Conclusion – EPFO Full Form
Overall it can be said that it is a good scheme for employees because it helps employees to save their income. Because as nowadays, prices of daily-use commodities are increasing every day. EPFO allows employees to save part of their salary that can help their family in case of medical emergencies and in retirement. Other services of EPFO such as medical and life insurance helps working professionals plan a secured future for their children.
EPFO Full Form – Employees’ Provident Fund Organization
EPFO Full Form: EPFO (Employees’ Provident Fund Organization) is a scheme that was started by the government in 1952 To provide the same facility for workers, employees, etc. As we know for private workers no pension is provided by the company once they pass 60 years according to the rule of government. So many of them have to face a lot of financial problems such as an Accident, marriage of our children or any disease got and so on.
EPFO provides social security and retirement benefits to the employees and helps them to live comfortably after their retirement. In this article, we will discuss EPFO full form, its definition, features, history, advantages, and how EPFO works.
Table of Content
- What is the Full Form of EPFO?
- What is EPFO?
- Features of EPFO
- History of EPFO
- How does EPFO work?
- Services offered by EPFO
- Advantages of EPFO