#1
17th November 2015, 11:36 AM
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State Bank of India EPF
I recently opened an account in the State Bank of India and want to know about the Employees' Provident Fund Organization (EPFO). Will you provide me some details related to SBI EPFO also provide me lists of associated banks and subsidiaries of SBI?
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#2
17th November 2015, 11:37 AM
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Re: State Bank of India EPF
State Bank of India is an Indian multinational, Public Sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of December 2013, it had assets of US$388 billion and 13,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets. About EPFO: The Employees' Provident Fund Organisation or EPF is a statutory body of the Government of India under the Ministry of Labour and Employment. It administers a compulsory contributory Provident Fund Scheme, Pension Scheme and an Insurance Scheme. On 1 October 2014, Prime Minister of India Narendra Modi launched universal account number for Employees covered by EPFO to enable PF number portability. It is one of the largest social security organisations in India in terms of the number of covered beneficiaries and the volume of financial transactions undertaken. Associates banks: State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Mysore State Bank of Patiala State Bank of Travancore Non banking subsidiaries: SBI Capital Markets Ltd SBI Funds Management Pvt Ltd SBI Factors & Commercial Services Pvt Ltd SBI Cards & Payments Services Pvt. Ltd. (SBICPSL) SBI DFHI Ltd SBI Life Insurance Company Limited SBI General Insurance |