last date of nomination in epf account: Is there a last date to file e-nomination in EPF account?

Must read

There were news reports (not doing the rounds last month that December 31, 2021 was the last to file nomination in one’s Employees’ Provident Fund (EPF) account. And that not doing this before the deadline would result in one’s EPF account not getting credited with the amount. However, as per the EPFO website, there is no last date for updating e-nomination in one’s EPF account.

Added to this, the EPFO had clarified via a tweet on its official Twitter account that nomination in the EPF account can be filed after December 31, 2021 too. The tweet read:
You can file nomination beyond 31st December 2021. But choose to file e-nomination today.

It is important to ensure that an individual makes a nominee in his/her EPF and EPS (Employees’ Pension Scheme) account so that after their demise, monetary proceeds can be easily given to the nominee. In the absence of a nominee, extra documents can be demanded by the EPFO before the money is credited to the legal heir(s) accounts.

EPF-WebsiteET Online

Screenshot from EPF website

An EPF member is also covered under the Employees’ Deposit linked Insurance (EDLI) scheme. Under the scheme, an individual’s nominee is entitled to receive a maximum of up to Rs 7 lakh after the death of an EPF member.

EPF members can file a fresh nomination or update the existing nomination on the Member Sewa portal of the EPFO. Click
here to know the
steps to file nomination in your EPF account online.

As per EPF rules, after the marriage of an EPF member, the previous nomination made becomes null and void. Thus, if an EPF member has recently gotten married, then it is important to ensure that a fresh nomination has been filed after marriage.

Also Read:
Getting married makes your EPF nomination null, void

Also Read:
You can file e-nomination after Dec 31 too

Source link

More articles

- Advertisement -


- Advertisement -

Latest article