Change Nominee in EPF, Mutual Funds? Here's the Easy Online Process!

• Life changes like marriage or children often necessitate updating nominees in financial accounts like EPF and mutual funds.
• EPF nominee changes can be done easily online via the EPFO portal, allowing addition, removal, or fund division among multiple nominees.
• For mutual funds, submit a nomination change request to the AMC, registrar, or investment platform; multiple nominees and fund division are possible.
• Previous EPF nominations are automatically removed once a new one is approved online.
• A nominee ensures quick access to funds but does not automatically become the legal owner; estate planning is still crucial.