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Friday, March 21, 2014

What is EPF?

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EPF, or Employees’ Provident Fund, is a government-run organisation that is the nodal body for provident fund, pension schemes and deposit-linked insurance schemes for the employees from the organised sector. It was set up in 1951 and is administered by a board consisting of representatives of central and state governments, employers and employees. EPFO is one of the largest organizations in the world in terms of clientele and the volume of financial transactions undertaken.

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