Employees' Provident Fund Organisation
The Employees' Provident Fund Organisation (EPFO) is a statutory body of the Government of India under the Ministry of Labour and Employment. It administers a compulsory provident fund scheme for Indian workers and manages an employee pension scheme. The EPFO is currently headed by Shri Santosh Kumar Gangwar, Minister of State (Independent Charge) for Labour and Employment. The organisation has its headquarters in New Delhi and regional offices in all major cities across India. As of 31 March 2019, the EPFO has over 60 million active members and more than 200 million inactive members. The Employees' Provident Fund Scheme is a defined benefit scheme wherein both the employer and the employee contribute towards a common fund. The corpus so formed is used to provide benefits to employees in the form of old age pension, disability pension, gratuity, maternity benefits, etc.
What is EPFO?
The Employees' Provident Fund Organisation (EPFO) is a statutory body of the Government of India under the Ministry of Labour and Employment that manages a compulsory savings scheme for Indian workers. The organisation provides social security and retirement benefits to its members and their families.
EPFO's key functions include the management of provident fund accounts, disbursement of pensions, deposit-linked insurance, and other welfare schemes for its members. As per the EPFO Act, 1951, every employee in India who earns a basic salary of Rs 15,000 or less per month must mandatorily contribute 12% of their monthly wages towards the EPFO. Employers also have to contribute an equal amount to their employees' provident fund account.
Who is eligible for EPFO?
The Employees' Provident Fund Organisation (EPFO) is a statutory body set up by the Government of India under the EPF & MP Act, 1952 for administering a compulsory contributory Provident Fund Scheme and a Pension Scheme for the employees in the organized sector.
The Employees' Provident Fund Scheme is open to all salaried employees who are drawing a basic wage of up to Rs.15,000/- per month. The employer is required to deduct 12% of the employee's wages as his/her contribution towards the EPF account and deposit it with the EPFO. The employer is also required to make an equal contribution towards the EPF account. Both, the employee's and employer's contributions are eligible for deduction under Section 80C of the Income Tax Act, 1961.
The scheme provides for payment of income tax-free lump sum benefit on retirement, resignation or death to the subscribers (employees). The subscriber can avail of loans from the EPF corpus for various purposes such as purchase/construction of house, medical treatment, etc.
How to apply for EPFO?
The Employees' Provident Fund Organisation (EPFO) is a government organisation that provides social security and pension benefits to employees in the organised sector.
Employees can apply for EPFO membership through their employer or online on the EPFO website.
To apply for EPFO membership through your employer, you will need to fill out a form and submit it to your HR department. Your employer will then forward your application to the EPFO.
If you are applying online, you will need to create an account on the EPFO website and login using your credentials. Once you are logged in, you will need to fill out an online application form and submit it.
What are the benefits of EPFO?
The Employees' Provident Fund Organisation (EPFO) is a government organisation that provides social security and retirement benefits to employees in the organised sector.
Some of the benefits of EPFO include:
1. EPFO provides financial security in retirement: EPFO ensures that employees have a regular source of income during their retirement years.
2. EPFO allows employees to save for their retirement: Employees can contribute a portion of their salary towards their EPF account, which grows over time and can be used to fund their retirement.
3. EPFO provides death and disability benefits: In the event of an employee's death, the EPFO provides financial assistance to the family. If an employee is disabled, the EPFO provides a monthly pension to help cover living expenses.
4. EPFO offers loan facilities: Employees can avail of loan facilities from the EPFO to meet personal or family emergencies. The loan amount can be repaid through deductions from the employee's salary.
epfo UAN login
The Employees' Provident Fund Organisation (EPFO) is a statutory body of the Government of India under the Ministry of Labour and Employment. It administers a compulsory contributory Provident Fund Scheme for Indian employees and functions as an autonomous body. The EPFO login is the online portal for members to access their account information and manage their funds.
To login to your EPFO account, you will need your Universal Account Number (UAN) and password. Your UAN is printed on your passbook and statement of account. If you have forgotten your password, you can reset it online by following the steps on the website.
Once you have logged in, you can view your account balance, transaction history, and personal details. You can also submit claims online, update your contact information, and change your password.
epfo member login
If you're an EPFO member, you can log in to your account on the EPFO website to view your account balance, update your personal information, and more.
To login, go to the EPFO website and click on the "Member Login" button. On the next page, enter your User ID and Password. Once you're logged in, you'll be able to view your account information and make any changes that you need to.
The Employees' Provident Fund Organisation (EPFO) offers an online service that allows users to view their EPF account balance and passbook. The EPFO passbook contains information such as the employee's PF number, name, date of birth, address, gender, and contact details.
To use the EPFO online services, users need to register on the official website with their personal details. Once registered, users can login to their account and view their EPF balance and passbook. The service is available in both English and Hindi language options.
epfo member home
The Employees' Provident Fund Organisation (EPFO) is a statutory body of the Government of India under the Ministry of Labour and Employment. It administers a compulsory social security scheme for the workforce in India.
The EPFO member home page is a one-stop destination for all members of the EPFO. It provides all the information and services that a member would need. The member home page has different sections for different kinds of information. These include:
• My Profile: This section contains personal information like name, address, contact details, date of birth, gender, etc.
• My Accounts: This section provides an overview of the member's accounts with the EPFO. It includes information on contributions, withdrawals, balances, etc.
• Services: This section provides information on various services offered by the EPFO like online claim filing, passbook facility, pension schemes, etc.
• Downloads: This section contains forms and other documents that can be downloaded by members.
• News & Updates: This section keeps members updated on latest news and developments from the EPFO.
epfo member portal
The Employees' Provident Fund Organisation (EPFO) is a statutory body of the Government of India under the Ministry of Labour and Employment. It is tasked with providing social security and retirement benefits to the workforce in India. The EPFO member portal is an online portal designed for members of the EPFO to manage their accounts and access various services.
The EPFO member portal allows members to view their account balance, update their personal details, submit claims, and track the status of their claims. It also provides information on various schemes offered by the EPFO, such as the Employees' Pension Scheme, Employees' Deposit Linked Insurance Scheme, and Employees' Provident Fund Scheme. The portal is available in both English and Hindi.
epfo member passbook
The Employees' Provident Fund Organisation (EPFO) is a statutory body of the Government of India under the Ministry of Labour and Employment. It is responsible for administering the Employees' Provident Fund Scheme, 1952 and Employees' Deposit-Linked Insurance Scheme, 1976. EPFO has more than 60 million members and manages a corpus of over ₹1 trillion (US$14 billion).
EPFO member passbook is an online service provided by EPFO wherein members can view their PF account balance and passbook online. This facility can be accessed through the official website of EPFO i.e. https://epfindia.gov.in/. Members need to have their UAN (Universal Account Number) handy to login and view their account details.
epfo customer care number
The Employees' Provident Fund Organisation (EPFO) is a statutory body of the Government of India under the Ministry of Labour and Employment. It functions to provide social security and pension benefits to employees in the organised sector in India.
The EPFO has more than 150 regional offices across the country, with each office headed by a Regional Deputy Commissioner. The EPFO also has a Central Office in New Delhi, which is headed by the Central Provident Fund Commissioner.
The EPFO provides a range of services to its members, including provident fund deposits, pension payments, insurance cover, and loan facilities. The organisation also works to resolve grievances and issues related to provident fund accounts.
Members can get in touch with the EPFO through the customer care number - 1800118005 - which is available from 8 am to 8 pm on all weekdays.
epfo e nomination
The EPFO-e-nomination facility is an online system that allows members of the Employees' Provident Fund Organisation to nominate a beneficiary for their EPF account. The facility can be accessed through the EPFO website and is available to all members who have registered their email address with the organisation.
Once logged in, members can select a beneficiary from a list of eligible family members, or add a new beneficiary if required. The nominated beneficiary will then be able to receive the member's EPF benefits in the event of their death.
The EPFO-e-nomination facility is a quick and easy way to ensure that your loved ones are taken care of in the event of your death. It is important to remember to keep your nomination up to date, as your beneficiaries may change over time.