One of the biggest social security institutions in the world is the Employees’ Provident Fund, or EPFO. It is a financial organization that offers Indian salaried workers social security. Under the Employees’ Provident Funds and Miscellaneous Provisions Act of 1952, the Employee Provident Funds (EPF) is the primary retirement benefits program that is overseen by EPFO.
The Employees’ Provident Funds Ordinance, which was announced on November 15, 1951, created the Employees’ Provident Fund. The Employees’ Provident Funds Act of 1952 took its place. The Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 is the current name of the Act.
The EPF Scheme 1952, the Pension Scheme 1995 (EPS), and the Insurance Scheme 1976 (EDLI) are the three programs run by EPFO.
