What is the Full form of EPFO?

EPFO stands for "Employee Provident Fund Organization"

EPFO represents the Employee Provident Fund Organization. It is a legal body that is framed by the Indian Government to help the Central Board of Trustees (CBT). It is framed by the Employees? Fortunate Fund and Miscellaneous Provisions Act, 1952. It is under the regulatory control of the Ministry of Labor and Employment, Government of India. It has around 122 workplaces in various areas of the nation. The association likewise has a preparation set up to direct training and classes for the officials, workers of the association, and agents of the Employers and Employees.

Based on the number of recipients and monetary exchange volume, EPFO is one of the biggest government-managed retirement associations in India. It helps the Central Board in regulating an obligatory contributory fortunate asset plot. It additionally goes about as a nodal organization for executing Bilateral Social Security Agreements with different nations.

The association appeared through the Employees' Provident Fund Ordinance in 1951 which was later supplanted by the Employees' Provident Fund Act, 1952. This Act is right now known as Employees? Fortunate Funds and Miscellaneous Provisions Act, 1952. It is appropriate all over India aside from the province of Jammu and Kashmir.

Structure of EPFO

The association is separated into a few zones that are going by an Additional Central Provident Fund Commissioners in each condition of India. Each state is needed to have in any event one Regional Office which is going by Regional Provident Fund Commissioner, Grade I. The progressive system is additionally separated into Sub-Regions which are constrained by Regional Provident Fund Commissioners, Grade II. They are helped by Assistant Provident Commissioners. EPFO has likewise settled region workplaces in many areas with an Enforcement Officer to manage the neighborhood foundations and resolve complaints.

Administrations at EPFO:

For businesses:

• Online enlistment of the foundation
• Gives UAN (Universal Account Number) Details
• Online Payment for EPF Subscription
• Challan/ECR Submission Online
• EPFO Grievance Management System
• Online Transfer Claim Portal
• UAN Helpdesk for Employers

For Individuals:

• UAN part e-Sewa for workers
• Gives UAN status on the web
• PFI Grievance Management System for workers
• Online Transfer Claim Portal to present the exchange claims on the web
• COC Application structure to save the information on the EPFO entrance
• Entrance for retired people to get benefits related to subtleties or data
• Helpdesk for out of commission accounts

The List of Plans executed by EPFO

• Representatives' Provident Fund Scheme (EPF)
• Representatives' Pension Scheme
• Representatives' Deposit Linked Insurance Scheme (EDLI)