EPF Full Form | What Does EPF Stand For?

EPF: Employees’ Provident Fund

EPF Full Form

EPF full form stands for Employees’ Provident Fund. The Employees Provident Fund is a legal entity established by the Employees Provident Fund and Miscellaneous Provisions Act, 1952.

It is an organization supporting the Central Board of Trustees, under the jurisdiction of the Ministry of Labor and Employment, Government of India.

Brief History

The first Provident Fund Act, 1925, was passed to manage provident funds with some personal concerns which were limited in scope. These schemes included all Indian workers as well as international workers (countries with which bilateral agreements have been signed, so far 19 social security agreements remain in force).

Brief Explanation

The EPFO is the regulatory body responsible for the overall oversight and integration of provident funds in India. The EPFO assists the Central Board of Excise in the management of future excise fund schemes, pension schemes, and insurance schemes, which are essential partners for manpower engaged in the organized sector in India.

It is also the nodal agency for implementing mutual social security agreements with other countries. The application of EPFO has a dual role as oversight of the implementation of the EPF and MP Act and as a service provider for hidden beneficiaries across the country. The highest decision-making body of the EPFO is the Central Board of Trustees (CBT).

What Is The Full Form Of EPF?

EPF full form stands for Employees’ Provident Fund. It is a legal entity established by the Employees Provident Fund and Miscellaneous Provisions Act, 1952. The EPFO assists the Central Board of Excise in the management of future excise fund schemes, pension schemes, and insurance schemes.

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