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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.
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.
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.
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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.
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