Provident fund (PF) nomination rules 2019: Eligible family members, modification rules

The Employees’ Provident Fund Organisation (EPFO), the apex body regulating the Employee Provident Fund (PF) scheme, offers the facility of nomination in order to ascertain that the provident fund should be transferred to the beneficiary of the account holder in case the earlier is not in a position to receive the PF amount. A person having an EPF account can nominate one or more persons who can receive the PF amount that may stand to his credit in the provident fund account. 

Provident fund nomination basic rules
A nominated person by the PF account holder can claim the provident fund balance in the event of the death of PF account holder, before that amount becomes payable or, having become payable, has not been paid. 
In order to make a nomination, a person is required to fill the Form No. 40A or a form prescribed by the EPFO.
A person nominating more than one person is required to specify the amount or the share payable to each of the nominees in such manner as to cover the whole of the amount that may stand to his credit in the provident fund account. 

Provident fund (PF) nomination rules for family 
Ths ‘spouse,’ ‘legitimate children,’ ‘stepchildren,’ ‘deceased son’s widow,’ ‘deceased son's legitimate children,’ ‘deceased son's step-children’ and ‘dependent parents’ are considered as legal ‘family members’ while nominating a family member in EPF account. 
The provident fund account holder having a family can only nominate one or more persons belonging to the family. 
Any nomination made by a PF account holders in favour of a person not belonging to his family will be treated invalid.
If in case the provident fund account holder doesn’t have a family while filing the nomination request, then he is eligible for nominating another person or persons. 
However, such nominations shall be considered as invalid if the PF account holder acquires a family after in future. 
In such cases, the PF account holder will be allowed to make a fresh nomination in favour of one or more persons belonging to the family.

Provident fund nomination modification rules 
A person has the complete right to modify the nominated individuals and the share payable to them at any time by giving written notice to the trustees of EPFO describing his intention of doing so in Form No. 40B.
According to the present rules of provident fund nomination, a modification of nomination will come into effect from the date on which it is received by the trustees of EPFO. 
Further, the interest of the nominee will be reverted to the original PF account holder if the nominee dies before the provident fund account. 
The provident fund account holder will be, therefore, required to make a fresh nomination in respect of such interest. 

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