- Definition: EPFO is a statutory body.
- Established under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
- Under administrative control of Ministry of Labour and Employment.
- Key Functions:
- Provides Employee Provident Fund (EPF) scheme.
- Provides Employee Pension Scheme (EPS).
- Manages provident fund and pension for organized sector workers.
- Ensures social security for workers.
- Determines EPF interest rate in consultation with Finance Ministry.