EPFO (Employees’ Provident Fund Organisation)

• The Employees’ Provident Fund Organisation (abbreviated to EPFO), is an organization tasked to assist the Central Board of Trustees, a statutory body formed by the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
• EPFO was formed on 4 March 1952
• It has its headquarters in New Delhi
• It is under the administrative control of the Ministry of Labour and Employment, Government of India.
• EPFO assists the Central Board in administering a compulsory contributory Provident Fund Scheme, a Pension Scheme and an Insurance Scheme for the workforce engaged in the organized sector in India.
• It is also the nodal agency for implementing Bilateral Social Security Agreements with other countries on a reciprocal basis.
• The schemes cover Indian workers as well as International workers (for countries with which bilateral agreements have been signed.
• It is one of the largest social security organisations in India in terms of the number of covered beneficiaries and the volume of financial transactions undertaken.
• On 1 October 2014, Prime Minister of India Narendra Modi launched Universal Account Number for Employees covered by EPFO to enable PF number portability.
• UAN is Universal Account Number.
• The UAN is a 12-digit number allotted to employee who is contributing to EPF will be generated for each of the PF member by EPFO. For example, 111222333444.
• The UAN will act as an umbrella for the multiple Member Ids allotted to an individual by different establishments and also remains same through the lifetime of an employee. It does not change with the change in jobs.
• The idea is to link multiple Member Identification Numbers (Member Id) allotted to a single member under single Universal Account Number.
• This will help the member to view details of all the Member Identification Numbers (Member Id) linked to it.

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