EPFO Update: Ex-gratia Amount Increased to Rs 8 Lakh; Details Inside

In a recent circular, the EPFO requested an increase in the ex-gratia amount from Rs. 4.2 lakh to Rs. 8 lakhs. According to the circular, the Central Board employee's family members (nominee or legal heirs) would get an ex-gratia amount of Rs. 8 lakh from the welfare fund. Only if the cause of death is other than corona. 

EPFO members should be aware that the rules will take effect immediately and be applicable to future cases where the date of death occurs after the day the circular is issued, i.e., on November 2, 2021. It is expected that around 30,000 employees nationwide will now profit from EPFO's revised decision. The institution also notified its employees about this decision by distributing a circular at its offices.

It's important to note that EPFO tweeted from its official Twitter account regarding e-nomination. The tweet said, “Why should one file e-nomination?”  EPFO members can now take a few easy steps to submit an e-nomination.

Follow These Steps to File an E-Nomination

• You need to go to the official website of EPFO, epfindia.gov.in

• Then one has to choose the ‘Services’ option

• Then you have to choose the option ‘for employees’

• Now, you have to click on ‘Member UAN/Online Service (OCS/OTP)

• Then login with UAN and Password

• Now, under the ‘Manage Tab’ one has to select ‘e-Nomination’

• Next ‘Provide details’ tab will appear on the screen and one has to click on ‘Save’

• Click on ‘Yes’ to update the family declaration

• After this click on ‘Add Family Details’. It is to be noted that more than one nominee can be added

• Now, one has to click on ‘Nomination Details’ to declare the total amount of the share.

• Then click on ‘Save EPF Nomination’.

• Finally, click on ‘e-Sign’ to generate OTP and submit OTP on an Aadhar-linked mobile number.

• Keep in mind that after this process the e-nomination will be registered with the EPFO.

• After e-nomination, there is no need to provide any documents to the employer or the previous employer.

Members of EPFO may visit epfindia.gov.in, the organization's official website, for further information.