Employees’ Provident Fund Organization (EPFO) has made it mandatory for customers to add e-nomination on its portal. It has been said on behalf of the portal that the benefit of the scheme cannot be taken only after adding the nominee. If you have not yet filed the name of the nominee in the EPFO account or want to change the nominee for any reason, then you can complete it through online mode.
This will be the benefit of updating the nominee online
1- If the PM account holder dies. Then his PF amount is transferred to the nominee. If there is no nominee in the account of any PM account holder. So he has to struggle a lot to get the PF amount of his family.
2- The money of EPF is deposited in the account in two ways. First Provident Fund (EPF) and second Pension Fund (EPS). 12 percent of the basic salary of the employee is deducted from his salary and the same contribution is given by the company. While 12% of the employee’s salary is deposited directly into the EPF, 3.67% of the company’s contribution is deposited in the EPF and the remaining 8.33 percent is deposited in the Employees’ Pension Scheme (EPS). If the name of the nominee is not there in the PF account, then there is also a problem in this.
3 – Which is called Employee Deposit Linked Insurance Scheme (EDLI). In this scheme, a maximum insurance cover of Rs 7 lakh is paid to the nominee. In such a situation, the employees who work in the private sector. They get free insurance cover up to Rs 7 lakh.
How to enter the name of the new nominee – According to the EPFO, the existing members will update the name of the new nominee as soon as the EPFO is on the portal. Similarly, the name of your old nominee will be removed and after you all the services of the EPFO account will be entitled to the new nominee.
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Nominee can update like this
, First of all visit the official website of EPFO http://www.epfindia.gov.in You have to login via
, After that go to ‘Services’ and tap on ‘For Employees’ option from the drop down menu.
, Then, tap on ‘Member UAN/Online Service (OCS/OTCP)’.
, After that you have to log in with your UAN and Password.
, There you will find the option of ‘e-nomination’ under the ‘Manage’ tab, click on it.
, Click on ‘Yes’ to declare your family and ‘Add Family Details’ or to update the details of the nominee. There you will have to give all the information asked for the nominee.
, If you want to add more than one nominee then tap on ‘Add New Button’ and give details of other nominee.
, As soon as you have saved your family details, your process for e-nomination will be completed.