what is e nomination in epfo

11 months ago 16
Nature

EPFO e-nomination is a process through which EPF members nominate people to receive the benefits in case of their death. The e-nomination process provides authority to the nominee or dependents (spouse, children, and parents) of the EPF account holder to withdraw funds. The EPFO has directed mandatory e-nomination for all its EPF members, and while no deadline has been set at the moment, EPF members can e-file nominations of their own volition. The e-nomination process is available for almost all financial products, including bank accounts, mutual funds, provident funds, and life insurance policies. Only Aadhaar-verified UAN holders can file an e-nomination. The process to add a nominee to an EPF account involves logging in to the UAN EPFO website, selecting Manage and e-Nomination from the menu, filling in the nominee details, and submitting the form.