NS Employees Provident Fund Organization (EPFO) recently issued notice to all its PF Customer. In the notice, the retirement fund body urged its members to file their e-nomination so as to ensure social security of the family of the account holder. NS EPFO The official Twitter handle tweeted urging members to do the same and included a video showing the step-by-step process on how to do it. In the tweet, it read, “Members should file e-nomination today to provide #social security to their families. Follow these easy steps to file EPF/EPS enrollment digitally.
Here’s how you can file your EPF/EPS enrollment digitally
Phase 1: Visit the official website of EPFO.
Phase 2: Click on the ‘Services’ option.
step 3: Then click on the ‘For Employees’ section.
step 4: Once you are redirected, click on the option ‘Member UAN/Online Service’.
Step 5: You will be redirected to the official Member e-Sewa Portal, where you will have to log in. For this do so by using your UAN, Password and Captcha code.
Step 6: Once inside the portal, go to the ‘Manage’ tab on the drop-down menu and select e-nomination
Step 7: Select ‘Yes’ option to update the family declaration
Step 8: Click ‘Add Family Details’ (Keep in mind that you can also add more than one nominee, to make sure there are multiple family members).
Step 9: Select ‘Nomination Details’ so that you can declare the total amount of the share.
Step 10: Once you have done that, click on ‘Save EPF Nomination’.
Step 11: After moving to the next page, click on ‘e-Sign’ option to generate One-time Password (OTP). It will be sent to the mobile number linked to your Aadhar card.
Step 12: Enter the OTP sent to your registered mobile number.
Step 13: As soon as you complete this, the process of registering the e-nomination with EPFO will be completed.
In June this year, the EPFO had increased the maximum assurance benefit under the Employees’ Deposit Linked Insurance (EDLI) scheme to Rs 7 lakh. The EDIL scheme was mandated as an insurance cover for all employees enrolled in EPF. Under this scheme, if the employee dies due to natural causes, illness or accident, the nominee will receive a payout of up to Rs 7 lakh. Every organization that is under the EPF and Miscellaneous Provisions Act, 1952 automatically gets enrolled for EDLI. The minimum payout for death insurance was Rs 2 lakh while the upper limit was Rs 6 lakh. Then it was increased from Rs 2.5 lakh to Rs 7 lakh.
The labor ministry had then said that the minimum assured benefit of EDLI would extend to the family of the deceased employee, even if they had worked in more than one firm in the last 12 months up to the time of their death.
The labor ministry also said that the family members of an employee enrolled in the Employees’ State Insurance Corporation (ESIC) who died due to COVID-19 will also be eligible to receive pension for two years. As per the guidelines, registered or enrolled family members will get 90 per cent of the average daily wage of the employee for a period of two years, the ministry said.
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