A notice was released by the Employees' Provident Fund Organization in which the retirement body has clearly urged all its PF subscribers to file their e-Nomination so that the social safety of the account holder's family can be assured. The EPFO has also extended the maximum assurance benefit under the 'Employees' Deposit Linked Insurance (EDLI) scheme up to Rs 7 lakhs this year in June. This scheme has been made mandatory for all account holders.
If the main account holder dies from a natural cause or accident or illness, then the nominee gets an amount of Rs 7 lakh.
Here's how to file your EPF/EPS Nomination online:
1. Visit the official website of EPFO
2. Go to the 'Services' option
3. Click on the 'For Employees' section
4. Tap on the 'Member UAN/Online Service' option
5. e-SEWA portal will appear on your screen. Login your own credentials
6. Click on the 'Manage' tab
7. Select 'Yes' to update the family declaration
8. Tap on 'Add Family Details'
9. Click on 'Nomination Details' and enter the total amount of the share
10. Tap on 'Save the EPF Nomination'
11. Generate the One-Time Password (OTP) by clicking on the 'E-Sign' option
12. Enter the OTP number and the process of registering is complete.
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