EPFO: How to file nomination for your provident fund account online? Who can be nominee? Check steps here…

The Employees' Provident Fund Organisation (EPFO) recently updated its rules to make it easier for members to designate nominees for their retirement savings. This change is significant because, without a valid nomination, the process of distributing the accumulated corpus to legal heirs can become legally complex and time-consuming. By formally appointing a nominee, investors ensure a smoother and faster settlement of their funds in the event of their demise.
To file a nomination, members can now use the 'e-nomination' facility on the EPFO portal or the UAN member portal. The process is straightforward and can be completed in just a few clicks. It is important to note that a nominee is not necessarily a beneficiary, as the fund is legally the property of the member, but the nomination simplifies the transfer of ownership to the chosen individual.
Key takeaways
- Category: Stocks.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.











