what is eps nomination

EPS nomination refers to the process of nominating a person who will receive the pension benefits under the Employee Pension Scheme (EPS) in case of the members death. EPS is a scheme backed by the Government of India, and all EPF members are automatically enrolled in it. EPS nomination can be made online by logging into the EPFO website through the employee’s Universal Account Number (UAN) . Once the nomination is made, the nominee will be eligible to receive the member’s pension funds. It is necessary to submit a nomination to be eligible for welfare benefits for members of the EPS and Employees’ Provident Fund (EPF) .