How to Do EPS Nomination in EPFO – Know the Process

Nomination in EPFO is an essential aspect of managing your Employee Provident Fund (EPF) account, ensuring that your benefits are allocated to the right individuals in the event of an unfortunate incident. Specifically, the Employees’ Pension Scheme (EPS) nomination holds significant importance as it provides financial security to your family members. In this blog, we will guide you through the process of EPS nomination in EPFO, ensuring you understand each step and can complete it with ease. 

Why EPS Nomination in EPFO is Important 

The EPS, or Employees’ Pension Scheme, is an integral part of the EPFO framework in India. It provides pension benefits to employees in the private sector after retirement or in the event of their death. Ensuring that your EPS nomination in EPFO is current and accurate is crucial for safeguarding the financial well-being of your family members. This not only ensures that the rightful beneficiaries receive the pension benefits but also helps in avoiding legal disputes and delays. 

In this blog, we will delve into the detailed steps required to complete the nomination process, highlight the importance of keeping your nomination updated, and provide tips to make the process smoother. By understanding and following these steps, you can ensure that your family’s financial future is secure. 

Here’s why EPS nomination in EPFO is crucial: 

1. Financial Security: Nominating family members ensures that they receive the financial benefits from your EPF and EPS accounts in your absence. 

2. Legal Clarity: Proper nominations prevent legal disputes among family members regarding the distribution of funds. 

3. Quick Processing: Nominations ensure that claims are processed quickly, without delays due to lack of clarity on the beneficiary 

Steps Involved in EPS Nomination in EPFO 

Here is a detailed guide on how to do EPS nomination in EPFO: 

Log in to the UAN Member Portal 

To begin with, you need to log in to the EPFO member portal using your Universal Account Number (UAN) and password. 

1. Visit the EPFO member portal at the EPFO Member Portal. 

2. Enter your UAN, password, and the captcha code to log in. 

3. Access the Profile Section 

Once logged in, navigate to the ‘Profile’ section. Here, you will find the option to manage your nominations. 

1. Click on ‘Manage’ from the top menu. 

2. Select ‘e-Nomination’ from the dropdown list. 

3. Add family details 

Before you nominate someone, you need to add family details to your profile. This step involves providing information about your family members. 

1. Click on ‘Add Family Details’. 

2. Enter the required details such as name, date of birth, and relationship. 

3. Save the information. 

4. Nominate family members for EPS 

After adding family details, you can proceed to nominate them for your EPS benefits. 

1. Select ‘Yes’ to update the family nomination. 

2. Choose the family member(s) you wish to nominate. 

3. Allocate the percentage of share each nominee will receive. Ensure the total percentage equals 100%. 

4. Save and authenticate with e-sign 

Once you have entered the nomination details, you need to save and authenticate the information using an electronic signature (e-Sign). 

1. Click on ‘Save EPF Nomination’. 

2. Authenticate the nomination using your Aadhaar-linked OTP. 

3. Submit the nomination 

After e-sign authentication, submit the nomination. The system will confirm that your EPS nomination in EPFO has been successfully updated. The ‘Nomination History’ can be seen under the ‘Manage’ tab by clicking on the ‘E-nomination’ option. 

Updating or Changing Nominations in EPFO 

Life changes, and so might your preferences for nominations. Here’s how you can update or change your nomination in EPFO: 

1. Log in to the UAN Member Portal: As with the initial nomination, start by logging in to the EPFO member portal using your UAN and password. 
2. Access the e-Nomination Section: Navigate to the ‘e-Nomination’ section under the ‘Manage’ tab. 
3. Update Family Details: You can add, remove, or update family details as necessary. 
4. Modify Nomination: Adjust the nominations by selecting new family members or changing the share percentage. 
5. Authenticate and Submit: After making the necessary changes, authenticate with your Aadhaar-linked OTP and submit the updated nomination.

Tips for a Smooth Nomination Process 

To ensure a seamless nomination process, consider the following tips: 

1. Accurate Information: Double-check all details before submission to avoid errors. 

2. Regular Updates: Periodically review and update your nominations to reflect any changes in your personal circumstances. 

3. Communicate with Nominees: Inform your nominees about their nomination and the percentage share to avoid confusion later. 

Common Issues and Solutions 

While the process of EPS nomination in EPFO is generally straightforward, you might encounter some common issues. Here are solutions to these problems: 

1. Technical Issues: If you face technical issues while updating nominations, contact the EPFO helpdesk for assistance. 

2. Incorrect Details: If incorrect details are entered, you can correct them by re-entering the accurate information and resubmitting the nomination. 

3. Authentication Problems: Ensure your Aadhaar is linked and updated to avoid issues with e-sign authentication. 

TrackMyPF App by Finnable  

Manage your Provident Fund effortlessly with Finnable’s TrackMyPF app, your comprehensive PF management companion. TrackMyPF not only allows you to monitor your PF balance in real-time but also provides a step-by-step guide to the withdrawal process and tracks your employer’s monthly contributions. You get timely alerts on any discrepancies and project your future balance to plan ahead financially. The app also offers valuable insights into growth and tax-saving opportunities, aiding you in making informed financial decisions. With an intuitive interface and a strong emphasis on privacy, TrackMyPF ensures a smooth and secure PF management experience. 

Conclusion 

Properly managing your EPS nomination in EPFO is a critical step in ensuring the financial security of your loved ones. By understanding the process of how to do EPS nomination in EPFO, you can easily update and manage your nominations, providing peace of mind for both you and your family. 

In conclusion, keeping your nominations up-to-date is not just a regulatory requirement but a vital aspect of financial planning. It ensures that your hard-earned savings are directed to the right individuals, preventing legal disputes and ensuring timely financial support for your family. Regularly review and update your nomination in EPFO to reflect any changes in your personal circumstances, and keep your family informed about their entitlements. 

Stay proactive, stay informed, and secure your financial future with proper EPS nominations in EPFO.