Every employed individual holds a PF account where a portion of their salary is deposited along with accrued interest.
The responsibility of managing these accounts lies with EPFO (Employees’ Provident Fund Organization).
To ensure the seamless transfer of funds and benefits, EPFO has made it obligatory for all account holders to designate a nominee.
This applies not only to PF accounts but also extends to various savings and insurance plans.
Securing Your Nominee’s Future:
In the unfortunate event of the account holder’s demise after completing e-nomination,
the deposited amount in their PF account or pension benefits are transferred to the designated nominee.
It is vital for all account holders to complete the e-nomination process to safeguard their loved ones’ financial well-being.
Convenient Online E-Nomination Process: Completing your e-nomination is a simple task that can be done online in a few easy steps.
Follow these guidelines to ensure a smooth nomination process:
1) Visit the EPFO website at unifiedportal-mem.epfindia.gov.in/memberinterface.
2) Log in using your Universal Account Number (UAN) and Password.
3) Click on the View tab and upload a profile photo in JPG or JPEG format (file size should be less than 100 KB).
4) Update essential details, including permanent or present address, by clicking on the profile picture.
5) Access the Manage tab and select the e-nomination option.
6) Enter your UAN number, name, date of birth, gender, father or husband’s name, marital status, and employment start date as required.
7) Provide family details, including names, dates of birth, relationships, addresses, and bank account information (as per Aadhaar card).
8) Determine the share allocated to each nominee if multiple nominees are selected.
9) Save your EPF nomination by clicking the appropriate option.
10) To complete the process, click on the e-sign button and enter your Aadhaar number to generate an OTP.
11) Enter the OTP to finalize your e-nomination.
By following these steps, your e-nomination will be successfully completed, ensuring your loved ones’ rightful access to funds and benefits.
Conclusion:
EPFO’s recent mandatory e-nomination requirement aims to streamline the distribution of funds and benefits to nominated individuals.
Protect your family’s financial future by promptly completing your e-nomination process online.
