EPFO e-nomination benefits: Provident fund money, employee pension scheme and insurance money up to Rs 7 lakh can be claimed online from EPFO’s e-service portal for free. But, there are some conditions for this…
Employee Pension Scheme e-nomination: Employees’ Provident Fund Organization (EPFO) is continuously easing its rules. Slowly everything has become online. Provident Fund account holders are getting many facilities in the Digital India program. EPFO has started the e-nomination process to facilitate the account holders sitting at home. Through this service, a member can nominate his family member on the online portal.
Who can claim in e-nomination?
On the death of the nominee employee, any family member sitting at home can take advantage of provident fund, pension (EPS-Pension) and EDLI insurance scheme by filling e-nomination. According to EPFO Provident Fund Commissioner-2 Sushant Kandwal, every member of Employees’ Provident Fund Scheme (EPF) and Employees’ Pension Scheme (EPS) is required to fill a nomination. After this, the nominee can claim in all the above schemes.
Benefits of EPF, EPS, Free Insurance
Nomination has been made much easier than before. In the nomination, family members such as parents, spouse, siblings or any other eligible member of the family are included. Having the name and details of the nominee makes it easy to take provident fund money (PF), pension money (EPS fund) or EDLI insurance money in case of death of the employee. Let us tell you, there is a maximum limit of up to Rs 7 lakh in insurance available from EPFO.
Claim will be settled only after nomination
According to Kandpal, for the first nomination, the employee had to fill Form-2 in hard copy and submit it to the EPFO office. But, under the Digital India program, now the account holder member can file the e-nomination of the family member sitting at home on the e-Seva portal. E-nomination is a must for pension and death claim settlement. A circular has also been issued in this regard by EPFO. So far, out of 8.50 lakh provident fund accounts, only 28 thousand account holders have done e-nomination.
What are the benefits of e-nomination
- The hassle of going to the EPFO office is over.
- Eliminates the need for more documentation.
- More than one family member can be nominated. They will get equal amount.
- Nominee can be changed at any time. Can add new member.
- After the death of the employee, the nominee can claim online through e-nomination.
How to file e-Nomination?
- Go to the member e-seva portal www.unifiedportal-mem-epfindia.gov.in.
- Log in using UAN and Password.
- Upload passport size photo in the option of View Profile.
- Go to Manage section and click on e-Nomination.
- Enter Nominee Name, Aadhar Number, Photo, Date of Birth, Bank Account Number.
- On the next page, click on E-Sign and generate OTP through Aadhaar.
- Enter the OTP received on the mobile linked with Aadhaar.
- Your e-nomination will be filed.
