EPFO BIG Update! Ex-gratia Amount Increased to Rs 8 Lakh; More Details Inside

EPFO Latest News: The EPFO recently issued a circular requesting that the ex-gratia amount be increased from Rs 4.2 lakh to Rs 8 lakh. According to the circular, an ex-gratia payment of Rs 8 lakh will be made from the Central Board's welfare fund to the family members (nominee or legal heirs) of the deceased employee. Corona illness was not the cause of death. 

EPFO members should be aware that the instructions will take effect immediately and will apply to cases where the date of death occurs after the date of the circular. EPFO's new decision is likely to benefit around 30,000 employees across the country. The institute has also issued a circular informing its employees of this decision.

It's worth mentioning that EPFO's official Twitter handle recently tweeted about e-nomination. "Why should one register an e-nomination?" the tweet asked. EPFO members must now complete a few simple procedures in order to file an e-nomination.

Below We Have Mentioned The Steps To File E-Nomination

• To find out more, go to EPFO's official website.

• Then select 'Services' from the drop-down menu.

• Again, the option 'for employees' must be selected.

• Now, select 'Member UAN/Online Service (OCS/OTP)' from the drop-down menu.

• Then use your UAN and password to log in.

• 'e-Nomination' must now be selected from the 'Manage Tab'.

• The 'Provide details' option will then display on the screen, and you must click 'Save' to proceed.

• To change the family declaration, select 'Yes.'

• After that, select 'Add Family Details' from the drop-down menu. It should be noted that many nominees can be added.

• To declare the total amount of the share, select 'Nomination Details' from the drop-down menu.

• Then select 'Save EPF Nomination' from the drop-down menu.

• Finally, select 'e-Sign' to generate an OTP and send it to an Aadhaar-linked phone number.

• Keep in mind that your e-nomination will be recorded with the EPFO when you complete this process.

• After e-nomination, there is no need to provide any documentation to the employer or previous employer. EPFO members can visit the EPFO's official website at epfindia.gov.in for additional information and questions.