Employees' Provident Fund (EPF) is a social security benefit that an employee may get after the employment period or at the time of retirement. The article explains Eligibility, Features, Benefits, EPF Scheme from both Employer and Employee perspective.
Employees' Provident Fund Organisation, India, Ministry of Labour & Employment, Government of India established to manage the social security of the employees
EPFO is one of the world's largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken per EPFO.
Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer. The employee gets a lump sum amount including self and employer's contribution with interest on both, on retirement.
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