The EPFO that is the Employees&rsquo Provident Fund organization is one of the world&rsquos largest social security organizations. It is a financial body that provides social security to salaried employees of India. EPF is the main retirement benefits scheme under the Employees&rsquo Provident Funds and Miscellaneous Provisions Act, 1952 which is managed by EPFO.
The Employees&rsquo Provident Fund came into existence with the declaration of the Employees&rsquo Provident Funds Ordinance on the 15th November 1951. It was replaced by the
Employees&rsquo Provident Funds Act, 1952. The Act is now referred to as the Employees&rsquo Provident Funds & Miscellaneous Provisions Act, 1952.
EPFO operates three schemes – EPF Scheme 1952, Pension Scheme 1995 (EPS), and Insurance Scheme 1976 (EDLI).
