Compliances - meaning & definition - Legal compliance is the process or procedure to ensure…
The Employee provident fund (EPF) is a government-backed Retirement Benefits Scheme for the salaried members which is maintained by the Employees Provident Fund Organization (EPFO).
On a recent notice, EPFO mentioned why it is important to file an e-nomination. It stated for one to have the funds available from PF and insurance benefits in a timely manner or in an unfortunate scenario on a member’s sudden demise, the member nominated can be ensured to have the settlement in a seamless manner.
Who are entitled for e-nomination
- In the case of a male member, his wife, his children, whether married or unmarried, his dependent parents and his deceased son’s widow and children; Provided that if a member proves that his wife has ceased, under the personal law governing him or the customary law of the community to which the spouses belong, to be entitled to maintenance she shall no longer be deemed to be a part of the member’s family for the purpose of this scheme, unless the member subsequently intimates by express notice in writing to the commissioner that she shall continue to be so regarded.
- In the case of a female member, her husband, her children, whether married or unmarried, her dependent parents, her husband’s, dependent parents, her deceased sons’ widow and children; Provided that if a member by notice in writing to the commissioner expresses her desire to exclude her husband from the family, the husband and his dependent parents shall no longer be deemed to be a part of the member’s family for the purpose of this scheme, unless the member subsequently cancels in writing any such notice. <br.
- Explanation:- In either of the above two cases, if the child of a member [or as the case may be, the child of a deceased son of the member ] has been adopted by another person and if, under the personal law of the adopter, adoption is legally recognized, such a child shall be considered as excluded from the family of the member.
How to file the E-Nomination
Now, in order to file e-nomination, the EPFO members have to follow some simple steps, as follows:
Step 1: One has to visit the official EPFO website at epfindia.gov.in. Then one has to choose the ‘Service’ option. Again, one has to choose the ‘For Employees’ option. Now one has to click on ‘Member UAN/Online Service (OCS/OTP)
Step 2: Then one has to go login with UAN and password
Step 3: Now, one has to select ‘E-nomination’ under ‘ Manage Tab’
Step 4: Next ‘Provide Details’ tab will appear on the screen and one has to click on ‘Save’
Step 5: One has to click on ‘Yes’ to update the family declaration
Step 6: After this, one has to click ‘Add Family Details’. It has to be noted that more than one nominee can be added.
Step 7: Now, one has to click ‘Nomination Details’ to declare the total amount of share. Then one has to click on ‘Save EPF Nomination’
Step 8: Finally, one has to click on ‘E-sign’ to generate OTP and submit the OTP on a mobile number linked with Aadhaar
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