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As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management. [5] On 1 October 2014 the Government of India launched a Universal Account Number for employees covered by EPFO to enable Provident Fund number portability. [6] DON,1
It is run by the social security body Employees' Provident Fund Organisation (EPFO). In this system, an employee contributes 10% to 12% of his monthly salary here and his employer contributes a matching amount, with a total contribution of 20% to 24% of the employee's gross salary, while the state contributes an additional 1.16%, which makes it ...
The EPF is intended to help employees from the private sector save a fraction of their salary in a lifetime banking scheme, to be used primarily as a retirement fund but also in the event that the employee is temporarily or no longer fit to work. The EPF also provides a framework for employers to meet legal and moral obligations to their employees.
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Agents on patrol discovered two backpacks stuffed with more than $1.1 million worth of cocaine in Washington state near the border with Canada, U.S. Customs and Border Protection said Monday.
The dollar is set for a big weekly gain of 1.7% against its major peers. [FRX/] The euro was up 0.35% on the day at $1.056625, but was set for a weekly loss of 1.4%.