EPFO E-Nomination: Employees’ Provident Fund Organization (EPFO) has issued a big update for all PF account holders. If all the PF account holders do not do this work before 31 March, then all their PF money can get stuck.
New Delhi: Employees’ Provident Fund Organization (EPFO) has issued a big update for all PF account holders. If all the PF account holders do not do this work before 31 March, then all their PF money can get stuck. Significantly, EPFO has made it mandatory for all account holders to do e-nomination. If any account holder does not file an e-nomination before the stipulated time limit, then he may be deprived of the benefits of many facilities linked to EPFO.
PF money can get stuck
Many employees across the country contribute to the PF account. The amount deposited by the employee in the PF account, the same amount is deposited in the PF account by the organization of the employee. This amount contributes a lot to the secure future of the employee and his family.
Recently, the central government has made it mandatory for all account holders to file e-nomination. Under this, the employee can make any member of his family his nominee. If the employee does not do this, then in the event of the death of the employee due to any reason, his family may have to face a lot of trouble withdrawing the amount deposited in the PF account.
Will not be able to check the passbook balance
According to the recent update by EPFO, if employees do not file an e-nomination for their PF account before March 31, they may also be denied access to the passbook of the PF account.
If you would like to access your passbook and ensure that e-nomination is done before 31st March 2022, kindly call on Karma Management or visit their office at Santacruz East, Mumbai at the earliest who will help you to attend to this urgent matter on a priority basis.