AD
Slide 1 of 7

Adding a nominee to your Provident Fund account: A step-by-step guide

egg,food,sphere,bowl,tape
Slide 2 of 7

What it's all about

Now, no one likes to think about their death, but it's important to know how what happens to your money in such an event.

You can assign a nominee to the various accounts and investments you have.


In the event of your death, your nominee will receive the balance in your accounts.


Slide 3 of 7

In case of a male EPF member:


  1. His wife, children, dependent parents etc


In case of a female EPF member:


  1. Her husband, children, dependent parents, dependent parents of the husband

What constitutes as 'Family'

Slide 4 of 7
  • Visit the EPFO website.
  • Go to the services section and click ‘For Employees.’
  • Click on the ‘Member UAN/Online Service’ option.
  • Login using your UAN and password.
  • Under the ‘Manage’ tab, select the option called ‘E-Nomination.’

Step-by-step process of adding nominee to your EPF account

Slide 5 of 7


  • You’ll then see a new tab called ‘Provide Details’ on the screen. Enter your details and click on the ‘Save’ option.
  • You will then have to update the family declaration. Click ‘Yes’ if you have family or ‘No’ if you don’t.
  • Then, add your nominee(s)


Step-by-step process of adding nominee to your EPF account

Slide 6 of 7


  1. Fill out shares for each nominee under ‘Nomination Details’
  2. Click on ‘Save EPF Nomination’ 
  3. Click on the ‘E-sign’ option to generate an OTP. Then, submit the OTP received on the mobile number linked with your Aadhaar card.

Step-by-step process of adding nominee to your EPF account

Slide 7 of 7

The Employees’ Deposit Linked Insurance (EDLI) is linked to your PF account and provides life insurance cover through which your family can raise a claim equal to 35 times your average monthly salary, capped at Rs 15,000 and subject to a limit of Rs 7 lakh

What exactly do nominees get?

Featured in this story
Transcript

Looks like your cart is empty. Why not go ahead and add some products in?

  • Get Link
  • Email
Link copied!
https://stories.fi.money/step-by-step-guide-to-adding-a-nominee-to-your-pf-account

Navigating Stories

Use the following gestures to browse story content

Go forward
Tap the screen
Pause
Press and hold
Go back
Tap the left edge
Move between stories
Swipe left of right