When Do EPF and EPS Nominations Become Invalid By Default?

If you are a salaried employee, you are most likely making contribution to EPF (Employees' Provident Fund) as part of your monthly remuneration from your employer. This retirement savings fund like all investments require the subscriber to provide a nominee at the time of registration. The nominees are the ones that receive these accumulated funds in case of the unfortunate event of the subscriber's death.

If you are an EPF member, you are also an EPS (Employees' Pension Scheme) member by default.

Did you know that while the whole of 12 percent of salary contributed by employee goes towards EPF, the employer's part of the contribution is 8.33 percent towards EPS, 3.67 percent on EPF and a small 0.5 percent on Employees' Deposit Linked Insurance Scheme?

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