Retirement fund manager Employees Provident Fund Organization (EPFO) is focusing on achieving 100 percent registration of e-nominations to PF accounts and emphasized on the criticalness for withdrawing EPF deposits for non-medical purposes.
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Talking about the e-nomination, EPFO has said that one should file e-nomination. It helps in getting PF, pension (EPS) and insurance (EDLI) benefits easily on members death. It shall also facilitate a nominee to file online claims. There is, however, a buzz that the EPFO website is not working in patches, and its server is slow, which is making it difficult to transact faultlessly.
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A senior government official said, “As part of the initiative, EPFO is asking employers that except for medical related claims and COVID-19 advances, it is now a must to have nomination details before employees are allowed to withdraw the PF corpus for any other reasons. The aim is not to put any one in inconvenience, but improve the EPF user experience, reduce paper works, and make sure that all accounts are clean in terms of claimants when time arises.”
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The official said that while e-nomination as a provision was there for the past couple of years, it has become a “mission mode objective” of the EPFO in the last eight weeks or so.
