EPFO is asking PF account holders to make e-nomination at the earliest. PF account holders are being asked to complete the nomination work before March 31. Let us tell you that a part of the salary of every salaried person is deducted every month as PF. This money is given to the employee after his retirement. But, many times on the death of the account holder, the money deposited in the PF account is given to the nominee of the account holder. But, there are many people who have not yet added a nominee to their PF account. Due to this they can cause big losses. Today we are going to tell you about 3 big benefits of e-nomination in PF account.
There will be no problem in withdrawing money
It is worth noting that if you have not yet entered the name of the nominee in your PF account, then you may have to face a big problem in the future. In the event of not adding a nominee, you will not be able to withdraw money for other needs apart from medical expenses and Kovid emergency. Therefore, if you have not yet completed the process of e-nomination, then do it immediately today.
7 lakh insurance benefits
Let us tell you that PF account holders get the benefit of insurance up to 7 lakhs from the Employee Pension Scheme and Employee Deposit Linked Insurance Scheme (EDLI). But, these schemes can be availed only when the process of e-nomination has been completed in your account. If an account holder dies in an accident, then the nominee will get the sum insured under the Employee Deposit Linked Insurance Scheme.
Process to complete e-nomination-
If you want to complete the nomination process in your PF account, then click on the official website of EPFO https://www.epfindia.gov.in/site_en/index.php.
-Select Services option here.
Then enter your UAN number and password.
After login, enter all the information like Aadhaar number, name, date of birth etc. of your nominee.
After this, finally complete your e-nomination process by entering Save EPF Nomination.
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