EPFO has allowed its members to avail of second non-refundable COVID-19 advance to support its subscribers during the second wave of the COVID-19 pandemic. In which year was EPFO founded?

LohaHridoy
  1. 1948
  2. 1950
  3. 1952
  4. 1954
  5. 1956

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Option 3 : 1952

The correct answer is 1952.

  • EPFO has allowed its members to avail of second non-refundable COVID-19 advance to support its subscribers during the second wave of the COVID-19 pandemic.
  • Under this provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to member’s credit in the EPF account, whichever is less, is provided.
  • EPFO:
    • It stands for Employees' Provident Fund Organisation.
    • It is the social security body that is responsible for running and supervising the largest mandatory state pension scheme for people in India.
    • It was founded in 1952.
    • It is headquartered in New Delhi.
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