Aadhaar Card Number is Compulsory for Making E-Nomination in Emplyees Provident Fund Employees Provident Fund Organization (EPFO) has ma...
Aadhaar Card Number is Compulsory for Making E-Nomination in Emplyees Provident Fund
Employees Provident Fund Organization (EPFO) has made Aadhaar Card number compulsory for making e-nomination of PF account. Under the New EPF Account Rule, any employee whose PF account is linked to Aadhar can submit the name of a nominee. For this purpose, employee will have to enter the Aadhaar card number of nominee on the EPFO portal.
As per the recent EPFO notification, aadhar card number of all family members is mandatory for nomination. The notification has made some modifications to make functionality compatible with pension claim form and nominee claim form.
Form 10D is used to claim monthly pension under the Employees Pension Scheme while composite claim Form 10D/20/51F is used by nominees to make a claim after the death of EPF account holder.
New EPF Account Rules – Aadhar Mandatory for e-Nomination
Under the new set of EPF rules to make e-nomination of PF account, EPFO has made it compulsory to submit aadhar card number of all your nominees. EPFO has stated this new e-nomination functionality on its official website. Accordingly, Employee Provident Fund account to be linked with aadhaar and employee must submit aadhar card number of their nominee/s.
Along with aadhaar, this is also mandatory to submit scanned images of all your nominees, date of birth & mobile number. It is also a provision to submit bank account details of nominee which is optional. The e-nomination facility will remain available for those whose UAN (Universal Account Number) is linked to aadhaar card number.
As per the official notification, readily available nomination in the system would enable member to easily file online pension claims. In case of death of EPF account holders, his / her nominee can file online claim on the basis of OTP or their aadhaar linked mobile number.
E-Nomination at EPFO Portal
In the new e-nomination facility at EPFO portal, people can now submit details of all family members subject to availability of aadhar cards. To perform EPS nomination, system will prompt to provide EPS nomination in case spouse or children are not available.
On completion of the process, employees would be asked to sign-in using their virtual aadhaar ID which could be generated online at UIDAI portal. People can also take a printout of the PDF file generated & submit it to employer after placing signature on it.
Source / Reference Link: https://www.livemint.com/money/personal-finance/new-epf-account-rule-makes-aadhaar-card-mandatory-for-e-nomination-epfo-provident-fund-1568802758853.html