Now, one can submit EPF/EPS nomination online by following some simple steps. For more details, one can login to the official EPFO website at epfindia.gov.in.
How to Submit EPF/EPS Nomination Details Online: The Employee Provident Fund (EPF) also referred to as Provident Fund (PF) is a government-backed scheme and is a compulsory deduction for salaried employees. It is a fund to which both the employee and employer contribute 10 per cent of the employee’s basic salary each month. Earlier this percentage was 12 per cent for private organisations. The Employees’ Provident Fund Organisation (EPFO) has recently tweeted from its official Twitter handle regarding how to file EPF/EPS nomination digitally. One can also login to the official EPFO website at epfindia.gov.in for more details.
The tweet from the official Twitter handle of EPFO said, “Members can follow these easy steps and conveniently file EPF/EPS nomination #digitally.”
Now, the various benefits of the EPF scheme are as follows:
1) Accumulation plus interest upon retirement, resignation, death.
2) Partial withdrawals allowed for specific expenses such as house construction, higher education, marriage, illness and others
The various benefits of the Employees’ Pension Scheme (EPS) are as follows:
1) Monthly benefits for superannuation/ retirement, disability, survivor, widow (er), children
2) Amount of pension based on average salary during the preceding 12 months from the date of exit and total years of employment
3) Minimum pension on disablement
4) Past service benefits to participants of erstwhile Family Pension Scheme
In order to submit EPF/EPS nomination digitally, one has to follow some simple steps. They are as follows:
Step 1: One has to visit the official EPFO website at epfindia.gov.in. Then one has to choose the ‘ Service’ option. Again, one has to choose the ‘For Employees’ option. Now, one has to click on ‘Member UAN/ Online Service (OCS/OTP)
Step 2: Then one has go login with UAN and password
Step 3: Now, one has to select ‘E-nomination’ under ‘ Manage Tab’
Step 4: Next ‘Provide Details’ tab will appear on screen and one has to click on ‘Save’
Step 5: One has to click on ‘Yes’ to update family declaration
Step 6: After this, one has to click ‘Add Family Details’. It has to be noted that more than one nominee can be added
Step 7: Now, one has to click ‘Nomination Details’ to declare the total amount of share. Then one has to click on ‘Save EPF Nomination’
Step 8: Finally, one has to click on ‘E-sign’ to generate OTP and submit the OTP on mobile number linked with Aadhaar
One must note that after this process, the e-nomination will be registered with EPFO. After e-nomination, there is no need to send any documents to employer or ex-employer.
