EPFO Full Form
What is the full form of EPFO?
The full form of EPFO is Employees’ Provident Fund Organisation. It is a statutory body. Employees’ Provident Fund Organisation implemented to help the Central Board of Trustees of the Indian government. Miscellaneous Provision Act, 1952, and Employees Provident Fund are the establisher of this organization. There are around 122 offices of the Employees’ Provident Fund Organisation in India. EPFO is one of the famous social security organizations in India in terms of the number of applicants and financial transactions.
A brief history of EPFO
Employees’ Provident Fund Organisation was established in the year 1951 under the name Employee’s Provident Fund Ordinance but in 1952 it was changed to Employee’s Provident Fund Act. This process of replacement was called the Employees Provident Funds & Miscellaneous Provisions Act of 1952. This act is applicable in all the states and union territories of India except Jammu and Kashmir.
Structure of EPFO
The head of EPFO is Additional Central Provident Fund Commissioners. Also, the Employees’ Provident Fund Organisation is divided into many zones in India.
Many areas in India have district offices with a Compliance Officer so that they can keep an eye on the local level so that their complaints can be resolved as soon as possible.
Service offered by EPFO
Various services are provided by the Employees' Provident Fund Organisation. Some of the well-known services are as follows:
EPFO provides UAN member e-Sewa to employers.
They also provide online status for UAN.
They offer UAN (Universal Account Number) Information to their employees.
The one who has EPF Subscription will get an online payment service for it.
Programs implemented by EPFO
Many schemes are implemented by EPFO. Some of the most famous schemes are as follows:
Employee’s Provident Fund Scheme
Employee’s Pension Scheme
Employee’s Deposit Linked Insurance Scheme
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Frequently Asked Questions (FAQs)
The “Employees’ Provident Fund Organisation” was named as “Employees Provident Fund Ordinance” previously.
On average the salary of an Employees’ Provident Fund Organisation assistant is around rupees forty-four thousand nine hundred rupees only.
Mostly all employees are eligible for EPF, whether they have a salary of 15,000 or more they are eligible for the EPF scheme.
The Employees’ Provident Fund Organisation comes under the government of India.
Yes, a graduate can apply for the EPFO exam and he/she should be less than 35 years of age.