EPFO Members: It is very important to add a nominee in EPF. If you have not added a nominee and God forbid, something happens to you, then your family will not get your deposited money easily. Nominee is the person who will get all the EPF money and its benefits after your death.
EPFO Members: Employee Provident Fund i.e. EPF, is the scheme which is the surest way to save money for retirement. Every month a part of your salary and some money from your company is deposited in it. On top of this, interest also increases, so a big fund is ready by the time of retirement. But you will get the benefit of this fund only when you add a nominee in it. Otherwise, after your death, there can be a lot of trouble in getting your money to your family. Today we will tell you why e-nomination is necessary in EPF and how you can fix it.
Why is it necessary to add a nominee in EPF?
It is very important to add a nominee in EPF. If you have not added a nominee and God forbid, something happens to you, then your family will not get your deposited money easily. Nominee is the person who will get all the EPF money and its benefits after your death. If there is no nominee, then the family may have to go to the court. By adding a nominee, not only the EPF money, but also the pension received under the Employees’ Pension Scheme (EPS) will go to the same nominee.
How to do e-nomination?
Now let’s come to the real question – how to fill e-nomination? It is so easy that you can finish it in 2 minutes. Just go to the EPFO ​​​​portal and follow some steps.
- Go to EPFO ​​​​portal: First of all go to EPFO ​​​​Member e-Sewa portal (https://unifiedportal-mem.epfindia.gov.in/).
- Login: Login with your UAN (Universal Account Number) and password. If you have forgotten the password, there is an option of Forgot Password.
- Go to Manage tab: After logging in, Manage tab will appear on top. Select the option of E-Nomination in it.
- Enter new nomination: Now click on Enter New Nomination. Here you will have to declare the family. That means, you will have to tell whether you have a family or not. Select Yes or No.
- Enter nominee details: Enter the nominee’s name, relation, date of birth, and other necessary information. Also, the nominee’s photo will also have to be uploaded.
- Decide share: If there is more than one nominee, then enter the share (percentage) of each nominee. For example, 50%-50% or 70%-30%
- Save: Check all the details and save them.
- E-Sign: Now go to Pending Nomination section and select the option of E-Sign. For this, you will have to enter Aadhaar Virtual ID.
- Verify with OTP: OTP will come on the mobile number linked to Aadhaar. Enter it and complete the nomination process.
After completing all these processes correctly, your nomination will be registered.
Who can become a nominee?
Now let’s come to the second question, who can be a nominee of EPF? EPFO ​​has made some rules for this, which are as follows.
For a male employee
- Wife
- Children (married or unmarried)
- Parents
- If the son is dead, then his wife and children
For a female employee
- Husband
- Children (married or unmarried)
- Parents
- If the son is dead, then his wife and children
That is, only close family members can become nominees.
Can you add more than one nominee?
Yes, absolutely! You can add more than one nominee and can decide the share of each nominee separately. For example, if you want your wife to get 60% and children to get 40%, you can set that too. You just need to enter the percentage of share clearly.
How will the nominee get the money?
If, despite his wishes, the EPF member dies, the nominee will have to submit some documents to withdraw the money. This process is a bit paperwork intensive, but it makes it easier for the nominee to get the money. The required documents are:
Death Certificate: Death certificate of the EPF member.
Nominee’s identity card: Aadhaar, PAN or any other government ID
Bank Passbook: Details of the nominee’s bank account.
Inheritance Certificate: If there is no nominee, then this is required.
Indemnity Bond: This is a type of legal document that ensures that the money is going to the right person.
Affidavit and two witnesses: This may also be asked for in some cases.
Along with these documents, the nominee will have to fill Form 20 and submit it to the PF office. After this the money will be transferred to the nominee’s account.
