Employees' Provident Fund Organisation
The Employees' Provident Fund Organisation (EPFO) is a statutory body under the Ministry of Labour and Employment, Government of India. It is responsible for administering and managing the provident fund scheme for employees in India. This scheme provides social security to employees by offering a retirement savings plan where both the employer and the employee contribute a certain percentage of the employee's salary to a provident fund account. The EPFO manages the funds collected, ensures their safekeeping, and provides benefits to eligible members upon retirement, death, or other specified circumstances. The organization's activities encompass membership registration, contribution collection, account maintenance, disbursement of benefits, and overall management of the vast provident fund system. It employs a large workforce to carry out these functions across numerous regional offices throughout the country, ensuring efficient and timely service to millions of employees and employers.
About Us
- Established in 1952, the EPFO has expanded its services beyond provident funds, striving to modernize processes through technology for efficiency and transparency. - The EPFO provides financial security to a large workforce, contributing to India's social security net and promoting financial stability. - Its operations include data management, compliance monitoring, and efficient fund management to ensure timely benefit distribution. - The EPFO conducts awareness campaigns to educate members and employers.
Vision
To be a globally recognized leader in social security provision, offering innovative and comprehensive solutions that empower workers and contribute significantly to the economic growth of India.
Mission
To ensure the efficient and transparent management of the Employees' Provident Fund Scheme, providing social security and financial stability to working individuals in India, while upholding the highest standards of integrity and accountability.
Specialties & Industries
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