The EPFO system has mandated that all BP account holders must update their EPF account with an e-nomination. But no one took this order seriously.
By e-nominati the BP account, the family of the owner of the BP account can avail the benefits of the Employees’ Deposit Linked Insurance (EDLI) scheme offered by the EPFO system.
If a BP accountant dies, a minimum of Rs 2.5 lakh and a maximum of Rs 7 lakh can be availed through the EDLI scheme.
But to get this amount you have to do e-nomination. OK How to update e-nomination ..?!
Step 1: First go to the EPF website https://www.epfindia.gov.in/site_en/index.php
Step 2: Click on the Services tab
Step 3: Then select the category for Employees, i.e. ‘For Employees’
Step 4: The site will then take you to a new web page, under the Services tab at the bottom left, click Member UAN / Online Service (OCS / OTCP).
Step 5: This site will take you to the BP account site where you will need to enter your UAN number, password and captcha code and log in.
Step 6: Usually all Pip accounts will receive an alert message regarding e-nomination as soon as they are logged in. For those who do not receive the alert message, click on the ‘Manage’ tab and click on the e-Nomination.
Step 7: Click yes where you want to add family members
Step 8: Click on ‘Add Family Details’. You can have more than one click on this site.
Step 9: Then click on Nomination Info. Anyone can choose how much to divide.
Step 10: Once completed, click on ‘Save EPF Nomination’ to save the data.
Step 11: On the next page you need to ‘E-sign’ and get OTP for it. OTP will be sent to the mobile number linked to the Aadhaar-Pan-BP account.
Step 12: Just register the OTP received on the mobile number and the e-nomination is complete.
