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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike , [ 3 ] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [ 4 ]
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [7] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
For proof of address, an individual may submit a copy of their ration card or bank passbook. Subscribers are required to opt for a monthly pension from ₹ 1,000 (US$12) to ₹ 5,000 (US$58) and ensure payment of the stipulated contribution regularly (monthly, quarterly, or half-yearly basis). Subscribers can opt to decrease or increase pension ...
The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968.
Passbook loans may seem like an attractive option on the surface, but proceed with caution. Because the loan is secured by some or all of your savings balance, you will have limited access to your ...
In 2009, the Self Employed Women's Associations (SEWA) began organising pilot programmes to test the effect of an unconditional cash transfer in Madhya Pradesh, one of India's least developed states. SEWA is a trade union that was established in 1972 to promote the rights of self-employed, low income women throughout India.
Runa Banerjee is an Indian social worker and the co-founder of the Self Employed Women's Association (SEWA), Lucknow, a non governmental organization promoting the interests of the poor working women of the Indian state of Uttar Pradesh, where she serves as the General Secretary and the Chief executive officer. [1]