Employees' Provident Fund Organisation (EPFO)

The Employees' Provident Fund Organisation (EPFO) is an Indian government agency that manages retirement savings for employees in the organized sector. Employers and employees contribute a fixed percentage of the employee's salary to a provident fund account. The fund accumulates over time with interest, providing financial security after retirement, for emergencies, or towards other approved needs. EPFO also offers related services like pension schemes and insurance. Its goal is to ensure workers build a secure nest egg for their future, promoting financial stability and social security.