EPFO account holders can easily register their nominee’s name in their account through e-nomination. Let us tell that it is very important to have the name of the nominee in the EPF account and it has many big advantages. In case of death of any EPFO account holder, online claim settlement is done easily.
With the government’s EPFO system, all the employed people of the country and their families are getting a better life. EPFO account holders not only get the facility of pension but also get more interest than banks on the amount deposited in their account. EPFO account holders currently get 8.1 percent interest, which is more than the interest given by any bank on FD. In India becoming digital, the government has started providing some kind of online facilities to the EPF account holders, for whom earlier they had to visit the EPFO office.
Nominee can be easily added to the account through e-nomination
Similarly, earlier people had to visit EPFO offices to get nominees added to the EPFO account. But now under the e-nomination feature, a nominee can be added to the EPF account anywhere and anytime. However, many EPFO account holders are not aware of the benefits of e-nomination. In such a situation, it is very important for all of us to know the benefits of e-nomination. Through e-nomination in EPFO account, you can make any person your nominee. It is very important to make a nominee in any financial account. Let us know what are the benefits of e-nomination in EPF account?
Choose the process of filing e-Nomination for speedy claim settlement. #AmritMahotsav #epfo #SocialSecurity #PF #Pensions #insurance @PMOIndia @byadavbjp @Rameswar_Teli @LabourMinistry @mygovindia @PIB_India @MIB_India @_DigitalIndia @AmritMahotsav pic.twitter.com/5svrfg3Mbs
— EPFO (@socialepfo) January 11, 2023
What are the advantages of e-nomination
EPFO account holders can easily register their nominee’s name in their account through e-nomination. Let us tell that it is very important to have the name of the nominee in the EPF account and it has many big advantages. In case of death of any EPFO account holder, online claim settlement is done easily. Apart from this, if the nominee made by the account holder is eligible, then the money of PF, pension and insurance (up to Rs 7 lakh) is also easily transferred directly to the bank account. Through e-nomination, all this work is done completely online with speed.
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