Update Your EPF Nominee Information Online

The Employee Provident Fund Organisation (EPFO) is a retirement savings account that is available to all salaried workers in India. Additionally, each EPF account holder must designate a nominee to act on their behalf. In the event of the account holder's untimely demise, the nominee will be able to access the funds in the EPF account.  

If the member's nominee changes, they can make those changes through the online system. Formerly, the employer had to submit Form 2 to EPFO in order to make a change to the nomination. The EPF member portal has made it easier than ever to update a nominee's information.  

Members must meet the following requirements before submitting an EPF Nominee Update:

• UAN (Universal Account Number) activation with Aadhaar authentication.
• The Aadhaar-associated mobile phone number
• Photos and current addresses must be uploaded to your EPF account.
• Photo of the nominee in digital format
• Individual's Aadhar number who is being nominated
• Include the bank account number, IFSC code, and nominee's address.

For the purposes of nomination, only immediate family members (spouse, children, and parents) will be counted. Select "No" under "Having Family" if the member doesn't want to include their parents or children as nominees, but "Yes" if they want to include their siblings.

Electing Members to the EPF

The account holder can update the nominee's information or add a new one at any time through the portal. To nominate someone for the EPF, follow these guidelines:

• Nominating a beneficiary for your EPF account makes it much simpler to transfer your funds in the event of your death.  
• Each EPF account holder has the option of designating one or more individuals to receive benefits from their account in their absence.
• If there is more than one nominee, the account holder must designate a percentage of the shares to be distributed to each nominee. In the event of the account holder's death, the amount will be distributed to the nominee based on the percentage indicated in the beneficiary designation.  
• Only a member of the account holder's immediate family may be designated as a beneficiary. Aside from that, registering someone who isn't related to you is a waste of time.  
• Any close relative can be a nominee if the holder does not have any children at the time of nomination. Once a family member is established, however, the nomination must be made in that person's name. In the event the nominee is a minor, a parent or legal guardian should be appointed.  
• The holder is required to submit new nominations prior to the wedding if he or she has made any nominations prior to the wedding. That's because nominations made prior to a marriage are null and void.  
• The EPF account maturity amount is paid to the designated beneficiary in the event of the account holder's death. Plus, if there is any compensation, it will be distributed fairly.  
• If no one is designated as the beneficiary, the maturity proceeds will be split among the heirs equally. Certain terms and conditions apply to the distribution of the funds, however.  

Accordingly, the emphasis of these nomination rules is on designating a beneficiary for the EPF account. The failure to name a nominee for an EPF account can cause tension in the family.  

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