EPFO Full Form | What is the Full Form of EPFO




EPFO Full Form - Employee Provident Fund Organization

  • EPFO stands for Employee Provident Fund Organization. It's a statutory body which is made by Indian Government to help the Central Board of Trustees (CBT).
  • It's formed by the Employees Provident Fund and Miscellaneous Provisions Act, 1952.
  • It's under the executive control of the Ministry of Labour and Employment, Government of India.
  • It's around 122 offices at different locations across the country.
  • The organization also features a training set up to conduct trainings and seminars for the officers, employees of the organization and representatives of the Employers and Employees.
 Full Form of EPFO

Full Form of EPFO

  • On the idea of number of beneficiaries and financial transaction volume, EPFO is one of the most important Social Security organizations in India.
  • It assists the Central Board in administering a compulsory contributory provident fund scheme.
  • It also acts as a nodal agency for implementing Bilateral Social Security Agreements with other countries.
  • The organization came into existence through the Employees' Provident Fund Ordinance in 1951 which was later replaced by Employees' Provident Fund Act, 1952.
  • This Act is currently referred to as Employees Provident Funds and Miscellaneous Provisions Act, 1952.
  • It's applicable everywhere India except the state of Jammu and Kashmir.

Structure

  • The organization is split into several zones that are headed by a further Central Provident Fund Commissioners in each state of the India.
  • Each state is required to possess a minimum of one Regional Office which is headed by Regional Provident Fund Commissioner, Grade I.
  • The hierarchy is further divided into Sub-Regions which are controlled by Regional Provident Fund Commissioners, Grade II. They're assisted by Assistant Provident Commissioners.
  • EPFO has also established district offices in most regions with an Enforcement Officer to oversee the localestablishments and resolve grievances.

Services

For employers

  • Online registration of the establishment
  • Provides 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 employers

  • UAN member e-Sewa for workers
  • Provides UAN status online
  • EPFO Grievance Management System for workers
  • Online Transfer Claim Portal to submit the transfer claims online
  • COC Application form to save lots of the data on the EPFO portal
  • Portal for pensioners to urge pension related details or information
  • Helpdesk for inoperative accounts

Schemes implemented by EPFO

  • Employees' Provident Fund Scheme (EPF)
  • Employees' Pension Scheme
  • Employees' Deposit Linked Insurance Scheme (EDLI)
 Schemes implemented by EPFO

Schemes implemented by EPFO



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