cryptohunter
Active member
- PPF Points
- 2,738
In the event of the account holder's death, the funds in an EMI account may be transferred to the beneficiaries named in the account holder's will or, if there is no will, to the account holder's next of kin according to the laws of the account holder's country of residence. The specific process will depend on the regulations and policies of the particular EMI and the jurisdiction in which the account is held. It is important for account holders to regularly update their beneficiary information and to ensure that their wishes for the distribution of their funds are properly documented in a will or other estate planning document.
