EPFO: National Award on e-Governance for UAN

Q.  Which of the following statements is/are correct about EPFO?

1. It is a statutory body.
2. It covers international workers as well with which India has social security pact.
- Published on 15 Jan 16

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
- EPFO administers a compulsory contributory Provident Fund Scheme, Pension Scheme and an Insurance Scheme.
- The EPFO's apex decision making body is the Central Board of Trustees (CBT).
- On 1 October 2014, Prime Minister of India Narendra Modi launched universal account number for Employees covered by EPFO to enable PF number portability.
- It has won the National Award on e-Governance 2015-16 for launching the Universal Account Number (UAN).
- The UAN facility enables workers to transfer their provident fund deposits while switching jobs anywhere in India easily.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲