27 establishments surrendered exemptions, contributing Rs 1,689 cr and 30,000 employees to EPFO due to improved services.

27 establishments surrendered exemptions in past 2 years, contributing Rs 1,689 crores and 30,000 employees to the Employees' Provident Fund Organisation (EPFO). The increased surrender is due to improved EPFO services, including faster claim settlement, higher rates of return, strong monitoring, and ease of engagement. The EPFO aims to streamline compliance procedures for exempted establishments under the EPF Act.

July 14, 2024
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