Employees Provident Fund Organisation (EPFO) Invites Application for Young Professional (YP) Recruitment 2024

About Employees Provident Fund Organisation (EPFO)

The Employees Provident Fund Organisation (EPFO) stands as one of the World's largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken. As a premier public sector institution, EPFO plays a pivotal role in securing the financial future of the Indian workforce, making it a significant employer and a hub for government jobs and public sector careers. At present, it maintains 19.34 crore accounts (Annual Report 2016-17), underscoring its vast operational scale and commitment to public welfare.

Historical Foundation and National Role

Founded with the promulgation of the Employees' Provident Funds Ordinance on November 15, 1951, the organization's legislative journey evolved into the Employees' Provident Funds Act, 1952. Originally introduced as Bill Number 15 of 1952 to provide for the institution of provident funds for employees in factories and other establishments, the Act is now known as the Employees' Provident Funds & Miscellaneous Provisions Act, 1952, extending to the whole of India. This framework is central to India's social security structure.

Governance and Administrative Structure

The Act and the Schemes framed thereunder are administered by a tri-partite Board known as the Central Board of Trustees, Employees' Provident Fund. This board consists of representatives from the Government (Both Central and State), Employers, and Employees. For aspirants seeking latest sarkari naukri, understanding EPFO's governance highlights its stability and vital contribution to national development.

Job seekers looking for stable careers can explore various EPFO recruitment notifications. The organization consistently offers opportunities in social security management and financial administration, contributing significantly to employment generation in the government sector.