Consider the following statements about Employee Provident Fund Organisation:
Which of the above statements is/are correct
Consider the following statements about Employee Provident Fund Organisation:
Which of the above statements is/are correct
The correct option is A 1 only
Employee Provident Fund Organisation (EPFO) is a statutory body of Union Government that comes under the aegis of Ministry of Labour and Employment. Functions: Administers a compulsory contributory Provident Fund Scheme (1952), Pension Scheme (1995) and Insurance Scheme (1976). It is one of the largest social security organisations in India in terms volume of financial transactions undertaken and number of covered beneficiaries
Employees’ Provident Fund Organisation (EPFO) provides returns on constant rate. Recently the rate of interest was hiked to 8.8% for financial year (FY) 2016. This makes EPFO more risk free compared to NPS
National Pension Scheme doesn’t provide “uniform” or “guaranteed” return on the investment. Subscriber gets the choice of 3 funds under NPS – Equity, Corporate Bonds and Government Securities. And the returns depend on how these bonds perform in the market
1 only
Employee Provident Fund Organisation (EPFO) is a statutory body of Union Government that comes under the aegis of Ministry of Labour and Employment. Functions: Administers a compulsory contributory Provident Fund Scheme (1952), Pension Scheme (1995) and Insurance Scheme (1976). It is one of the largest social security organisations in India in terms volume of financial transactions undertaken and number of covered beneficiaries
Employees’ Provident Fund Organisation (EPFO) provides returns on constant rate. Recently the rate of interest was hiked to 8.8% for financial year (FY) 2016. This makes EPFO more risk free compared to NPS
National Pension Scheme doesn’t provide “uniform” or “guaranteed” return on the investment. Subscriber gets the choice of 3 funds under NPS – Equity, Corporate Bonds and Government Securities. And the returns depend on how these bonds perform in the market
