The EPFO (Employee Provident Fund Organization) is a statutory body of the Indian government that manages the Employee Provident Fund (EPF), a retirement savings scheme for employees in India. The EPFO was established under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, and is overseen by the Ministry of Labour and Employment.
Under the EPF scheme, employees and employers make regular contributions towards a fund, which is then used to provide financial security to employees after their retirement. The EPFO manages this fund and ensures that it is invested in safe and secure financial instruments. The EPFO also provides other benefits to employees, such as pension and insurance schemes.
The EPFO has a number of regional offices across India, as well as an online portal where employees can check their EPF balance, download their EPF passbook, and make other transactions related to their EPF account. The EPFO is an important institution for ensuring the financial security of employees in India, and plays a crucial role in promoting social security and welfare in the country.
Q. How to withdraw full PF amount?
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[…] stands for Employee Provident Fund and EPS stands for Employee Pension […]