most popular long-term retirement savings option for salaried employees. When opening an EPF account, members are required to nominate a person who can receive all the benefits in the event of their death.

A valid nomination helps ensure that the accumulated EPF balance, along with benefits under the Employees' Pension Scheme (EPS) and Employees' Deposit Linked Insurance (EDLI), is transferred smoothly to the intended beneficiary.

If the account holder fails to choose a nominee, their family members may face delays and require additional paperwork while claiming the money. However, not everyone is eligible to be nominated.

Choosing the wrong person can make the ent...