Employment Provident Fund Organisation (EPFO) signs agreement with Five Banks

Posted on:06 Jul 2017 16:53:38
Employment Provident Fund Organisation (EPFO) signs agreement with Five Banks
06 July 2017 Current Affairs: The Employees’ Provident Fund Organisation (EPFO) inked an agreement with four private banks and Bank of Baroda for the purpose of collection of provident fund dues from the employees and payments to its subscribers.

EPFO joined with the private banks, namely, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank.

The Employee Provident Fund (EPF) is a retirement benefit applies only to salaried employees.

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