Hello everyone!!!!!! Here this blog gives detailed information about the Employees’ Provident Fund Organisation (EPFO) and get the details about the epf registration status, check epf balance online.
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Epfo Found: Year 1952 (India)
Epfo Headquarters: Delhi
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Provident Fund, Pension & Insurance Schemes
A Statutory body of Government of India which is under the supervision of the Ministry of Labour and Employment. The services offered by this organization are Pension, Provident Fund and Insurance Schemes. check epf balance online, know your epf balance
These services provided by the government of India covers Employees of India along with the International Workers. But, to be specific on an international basis, this scheme is valid for the countries where bilateral agreement is signed.
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Under the Act of 1952, the Employees’ Provident Funds and Miscellaneous Provisions acts are registered.
- The organization is monitored by Central Board of Trustees, which comprises of The Government Of India, Provincial Governments, Employees and Employers.
- Union labor Of India is the chair person of the board. check epf balance online, know your epf balance, pf statement
- When it comes to reporting duties, The Central Provident Fund Commissioner, the Chief Executive of EPFO report to Union Labour Minister through Permanent Secretary in the Ministry.
- New Delhi is the Headquarters of the organization.
- ‘Directive Principal Of State Policy’ is under the Constitution of India, has provided the State with a limited economic capacity that makes effective provision which secures the right to work, public assistance in terms of unemployment and education, sickness or Disablement and old-age and finally undeserved wants.
- With the improvements and amendments made to the acts in 1952, under EPF & MP picked up few features of interventions legally that includes following schemes in the act,
- Employees’ Deposit Linked Insurance Scheme, 1976,
- Employees’ Provision Fund Scheme, 1952
- Employees’ Pension Scheme, 1995 (Family Pension apparently 1971)
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A dual role is played by the EPFO to monitor the activities of enforcement agencies to overlook implementations of EPF & MP Act and to be a service provider to the covered beneficiaries all around the country.
As a conclusion, the Commissioners of Organization are handed with lots of powers under statute conferring quasi-judicial authorities in look for and to the seizure of records. Financial Liability on the employer is assessed, damages levy, defaulter’s attachments & auction of assets, and many more such as arrest, prosecution, and civil prison detention.
According to administration –
- The organization is administered to zones headed by Additional Central Provident Fund Commissioner, this for each of the political states which are in the country.
- One or more than one Regional officer heads Regional Provident Fund Commissioners (RPFC) according to Grade 1.
- Further Sub-divided as Sub-Regions which is headed by Regional Provident Fund Commissioners in Grade 2.
- For assistance, Provident Fund Commissioners are appointed.
- On the whole, the manpower at EPFO currently runs with 20,000 that includes all departments of work.
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Universal Account Number (UAN) is the 12-digit numerical allotted to the employee who one contributes to EPF, and will generate for each PF candidate by EPFO.
As a unique feature, the UAN is working as a cover for many numbers of members ID’s which are given by different establishment and exists through the lifetime for the employee.
No changes are made to it if the employee changes jobs.
To conclude, the whole idea of UAN is to put together the Multiple Member Identities which are allotted to an individual single member under UAN. Various details of Member ID Number is linked to this.