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EPFO stands for Employees’ Provident Fund Organisation and is a non-constitutional body that promotes employees to save funds for retirement and this organisation is governed by the Ministry of Labor & Employment, Government of India & was launched in 1951.

The following are the objectives of EPFO in India:

1: To make sure that every employee has only 1 EPF Account;

2: To ensure that online services are reliable and trustworthy & to make improvements in their facilities;

3: Encouragement & promotion of voluntary compliance;

4: Ensure that organisations follow all the rules & regulations laid out by the EPFO on a regular basis;

5: Compliance must be provided easily;

6: Claim settlements are to be reduced from 30 days to 3 days only;

7: For all EPF member accounts to be accessed online easily.

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894patel.nikita

Lvl 10
1y ago

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