2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5
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4
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3
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2
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Detailed explanation-1: -The Employees’ Provident Fund Organisation (EPFO) has tied up/entered into agreement with ten banks to collect EPFO dues and to make payments of Provident Fund (PF) withdrawals, pension and insurance to EPFO beneficiaries.
Detailed explanation-2: -All employees drawing a salary are eligible for EPF. Moreover, it is compulsory for all employees earning less than ₹15, 000 to register for the EPF. However, employees earning more than ₹15, 000 can also voluntarily stay in the EPF scheme.
Detailed explanation-3: -epfo: New EPFO subscribers grew 41.6% to 1.7 million in April, 2022-The Economic Times.
Detailed explanation-4: -Subscription to the Fund shall be compulsory for all employees of the Bank who are on Permanent basis. 9. Every employee who shall be or become a Member, shall be subject to these Rules and shall sign an Agreement in the form annexed to these Rules.