Employees’ Provident Fund Organization (EPFO) is a social security scheme. Through this, crores of employed people in the country benefit from social security. You can use the amount deposited in the EPFO account after retirement or in an emergency. Occasionally, EPFO keeps asking its account holders to complete the e-nomination process. Without nomination, you may face difficulties availing yourself of the benefits of many schemes related to many EPF accounts. We are telling you about the benefits of e-nomination and its step-by-step process.
EPFO E-Nomination Provides Many Benefits
Occasionally, EPF asks all your account holders to complete the e-nomination process. In case of the account holder’s death without an e-nomination, it is easier for the account holder’s family to settle the claim online. It is also easy to enjoy the benefits of social security schemes like PF, Pension and Insurance (EDLI).
You Can Do E-Nomination Of EPFO Sitting At Home
- To complete the process of e-nomination in EPFO, you must visit EPFO’s official website.
- After this, you select For Employees option
- Next, click on the UAN or Online Service option.
- Further login to EPFO by entering your UAN number and password.
- Next, go to the Manage section and click on e-Nomination.
- Next, enter your nominee’s name, photo and other required information and click the Save button.
- To save family details, click on the ‘Yes’ option.
- If you want to add more than one nominee, click Add New Button.
- If you add more than one nominee, you should decide the share of all the nominees. Click on Save EPFO Nomination.
- Finally, click on e-sign to generate OTP.
- OTP will come on your mobile number linked to your Aadhaar; type it and then submit.
- In this way, the e-nominee process will be completed in EPFO.
These Are The Disadvantages Of Not Having A Nominee
A person who does not add the nominee’s name to EPF may suffer many losses. In case of an account holder’s unfortunate death, the family may face difficulties withdrawing the amount deposited in EPFO. You can get the amount deposited in the account only after submitting the certificate to all the person’s heirs. In such a situation, this process will take a long time.
