EPFO E-Nomination: EPFO has now made e-nomination mandatory for all PF account holders. If you don’t do this then it has many disadvantages. On the other hand, doing e-nomination is beneficial in many respects.
Pension fund management body EPFO has been running the campaign of e-nomination for some time now. The goal of this campaign, being run under Azadi Ka Amrit Mahotsav, is to provide social security to the families of PF account holders. However, even after all the efforts of EPFO, there are many such PF account holders, who have not yet added the nominee. If you have not yet added the nominee with your PF account, then let us tell you that it has many disadvantages. On the other hand, adding a nominee has certain benefits. Let’s know about them…
You will be able to withdraw money from your PF account without any problem
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 your PF account without any hassle at the time of any emergency, then do a quick e-nomination for this.
Benefits of pension and insurance schemes
Apart from the Provident Fund, EPFO also provides some 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 this, another big advantage is that on making an 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.
There is no deadline for e-nomination
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. If anything untoward happens to the PF account holders, Then in such a situation, keeping the dependents as a nominee gives them security like insurance and pension. EPFO has also given the facility that the account holder can change the nominee as many times as he wants.
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Do e-nomination sitting at home like this
First of all, open the official website of EPFO.
Now you have to log in with the help of UAN and Password.
Go to the Manage section and click on the link e-Nomination.
Now submit the name of the nominee, photo, and other details.
To add more than one nominee, click on the Add New Button.
The process is completed as soon as you click on Save Family Details.