EPF stands for Employees’ Provident Fund (EPF). It is a scheme that provides a monetary benefit to all the salaried individuals after their retirement. Every member needs to submit a declaration and nomination under the Employees’ Provident Fund Scheme, 1952, and Employees’ Pension Scheme, 1995. The employee needs to file a nomination through the EPF Form 2 so that the nominated person gets the fund accumulated in the account in the event of the unfortunate death of the employee.
Overview of the Form 2
|Purpose||The declaration and nomination of the beneficiary|
|When to fill||Any time after enrolling yourself in the scheme|
|How to fill||Either online or offline|
|Update required||The form needs to be filled again after you get married|
|Submission limit||There is no as such limit and the member can change the nominations as many times as they want|
|Documents||There is no requirement for the additional documents|
|Approval||No requirement of approval from the employer or the PF Commissioner|
Contents of EPF Form 2
The EPF Form 2 has total four sections, namely:
This section contains the following information:
Part – A (EPF)
Here, in this section, EPF account holder needs to provide information about the nominee whom he or she would like to nominate to receive EPF account balance in the case of his/her death. The following are the details that need to be provided in this section:
Part – B (EPS) (Para 18)
The EPS proceeds of a member’s PF account is also disbursed to the eligible nominees. This section requires you to furnish details of the family member(s) eligible to receive the widow/ children pension in the event of the death of the member. The member is required to mention the following details in this section:
In case of nomination for monthly widow pension (admissible under Para 16 2(a) (i) and (ii)), the member is required to give the following details such as:
Certificate by the Employer
The employer is required to certify the details mentioned in the form and needs to mention following details as well such as-
How to Fill e-Nomination Online?
Under EPF Scheme-
A member whose UAN has already been registered at the unified EPF Member Portal can fill his e-Nomination online. In the case, if it is not registered, then you will have to first activate your UAN and then follow the below mentioned steps:
Step 1: Firstly, login to the EPF member portal using your UAN and password.
Step 2: Choose the option “e-Nomination” under the the “Manage” section.
Step 3: Then, enter your “Permanent Address” and “Current Address” in your “Profile” and click on “Save”.
Step 4: Select whether you have a family or not.
Step 5: Enter details of the family member such as Aadhaar number, name, date of birth, gender, relation, address, guardian (in the case of minors) and then click on “Save Family Details”. If you want to add more nominees, then you need to select the “Add Row” option.
Step 6: Now select the nominees from the list and enter the total amount of share. Now, click on “Save EPF Nomination”