EPF | EPS: You have very limited choice as to who gets your EPF, EPS, EDLI in case you die

Most salaried individuals have Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) (provided certain conditions are satisfied) accounts. Along with EPF, an individual is also covered under Employees’ Deposit Linked Insurance (EDLI). Nomination in EPF, EDLI and EPS accounts are governed by the Employees’ Provident Fund & Miscellaneous Provisions Act, 1952. Under the Act, an EPF member can nominate only those people who are defined