Employee's Provident Fund
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EPF is one of the worlds largest social security organisations in terms of clientele and the financial transitions undertaken. At present it maintains 24.5 crore plus accounts and the count is increasing
Types of schemes
EPF Scheme 1952: Accumulation plus interest upon retirement and death. Partial withdrawal allowed for education, marriage and housing
Pension scheme 1995 (EPS): Monthly pension for superannuation / retirement, disability, survivor, widow(er) and children
Insurance scheme 1976 (EDLI): Benefit provided in case of death of an employee who was a member of scheme at the time of death.
The Central Government of India made it compulsory for organisation with more than 20 employee to contribute towards the EPF of an employee. Organisations with less than 20 also can participate voluntarily in this scheme. If you are one with 20 employees talk our expert today and get your EPF registration done.
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