If PF account holders make e-nomination, then the immediate benefit of the Employees Deposit Linked Insurance Scheme will be available on the death of the subscriber.
There is big news for EPFO investors. Now you can file e-nomination sitting at home. The Central Provident Fund Organization (EPFO) has made e-nomination mandatory for account holders. If the PF account holders make e-nomination, then the immediate benefit of the Employees Deposit Linked Insurance Scheme will be available on the death of the subscriber. For this, the nominees will not have to face any kind of hassle later nor will they have to go to the PF office. Not only this, you will get rid of the hassle of completing all the documentation process. Recently, EPFO shared this information through its Twitter handle. Let us understand how you can take advantage of it-
In a statement from the Central Provident Fund Organization, it has been said that if the subscribers make nominations online, then they will not have to bother about NOC later. A circular has also been issued by EPFO to all the regional offices in this regard. In this, all the subscribers will have to login to the EPFO’s member portal and fill or update the information of the nominees through the manage page.
What are the rules for e-nomination?
Through e-nomination, account holder members can also make changes in the nominees. The biggest advantage of this will be that for e-nomination, the subscribers will be able to do the verification themselves. There will be no need to run here and there. EPFO gives the benefit of life insurance up to Rs 7 lakh to the family of the employee on the death of the subscriber. In such a situation, if the details of the nomination are completed, then there is no problem of any kind later. Get the benefit of Employees Deposit Linked Insurance Scheme immediately.
According to the EPFO, any Provident Fund account holder can nominate only his family members for e-nomination. However, if the person does not have a family, then he is free to nominate any other person. But, if there is a family, the nomination will be canceled if someone else is nominated.
Understand the whole process like this
1- First of all go to the official website of EPFO (epfo.india.gov.in).
2- By going to Services, click on Member UAN/Online Service.
3- Login with UAN and Password.
4- Go to Manage Tab and select E Nomination.
5- – Give the information related to yourself and click on Save moment.
6- Update family related information.
7- You can add more than one nominee by clicking on Add Family Details.
8- What percentage of your money will the new nominee be entitled to. Update it.
9- Click on E-Sign. After this OTP will be sent to your Aadhaar registered mobile number. After updating it, your process will be completed. After this you will not have to submit any document in your current office or in the previous office.
It has often been seen that due to non-filling of the nomination form of the PF subscriber, they face difficulty in taking insurance or other benefits. If the account holder dies due to any reason, then he has to make rounds of the provident fund offices. There is also a problem in completing all the documentation process.
