Employee Provident Fund Nominee

The Employees’ Provident Fund (EPF) is a well-known savings program that the EPFO launched under the direction of the Government of India. The savings program is aimed at the salaried class to encourage their savings behavior and help them accumulate a sizeable retirement fund. 

It is a government-backed pension plan in India. The money in an EPF account belongs to you—it’s not something that can be taken away from you like other forms of insurance. The objective of this system is to ensure that the members can have enough money when they retire 

The three main Acts that govern the program are the Employees’ Deposit Linked Insurance Scheme Act of 1976 (DLISA), the Employees’ Pension Scheme Act of 1995 (EPSA), and the Employees’ Provident Fund Scheme Act of 1952 (EPFSA). These three Acts lay out exactly how much employers and employees should contribute every month, what percentage will go into each type of account, and what happens when someone leaves or loses their job. 

The Employee Provident Fund Organization (EPFO) offers you the opportunity to nominate any one or more of your family members as an Employee Provident Fund nominee for a secure future by investing in an annuity plan through the organization.

An Employee Provident Fund nominee is a designated individual who will receive the employee’s provident fund balance in the event of their death. 

Your Employee Provident Fund nominee can be anyone—your spouse, children or parents. When choosing who should be your Employee Provident Fund nominee after your passing, think about what would make you most comfortable knowing that person will have access to it when they need it most! 

The person nominated in the position of Employee Provident Fund nominee will receive the full amount of the Employee Provident Fund (EPF) account in the event of the death of the employee. This person is expected to have enough money in the account to take care of themselves for a number of years. You can choose to have the EPF account managed by an independent Employee Provident Fund nominee or you can hold the account with your financial institution. 

Employees having families can nominate any one or more of the family members as Employee Provident Fund nominee under EPF Scheme, 1952. Employees not having any family member as Employee Provident Fund nominee can nominate any other person, but the nomination will become invalid in case of the member acquiring family. In the Employee Provident Fund Nominee’s Nomination process, the member must be aware of the UAN login process. Having basic information about the EPF scheme. If it’s not, Our HRTailor Nomination of Employee Provident Fund nominee updation service* guide in details on UAN login, Nomination procedure of Employee Provident Fund nominee, also guide about EPF passbook. Our PF consultants get access to a PF account for collecting personal information of employees During the Nomination Process of Employee Provident fund Nominee, which is required for compliance with statutory provisions. As mentioned earlier, The EPFO has compulsory e-nomination of Employee Provident Fund nominee for all its EPF members. While no deadline has been set at the moment, EPF members can e-file nomination of Employee Provident Fund nominee of their own choice. We will help you in registration process of Nominating your Employee Provident Fund nominee and other update PF related account Online. 

1. Once you have Signed Up and purchased a Service from HRTailor Portal.   
2. HRTailor will assign a Dedicated Account HR Manager to you.    
3. HRTailor Account Manager will connect with you to explain the Process of Service and collect necessary data to perform the Nomination Process of your Employee Provident Fund nominee. 
4. After the Data/ Documents has been received from you, the Account HR Manager will complete the Tasks on Promised Timeline.   
5. Once the promised Deliverables are shared, HRTailor Account Manager will close the ticket request which was raised by customer on the HR Portal.  

• Name of the member   
• Name and address of the establishment/Factory 
• Father/husband’s Name  
• Date of birth  
• Signature of employer/authorized officer 
• Permanent address  
• Name of the nominee  
• Signature of the subscriber 
• Complete address of the nominee  
• In case the nominee is a minor, the member has the guardian who will receive  the PF amount 
• Member’s relationship with the Nominee 
• Date of birth of the nominee 

• The Employee Provident Fund nominee is the person who will receive the funds from the EPF account in case of death or disability of the employee. The nomination must be made in writing, and both the employee and the nominee must sign the nomination form. 
• The Employees’ Provident Fund Organization (EPFO) recently mandated that all EPF members submit their nominations electronically. To ensure that their Employee Provident Fund is paid to the appropriate person(s) in the case of their death, members must register their Employee Provident Fund nominee(s) online.  

• Having an Employee Provident nominee for your EPF account is one of the best things you can do for your family, this way, if something happens to you, they won’t have any trouble receiving the financial benefits they’re entitled to. 
• Finally, having an Employee Provident Fund nominee provides peace of mind that your retirement savings are being taken care of. Many people worry about whether or not they’ll have enough money to live comfortably in their retirement years. With an Employee Provident Fund nominee, you can rest easy knowing that your savings are in good hands. 
• So, if you are an employee with a provident fund, be sure to designate a nominee, having an Employee Provident Fund nominee ensures that your loved ones are taken care of. 

Dedicated HR Manager   

HRTailor will provide you with your very own HR Manager/ Advisor to complete your Nomination of your Employee Provident Fund nominee.  All our HR Managers are trained HR professionals having remarkable experience and been providing Nomination of Employee Provident Fund Nominee Service for Years Now. HR Manager can be available with you via Call or Email or by Portal Chat Option.   

7 Days Delivery  

If we have received all the documents from employers with immediate response, it will only take us seven working days to file the application with the Registrar.  

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