EPFO E-Nomination: EPFO , the pension fund management unit for private sector employees, has been running a special campaign for e-nomination for some time now.
The goal of this campaign, being run under Azadi Ka Amrit Mahitsav, is to provide social security to the families of PF account holders. The efforts of EPFO are also showing results and the number of people who have done e-nomination has increased rapidly during the last few months. EPFO has recently tweeted to make people aware about the benefits of e-nomination.
According to the EPFO, if a PF account holder has not yet added a nominee, then he may have to face many problems. If you do not add a nominee, it will be difficult to withdraw money from the PF account. In such cases, PF account holders will be able to withdraw money only for medical needs and Kovid-19 Advance. Such account holders will not be able to withdraw from the PF account for any other work. If you want that you can withdraw money from PF account without any hassle at the time of any emergency, then do a quick e-nomination for this.
Apart from the Provident Fund, EPFO also provides some other social security to its subscribers. Among these, the Employee Pension Scheme and the Employee Deposit Linked Insurance Scheme are prominent. If you do not do e-nomination, then you will not get the benefit of even these two facilities.
Apart from these, the third big advantage is that on making e-nomination, your family also gets security cover. If any untoward happens, then your dependents can claim the PF money. This will give them financial security in case you are not there. If something untoward happens to the PF account holders, then keeping the dependents as a nominee gives them protection like insurance and pension. EPFO has also given the facility that the account holder can change the nominee as many times as he wants.
No deadline has been fixed for e-nomination. Last year there were reports that e-nomination cannot be done after December 31, 2021. After this, EPFO had said regarding the deadline that even after 31 December 2021, e-nomination can be filed. EPFO has now made it mandatory for all PF account holders to add a nominee. This effort is to provide security to the dependents of the PF account holders.
Do e-nomination sitting at home like this:
1: First of all open the official website of EPFO.
2: Now you have to log in with the help of UAN and Password.
3: Go to Manage Section and click on link e-Nomination.
4: Now submit Nominee Name, Photo and other details.
5: Add New Button to add more than one Nominee Click on
6: The process is completed as soon as you click on Save Family Details.
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