EPF e-nomination: 3 benefits of filing e-nomination

It is critical for all Employees' Provident Fund (EPF) account holders to name someone in their EPF account as a beneficiary so that the beneficiary can readily recover the money in the case of your death.

Getty Images
Employees' Provident Fund Organisation (EPFO) members should make sure to file their nomination to avail various benefits. EPF members can also make changes to their nominations online. An EPF member does not need to request this from their employer; instead, they can update their EPF nominations online through the EPFO UAN portal.

Here are three three benefits of filing an e-nomination in one’s EPF account, according an EPFO tweet:

1. Online claim settlement upon the death of member

2. Online payment of PF, Pension and Insurance (upto Rs 7 lakh) to eligible nominees
3. Paperless and speedy claim settlement

In order to receive Provident Fund (PF), Pension (EPS), and Insurance (EDLI) benefits, nomination should be done in one’s EPF account.


How to file e-nomination for EPF/EPS digitally
Step 1: Visit the official EPFO website at epfindia.gov.in
Step 2: Login with UAN and password
Step 3: Select 'E-nomination' under ' Manage Tab'
Step 4: Next 'Provide Details' tab and one has to click on 'Save'
Step 5: Click 'Yes' to update family declaration. Enter all the details such as
a) Aadhaar
b) Name
ADVERTISEMENT
c) Date of birth
d) Gender
e) Relation
f) Address
ADVERTISEMENT
g) Bank account details (Optional)
h) Guardian
i) Photo. Remember the photograph size cannot exceed 100 KB.
Step 6: Click 'Add Family Details'.
Note that more than one nominee can be added
Step 7: Click 'Nomination Details' and click on 'Save EPF Nomination'
Step 8: To generate an OTP, click 'E-sign' and send it to the Aadhaar-linked mobile number.


Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Wealth › Invest › EPF e-nomination: 3 benefits of filing e-nomination
Text Size:AAA
Success
This article has been saved

*

+