{"id":39133,"date":"2019-06-12T13:06:39","date_gmt":"2019-06-12T07:36:39","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=39133"},"modified":"2019-06-13T14:27:50","modified_gmt":"2019-06-13T08:57:50","slug":"epfo-history-details-epfo-assistant-exam","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/epfo-history-details-epfo-assistant-exam\/","title":{"rendered":"EPFO &#8211; History, Objectives, Services and more | EPFO Assistant Exam 2019"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The Employees Provident Fund Organisation (EPFO) as announced 280 vacancies for the post of <a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong>EPFO Assistant Section Officer (ASO)<\/strong><\/span><\/a> in the recently released 2019 recruitment notification. All the candidates who are interested in becoming an EPFO ASO should be aware about all the details of Employees Provident Fund Organization, its History, Vision, Objectives, Functions, Services, etc. In this blog, we are going to provide you all this information which will not only help the candidates who have applied or are interested in <strong>EPFO Assistant Exam<\/strong>, but also those who are not aware about EPFO.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=hny\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-37372 size-full\" src=\"https:\/\/static.oliveboard.in\/wp-content\/uploads\/2019\/05\/banner.png\" alt=\"EPFO Assitant 2019 Mock Test\" width=\"720\" height=\"90\" \/><\/a><\/p>\n<h2><span style=\"color: #000000;\"><strong>History of EPFO -: What, When and How?<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">EPFO was formed by the Employees&#8217; Provident Funds Ordinance on the 15th November, 1951. The Ordinance was replaced by the Employees&#8217; Provident Funds Act, 1952.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The Act was to provide the employees in factories and other establishments with the facility of Provident Funds for their post-retirement welfare and benefit. The Act is now referred as <strong>the Employees&#8217; Provident Funds &amp; Miscellaneous Provisions Act, 1952<\/strong> which extends to the whole of India except Jammu and Kashmir.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">EPFO is one of the world\u2019s biggest Social Security Organizations. As per the 2015-16 annual report, It maintains 17.14 crore member accounts.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">EPFO is a Statutory Body and is under the administrative control of the Central Government\u2019s Ministry of Labour and Employment.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">The <strong>Employees&#8217; Provident Funds &amp; Miscellaneous Provisions Act, 1952 <\/strong>and all the schemes under it are administered by the Central Board of Trustees &#8211; Employees&#8217; Provident Fund. It is a Tripartite board consisting of Central &amp; State Government representatives, Employers and Employees.<\/span><\/p>\n<p style=\"text-align: center;\"><strong>\u00a0<\/strong><a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><strong>Attempt and Analyze a FREE Mock Test<\/strong><\/a> <strong>for 2019 EPFO Assistant Exam<br \/>\n<\/strong><\/p>\n<h3><span style=\"color: #000000;\"><strong>Vision of EPFO<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Employees&#8217; Provident Fund Organization has a vision to reposition itself as a world class Social Security Organization providing futuristic services meeting the growing requirements of all categories of its stakeholders. EPFO Vision 2030 envisages:<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Universal Social Security Coverage on mandatory basis by way of Provident Fund, Pension and Life Insurance for all workers of the country<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Online Services for all EPFO benefits with State-of-the-Art Technology<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Implementation of policies for a benefit structure with adequate support level of social security<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">(Source -:<\/span> <a href=\"https:\/\/www.epfindia.gov.in\/site_en\/\">https:\/\/www.epfindia.gov.in\/site_en\/<\/a>)<\/p>\n<p><span style=\"color: #000000;\"><strong>Preparing for EPFO Assistant Exam?<\/strong><\/span> <a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><strong>Attempt and Analyze a FREE Mock Test to know where you stand<\/strong><\/a><\/p>\n<h3><span style=\"color: #000000;\"><strong>Objectives of EPFO<br \/>\n<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">EPFO functions to achieve the following Objectives -:<\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Give hassle free and stream-lined service with maximum output through all the EPFO offices<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Provide safe, secure and user-friendly on-line services<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Updating ember accounts in real-time on monthly basis<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Provide simple and 24&#215;7 Online access to member account<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Ensure one Employee one EPF account<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Reduce the time for settlement of claims from the present 20 days to 3 days<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Facilitate the ease of compliance<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Encourage and promote voluntary compliance<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep up the vigil and ensure proper compliance by all establishments<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\">Further improvise easy interaction with EPFO to obtain information or seek redressal<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">(source -: EPFO website)<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><strong>Take a FREE Mock Test<\/strong><\/a> <strong>for EPFO Assistant Exam Now<\/strong><\/p>\n<h3><span style=\"color: #000000;\"><strong>Schemes and Services provided by EPFO<\/strong><\/span><\/h3>\n<h4><span style=\"color: #000000;\"><strong>EPFO Schemes -:<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Employees Provident Fund (EPF) Scheme 1952:<\/strong> Funds accumulated from monthly deductions from salary can be used by the members through partial withdrawals for education, marriage, illness and house construction. Full accumulated amount + Interest can be withdrawn by the member post-retirement or by their families in case of member\u2019s death.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Employees\u2019 Pension Scheme (EPS) 1995:<\/strong> Under this scheme a monthly benefit (Pension) for superannuation\/retirement, disability, survivor, widow(er) and children is provided.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Employees Deposit Linked Scheme (EDLI) 1976:<\/strong> A Benefit amount of 20 times of Salary (Up to \u20b96 Lakhs) is provided to the family of the deceased member.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><strong>Attempt and Analyze a FREE Mock Test<\/strong><\/a> <strong>for 2019 EPFO Assistant Exam<\/strong><\/p>\n<h4><span style=\"color: #000000;\"><strong>EPFO Services -:<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>UAN \u2013 Universal Account Number:<\/strong> It is a 12 digit unique number allocated to every member. Multiple member ID\u2019s of an employee through his\/her career are clubbed under one UAN. This allows simple transfer of EPFO account on change of jobs.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>UMANG APP: <\/strong>It is the Unified Mobile Application for New-age Governance (UMANG). EPF members can avail online services like digital EPF passbook, Updating of personal details, etc through the UMANG App.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Online Certificate of Coverage for International Workers:<\/strong> EPFO members working in countries having Social Security Agreements with India can avail this service.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Online Withdrawal and Transfer of EPF amount<\/strong> \u2013 With the help of UAN all the PF members can easily withdraw their EPFO amount online. Transfer of EPF amount from previous to current Member ID also can be done Online.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Apart from the above there are numerous other services provided by EPFO to its members. You can check them out on their Website &#8211;<\/span> <a href=\"https:\/\/www.epfindia.gov.in\/\">https:\/\/www.epfindia.gov.in\/<\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Preparing for EPFO Assistant Exam?<\/strong><\/span> <a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><strong>Attempt and Analyze a FREE Mock Test to know where you stand<\/strong><\/a><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">That is all from us in this blog on History, Vision, Objectives, Schemes and Services of EPFO. We hope the information provided above is useful for your <a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><strong>EPFO Assistant 2019 Exam preparation<\/strong><\/span><\/a>.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Keep checking this space for all the EPFO Assistant Section Officer Exam and other Government Exam updates, Study Materials and<\/span>\u00a0<a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><strong>Mock Tests<\/strong><\/a>.<\/p>\n<p style=\"text-align: justify;\">If you wish to get in touch with your fellow competitors for preparation of\u00a0<strong><a href=\"https:\/\/www.oliveboard.in\/bank-exams\/?ref=nik\" target=\"_blank\" rel=\"noopener\">Bank &amp; Govt. Exams<\/a><\/strong>,\u00a0you can visit\u00a0<a href=\"https:\/\/discuss.oliveboard.in\/?ref=nik\" target=\"_blank\" rel=\"noopener\"><strong>Oliveboard\u2019s discuss forum<\/strong><\/a>.<\/p>\n<p style=\"text-align: justify;\">Want more? You can access\u00a0<strong><a href=\"https:\/\/www.oliveboard.in\/bank-exams\/?ref=nik\" target=\"_blank\" rel=\"noopener\">Oliveboard\u2019s Mock Tests<\/a>,<\/strong>\u00a0<strong>study materials, Podcasts, Word lists, etc<\/strong>. from your phone. Download\u00a0<strong><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.oliveboard.prep\" target=\"_blank\" rel=\"noopener\">Oliveboard Mobile App<\/a>\u00a0<\/strong>and prepare on the go!<\/p>\n<p><a href=\"https:\/\/www.oliveboard.in\/epfo-assistant\/?ref=hny\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-37372 size-full\" src=\"https:\/\/static.oliveboard.in\/wp-content\/uploads\/2019\/05\/banner.png\" alt=\"EPFO Assitant 2019 Mock Test\" width=\"720\" height=\"90\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Employees Provident Fund Organisation (EPFO) as announced 280 vacancies for the post of EPFO Assistant Section Officer (ASO) in<\/p>\n","protected":false},"author":1,"featured_media":39141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10210,62,5221,2586,2],"tags":[],"class_list":["post-39133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-epfo","category-government-exams","category-homepage-featured","category-notes","category-exam-hacks","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EPFO - History, Objectives, Services etc. | EPFO Assistant Exam 2019<\/title>\n<meta name=\"description\" content=\"Know all about the History, Objectives, Services etc of Employees Provident Fund Organisation to prepare for EPFO Assistant Exam 2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/epfo-history-details-epfo-assistant-exam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EPFO - History, Objectives, Services and more | EPFO Assistant Exam 2019\" \/>\n<meta property=\"og:description\" content=\"The Employees Provident Fund Organisation (EPFO) as announced 280 vacancies for the post of EPFO Assistant Section Officer (ASO) in the recently released\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/epfo-history-details-epfo-assistant-exam\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-12T07:36:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-13T08:57:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2019\/06\/EPFO-Assistant-Exam.png\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Oliveboard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oliveboard\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/epfo-history-details-epfo-assistant-exam\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/epfo-history-details-epfo-assistant-exam\/\"},\"author\":{\"name\":\"Oliveboard\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/81e5e8a7c47434847078516c957f490e\"},\"headline\":\"EPFO &#8211; 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