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EPFO makes nomination mandatory for online claims
The Employees' Provident Fund Organisation has made it compulsory for members to update nomination and KYC details to complete online claims, check balances via passbook, and use other digital services. Subscribers can…
The Employees' Provident Fund Organisation has made it compulsory for members to update nomination and KYC details to complete online claims, check balances via passbook, and use other digital services. Subscribers can add nominees online or offline.
For male subscribers, eligible nominees include spouse, children, dependent parents, son's widow and children. For female subscribers, eligible nominees include husband, children, dependent parents, spouse's dependent parents, son's widow and children. Unmarried members without children can nominate anyone, but that nomination becomes invalid if they later acquire a family.
To file e-nomination, members must log into the EPFO portal with their UAN and password, select e-nomination under the Manage tab, enter family details, nominee details including Aadhaar and share percentage, and complete the process using e-sign with an OTP sent to the Aadhaar-linked mobile number.
Indian Opinion Analysis
The EPFO's move to tie nomination updates to online access reflects a push to reduce pending claims and fraud. Under the EPF Scheme 1952, nomination is not a one-time formality: it must be updated whenever a member's family status changes, such as marriage or birth of a child. A lapsed nomination can delay settlements for dependents, who then have to file claims manually. The 8.25% interest rate for FY26, confirmed for the third year in a row, keeps EPF competitive against other small savings instruments. Members who have not yet filed e-nomination will need to do so before attempting any online withdrawal or passbook update.
Source: livemint.com
This brief was synthesised by AI from the source linked above.
