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EPFO is a social security organization under the Government of India that regulates and manages provident funds, pension schemes and insurance for employees in India. It was established in 1952 and has a Central Board of Trustees, a Universal Account Number and international agreements.
A voluntary savings-cum-tax-reduction social security instrument in India, introduced by the Ministry of Finance in 1968. It offers an investment with reasonable returns combined with income tax benefits, and has a minimum deposit of ₹ 500 and a maximum of ₹ 1.5 lacs per year.
A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account. Learn about the origin, evolution and features of passbooks, as well as how they differ from bank statements and cheque books.
Learn the most common and accessible ways to check your checking account balance online, on the phone, through your bank's mobile app, at the ATM and with bank statements. Also, find out why it's ...
Provident fund is another name for pension fund that provides employees with lump sum payments at the time of exit from their place of employment. Learn about different types of provident funds around the world, such as India, Hong Kong, Singapore, Malaysia, Nepal, South Africa, Mexico, Kenya and China.
A bank statement is an official summary of financial transactions for each bank account held by a person or business. Learn about the history, types, uses, and laws of bank statements in different countries.
Learn about the history, functions, and dividends of the EPF, a federal statutory body that manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. The EPF has 13.6 million members and RM 998 billion in assets as of 2020.
Passbook loans are secured loans that use your savings account balance as collateral. Learn how they work, what are the benefits and risks, and how they compare to other lending options.