PF : EPFO Nomination Update: Pension fund management body EPFO has been running the campaign of e-nomination for some time now. The purpose of this campaign, being run under the Amrit Mahotsav of Azadi, is to provide social security to the families of PF account holders. However, even after all the efforts of the Employees’ Provident Fund Organization, many such PF account holders have not yet added a nominee.
EPFO Nomination News(PF)
Recently the central government has made it mandatory for all account holders to file e-nomination. Under this, the employee can make any member of his family his nominee. If the employee does not do this, then in the event of the death of the employee due to some reason, his family may have to face a lot of trouble withdrawing the amount deposited in the PF account. If you have not yet linked the nominee to your PF account, then let us tell you that there are many disadvantages to it.
Benefits of e-nomination
If a PF account holder has not yet added a nominee, then he may have to face many problems. In the PF account, if you do not add a nominee, it will be difficult to withdraw money. In such a situation, 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 (Provident Fund) account for any other work. If you want that you can withdraw money from your PF account in an emergency without any hassle, then for this quick do e-nomination.
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Benefits of Pension And Insurance Schemes
Apart from EPFO Provident Fund, Employees Provident Fund Organization also provides some security to its customers. Among these, the Employees’ Pension Scheme and the Employees’ deposit linked Insurance Scheme are prominent. If you do not do e-nomination, then you will not get the benefit of both these facilities. Apart from this, another big advantage is that on doing e-nomination, your family also gets security cover. If any untoward happens, your dependent can claim the money. If you are not there it will give them financial security.
There is no deadline for e-nomination
No time limit 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 e-nomination can be filed even after December 31, 2021. Employees Provident Fund Organization has now made it mandatory for all PF account holders to add a nominee.
This effort to provide security to the dependents of the account holders. If something untoward happens to the PF account holders, 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.
With this, you will also have trouble seeing your passbook. If you are Employees Provident Fund Organization member and you want to access your passbook by visiting the website, then a pop-up window will open in front of you to file E-Nomination. If you don’t file it, the pop-up window won’t move from your screen.
How to do EPFO-Nomination Online
Visit official website
Log In
Go to the manage section in the dashboard
Enter details
Add another nominee
Submit
Conclusion
So, in this post, we have seen how important is e-nomination to the PF account holders. We have also mentioned the benefits of filing an e-nomination to a PF account. At last, we have explained the EPFO nomination process in detail.
So I hope you got some good packets of information in this post. If you do then share with your friends and family.
