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They can submit FORM 19 for EPF (Employees' Provident Fund) and FORM 10C for EPS (Employees' Pension Scheme) to the EPFO office in which their EPF account is maintained. [ 14 ] A UAN provided by EPFO is mainly used to track PF balance and PF claim status.
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. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
Notably, other entities like Employee Provident Fund, pension funds by life insurers, and mutual fund firms are beyond PFRDA's scope. [31] The contributory pension system, later termed the National Pension System (NPS), began on 22 December 2003, applied from 1 January 2004.
Coal Mines Provident Fund Organisation (CMPF) is an agency of the Indian government established in 1948 under The Coal Mines Provident Fund and Miscellaneous Provisions Act 1948. [1] It serves as the official pension fund of coal miners and is financed by coal producers on a per-tonne basis. [ 2 ]
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There are one other pension fund organizations in the country; the Public Services Social Security(PSSSF). Fund for all employees working directly under the government and for all employees working under governmental Parastatal organization [3] [4] The NSSF was founded in 1997 as the successor to the defunct National Provident Fund (NPF).
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