EPFO’s electronic nomination process: Members of the Employee Welfare Organization (EPFO) should note that they can apply for FP, Pension (EPS) and Insurance (EDLI) benefits online. EPFO members can log onto the official EPFO website at epf.gov.in with any questions.
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In one of its recent tweets from the official Twitter account, EPFO tweeted about the benefits of submitting an electronic application online. The tweet read: “Why should we submit an electronic application?
Why submit an e-Nomination?#Social Security #EPF #PF #EDLI #Pension # ईपीएफओ # ईपीएफओ @byadavbjp @Rameswar_Teli @PMOIndia @PIB_India @PIBHindi @MIB_India @DDNewslive @airnewsalerts @mygovindia @PTI_News pic.twitter.com/1fA7lYhULi
– EPFO (@socialepfo) September 24, 2021
The advantages of submitting an electronic application are as follows:
1) Helps to easily obtain provident fund (PF), pension (EPS) and insurance (EDLI) benefits in the event of member’s death
2) It also allows the candidate to file complaints online
In another tweet. EPFO said, “Submit your electronic application today to get Contingency Fund (PF), Retirement (EPS) and Insurance (EDLI) benefits online.”
Submit your electronic application today to benefit from the Provident Fund (PF), Pension (EPS) and Insurance (EDLI) benefits online.#Social Security #EPF #PF #EDLI #Pension # ईपीएफओ # ईपीएफ@byadavbjp @Rameswar_Teli @PMOIndia @DDNewslive @airnewsalerts @PIB_India @PIBHindi @MIB_India @mygovindia @PTI_News pic.twitter.com/TuiQxTHDvJ
– EPFO (@socialepfo) September 24, 2021
In order to submit an electronic application for EPF, EPS and EDLI, EPFO members need to follow a few simple steps. They are as follows:
Step 1: Visit the official EPFO website at epfindia.gov.in. Then you have to choose the ‘Service’ option. Once again, you have to choose the option “For employees”. Now you have to click on ‘Member UAN / Online Service (OCS / OTP)
2nd step: Then you have to connect with UAN and password
Step 3: Now you have to select “E-nomination” under “Manage tab”
Step 4: The next tab “Provide details” will appear on the screen and you must click on “Save”
Step 5: You must click on ‘Yes’ to update the family declaration
Step 6: After that, you have to click on “Add family details”. Note that more than one candidate can be added
Step 7: Now you have to click on ‘Nomination Details’ to declare the total amount of the share. Then, click on ‘Save EPF Nomination’
Step 8: Finally, you must click on ‘E-sign’ to generate the OTP and submit the OTP on the mobile number linked to Aadhaar
Note that after this process, the e-nomination will be registered with EPFO. After electronic appointment, there is no need to send any documents to the employer or ex-employer.
Benefits of EPF
EPFO members should be aware of the various advantages of the EPF diet. They are as follows:
1) Accumulation plus interest in the event of retirement, resignation, death.
2) Partial withdrawals allowed for specific expenses such as building a house, higher education, marriage, illness and others
Benefits of EPS
The advantages of the EPS plan are as follows:
1) Monthly benefits for retirement / retirement pension, invalidity, survivor, widow (er), children
2) Amount of pension based on the average salary over the last 12 months from the date of exit and the total number of years of employment
3) Minimum invalidity pension
4) Benefits for past service to members of the former family pension scheme
Benefits of EDLI
The EDLI plan is an insurance plan that provides life insurance benefits to all employees who are members of the Employee Contingency Fund Plan, 1952 or FP plans exempt under Section 17 of the Act. EPF & MP, 1952. The EDLI scheme is supported by a nominal contribution from employers (@ 0.5 percent of monthly salary, up to the maximum salary limit of Rs 15,000).
No contribution is due by employees to benefit from insurance coverage under this plan. The benefits payable under the EDLI scheme have been increased by the central government.
For questions and further details, EPFO members can log onto the official EPFO website at epfindia.gov.in.