Employees Provident Fund Organisation

The Employees' Provident Fund Organisation (abbreviated to EPFO), is an organisation tasked to assist the Central Board of Trustees. Employees' Provident Fund is a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 and 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 organised 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. As of now 19 Social Security Agreements are operational).[2] The EPFO's apex decision making body is the Central Board of Trustees (CBT). On 1 October 2014, the government of India launched Universal Account Number for Employees covered by EPFO to enable PF.