The Employees’ Provident Fund (EPF) is one of the most crucial savings schemes for salaried individuals, ensuring financial security for employees and their families. However, many EPF members overlook a critical aspect of their account—updating their nominee details. The introduction of EPF E-Nomination has made this process more efficient, ensuring that an employee’s savings reach the rightful beneficiary in case of unforeseen circumstances.
Why Updating EPF Nomination is Essential?
Seamless Fund Transfer: In the event of an employee’s demise, a valid nomination ensures that the accumulated EPF savings are transferred without legal complications or delays.
Avoid Legal Disputes: Without an updated nominee, multiple claimants may arise, leading to legal battles and prolonged settlements.
Convenience and Accessibility: The E-Nomination facility allows members to update their nominee details online at any time without needing to visit the EPFO office.
Mandatory for Online Claims: As per EPFO guidelines, filing an online withdrawal claim requires an updated nomination.
How to Update Nominee in EPF Account?
Updating the nominee details in your EPF account is a simple online process that can be done through the EPFO Unified Member Portal. Follow these steps:
Step 1: Log in to the EPFO Member Portal
– Visit EPFO’s Unified Member Portal.
– Log in using your Universal Account Number (UAN) and password.
– Enter the OTP sent to your registered mobile number (linked with Aadhaar) for verification.
Step 2: Navigate to E-Nomination
– Click on ‘Manage’ from the top menu and select ‘E-Nomination’ from the dropdown list.
Step 3: Update Family Details
– A new page will open where you need to provide family member details.
– Click on ‘Add Family Details’ and enter the nominee’s name, date of birth, relation, and address.
– If you have multiple nominees, specify the percentage share for each.
Step 4: Save Nominee Details
– After filling in the details, click ‘Save’ and proceed to the next step.
Step 5: E-Sign with Aadhaar OTP
– To authenticate the nomination, select the ‘E-Sign’ option.
– Enter your Aadhaar-linked mobile number to receive an OTP.
– Enter the OTP and submit the request.
Important Points to Remember
– Only Aadhaar-linked UAN accounts can avail of the E-Nomination facility.
– Nominees can be changed or updated anytime through the portal.
– A valid E-Nomination is mandatory for claiming EPF benefits online.
Updating your EPF nominee is a small yet crucial step in securing your hard-earned savings for your loved ones. With the EPFO’s digital transformation, the process is now seamless and paperless. Employees should take advantage of this feature and update their nominee details today to avoid future complications.
