by Yogi P - August 21, 2023

What is the full form of EPFO?

Full form of EPFO is Employees’ Provident Fund Organisation.

What does EPFO mean?

EPFO stands for Employees’ Provident Fund Organisation. It’s like a savings bank for workers in India. Think of it as a special place where a part of your salary goes every month and builds up over time.

Who started EPFO and why?

The Indian government started EPFO in 1952 to help workers save money for their future. It’s one of India’s biggest organizations that helps people save money.

What does EPFO do?

For Workers (Employees):

• Lets you see your savings online (called UAN member e-Sewa).
• Lets you know if there are any problems or issues (through the EPFO Grievance Management system).
• If you switch jobs, you can move your savings online (through the Online Transfer Claim Portal).
• If you’re about to retire, there’s a platform to get pension information.

For Companies (Employers):

• Helps in registering the company online.
• Makes it easy to submit payments online (EPF Subscription).
• If there’s an issue, the EPFO Grievance Management system is there to help.
• Also has the Online Transfer Claim Portal for easier fund transfers.

Some Programs by EPFO:

1. Employee’s Pension Scheme: Like a monthly income when you retire.
2. EPF (Employee’s Provident Fund Scheme): Your savings account for the future.
3. EDLI (Employee’s Deposit Linked Insurance Scheme): A special kind of insurance for workers.

Quick History:

EPFO started with an idea in 1951 and became official in 1952. It works everywhere in India, except for Jammu and Kashmir.

How is EPFO structured?

India is big, so EPFO is divided into zones. Each zone has big and small offices to help people and companies. So, wherever you are in India, there’s likely an EPFO office nearby!