Job Vacancy in Employees Fund Organisation. The Employees’ Provident Fund Organisation (EPFO) is a statutory body established under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952. It is responsible for managing the provident fund, pension. And insurance schemes for employees in India. The EPFO is one of the largest social security organizations in the world, with over 200 million accounts. And managing assets worth more than INR 14 lakh crore (as of 2021).

Job Vacancy in Employees Fund Organisation

The main objective of the EPFO is to provide financial security and social assistance to employees. It aims to promote savings among employees by providing a platform for them to contribute a portion of their salary towards their future retirement. The contributions are made by both the employer and the employee, with the employer contributing 12% of the employee’s basic salary. And the employee contributing an equal amount  the contributions are invested in a variety of instruments, including government securities, corporate bonds, and equity shares.

Apart from the provident fund, the EPFO also manages the Employees’ Pension Scheme (EPS). And the Employees’ Deposit-Linked Insurance Scheme (EDLI) the EPS provides pension benefits to employees who have completed a certain number of years of service, while the EDLI provides life insurance coverage to employees in case of their untimely demise.

The EPFO has made several efforts to improve its services and make them more accessible to employees. It has introduced several online services, including the ability to check account balances, transfer funds, and make withdrawals. The organization has also launched a mobile app that enables employees to access their account details on the go.

The EPFO also plays a significant role in the economy. It manages a significant portion of the country’s savings, which is used to finance infrastructure projects and other development initiatives. The organization also contributes to the growth of the financial markets by investing in a variety of instruments.

Vacancy:

• Joint Director – 1Post
• Deputy Director – 1Post
• Assistant Director – 1Post

For More Details:

Visit to Website – www.epfindia.gov.in