EPFO new facility - will be able to change the nomination

Employees' Provident Fund Organization (EPFO) provides various benefits to its customers. In this, a great facility is available to all EPFO ​​members in the form of Provident Fund (PF). Now EPFO ​​has also started providing nomination facility for this. Now any member of EPFO ​​can submit EPF, EPS nomination digitally by logging in to EPFO ​​website epfindia.gov.in. Those who are EPF account holders, keep in mind that by filing a new PF nomination, the EPF or the nominee linked to the PF account can be changed.

Now any EPFO ​​subscriber can change the nominee linked to his PF account without even asking EPFO. For this, the subscriber will have to file a new PF nomination. More than one person can also be added to EPFO's e-nomination. There is no need for the customers to submit the hard copies of the required documents after submitting the EPF and EPS nominations through online mode.

About EPFO Wiki :

The Employees' Provident Fund Organisation is the statutory body under the ownership of Ministry of Labour and Employment, Government of India that is responsible for regulation and management of provident funds, pensions and the mandatory life insurance in India.

• Founded: 4 March 1952, New Delhi
• Jurisdiction: India
• Headquarters: New Delhi

Notes :

On 1 October 2014, the Government of India launched a Universal Account Number for Employees covered by EPFO to enable Provident Fund number portability.

On 5 March 2020, the EPFO lowered the interest rate on employee provident funds to 8.50% for 2019-20, from 8.65%. The EPFO has retained the interest rate of 8.50% for the fiscal year of 2020-21.

The EPFO administers the mandatory provident fund and the mandatory pension and life insurance schemes for the Indian workforce. It also manages social security agreements with other countries. International workers are covered under EPFO plans in countries where bilateral agreements have been signed.

The Employee's Pension Scheme (EPS) has been controlled by the Employee's Provident Fund Organization (EPFO) since 1995. The main advantage of this scheme is to provide social security to its PF members. Under this scheme, employees working in the organized sector can gain pension benefit after reaching age 58. This EPS applies to both new members and existing members.