Every employee is required to nominate a member(s) to the EPF account under the Employees’ Provident Fund Scheme, 1952. In this way, in case of a member’s demise, the nominated individual(s) can withdraw from the funds accumulated in the EPF account. The employee is required to fill up and submit Form 2 to declare and nominate the same.
|Purpose||Nomination and Declaration of the beneficiary|
|When to fill?||As per your convenience after getting enrolled in the scheme|
|How to fill?||Can be filled in both online and offline ways|
|Is there any update required?||The form needs to be filled out again after marriage|
|How many times can we update?||There is no limit on it. A member can change the nominations as many times he/she wants|
|Any additional documents needed?||No|
|Approval||No approval is required from the employer or the PF commissioner|
The PF nomination form 2 has a total of four sections, viz. General Information, Part – A (EPF proceeds), Part– B (EPS Proceeds) (Para–18), and Certificate by the Employer.
This section asks for the following details:
In this section, the EPF account holder has to provide information about the nominee by filling in the following details:
The EPS account, short for the Employees’ Pension Scheme, has a total share of 8.33% out of 12% of the employer’s contribution to EPF. The EPS proceeds of a member’s PF account are also given to eligible nominees. In this section, you need to provide details of the family member(s) eligible to receive the pension. The member has 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 has to give detail such as:
A married employee and member of the EPF with/without parents who are dependents can nominate one or more persons in his family as per the following conditions:
A member of the Family Pension Scheme can nominate a family member to receive the savings on his/her demise, given that the member is:
The EPF Form 2 needs to file the nomination details in form No.2, after which they need to submit the application form to the employer. When nomination form 2 has been filed, the nomination details will be updated in the EPF account. The nominee will get the fund in the proportion that is mentioned in form 2.
A member who has a registered UAN at the unified EPF Member Portal can fill his e-Nomination online. In case you have not registered at the EPF member portal, you will have to first activate your UAN and then follow these simple steps for e-Nomination:
Follow the same steps for the EPS section for availing benefits of the pension scheme.
Q1. What is the EPF form 2?
The EPF form 2 is a form of nomination and declaration. It lets the nominees listed by the employee make a claim to the accumulated fund in your EPF account when there is a demise.
Q2. In what modes can I make EPF nomination?
A member could place nomination requests online and offline.
Q3. If I am not married, can I nominate someone from outside?
Yes. But, if you were going to get married the old nomination will be treated as invalid and the benefits will become payable to the spouse and children if there are any.
Q4. How will the PF amount be paid when the member has not nominated anyone?
The PF amount will be payable to the family members in equal parts. In the case when there is no eligible family member then it becomes payable to the person who is legally entitled to it.
Q5. Who will be given the PF amount if there is no valid nomination and the PF member does not have any family?
In this case, the amount will be given to the member’s parents.