Question
Which of the following is/are true about the Employees' Provident Fund Organisation (EPF
- F , Employees' Pension Scheme (EP
- I . 2)The EPF and EPS schemes are mandatory for all employees working in the organized sector. 3)It is voluntary for the unorganized sector.
- O in India? 1)EPFO manages three schemes - the Employees' Provident Fund (EP
- S and Employees' Deposit Linked Insurance Scheme (EDL
Solution
The first statement is correct, as the Employees' Provident Fund Organisation (EPFO) in India does manage three schemes - the Employees' Provident Fund (EPF), Employees' Pension Scheme (EPS) and Employees' Deposit Linked Insurance Scheme (EDLI). The second statement is also correct, as the EPF and EPS schemes are indeed mandatory for all employees working in the organized sector in India.
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