How to add EPS nomination in EPF: Step-by-step guide

New Delhi: Employees of the Employees’ Provident Fund Organisation (EPFO) have two types of accounts: Employee Pension Scheme (EPS) and Employee Provident Fund (EPF). Upon retirement, members can withdraw the amount of both accounts. When a nomination is added for the EPS and EPF accounts, the nominee is entitled to receive the benefits from the EPS account. The EPS nomination allows a member to designate someone to receive pension benefits in case of the member’s demise. This nomination can be made online via the EPFO website using the member’s Universal Account Number (UAN).

How to add Nominee in EPS?

Here’s a step-by-step guide to add EPS nomination in EPF:

Step 1: Access the EPFO Member e-Sewa Portal:
Visit the EPFO Member e-Sewa Portal and log in using your UAN and password.

Step 2: Navigate to E-nomination:
Under the ‘Manage’ tab, select the ‘E-nomination’ option.

Step 3: Enter New Nomination:
Click on ‘Enter new nomination’ on the next page.

Step 4: Proceed with Nomination:
Review your profile details and click on the ‘Proceed’ button.

Step 5: Family Declaration:
Select ‘Yes’ under the ‘Family Declaration’ section to add a new nominee or update details of an existing nominee.

Step 6: Enter Nominee Details:
Enter nominee details and upload the nominee’s photo, then click ‘Save Family Details’. To add more nominees, click on ‘Add now’ and repeat the process for each nominee.

Step 7: Save EPF Nomination:
Enter the total amount of shares for nominees and click ‘Save EPF Nomination’.

Step 8: e-Sign and Verification:
Under ‘Pending Nomination’, select ‘e-Sign’. Follow the steps to verify using Aadhaar virtual ID, including receiving and entering an OTP.

Step 9: Confirmation and Completion:
After successful verification, nominees are registered with the EPFO.
Check ‘Nomination History’ under the ‘Manage’ tab by selecting ‘E-nomination’ to view details.

Who can be a EPS Nominee?

It’s important to note that family members eligible for nomination include parents, spouse, and children. Siblings can be added as nominees only if the member declares that they do not have a spouse, children, or parents. By adding a nomination for the EPF account, nominees automatically become eligible to receive EPS pension benefits upon the member’s death. Therefore, separate nomination for EPS is not required if one has already been made for the EPF account.

 EPS Nomination process: By adding a nomination for the EPF account, nominees automatically become eligible to receive EPS pension benefits upon the member’s death.  Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today