Union Minister Dr. Mansukh Mandaviya Inaugurates 74th Foundation Day of EPFO in New Delhi

Why in the News?

Union Minister for Labour & Employment and Youth Affairs & Sports, **Dr. Mansukh Mandaviya**, inaugurated the **74th Foundation Day** of the Employees’ Provident Fund Organisation (**EPFO**) on November 1, 2026, in New Delhi.

Key Features / Major Points:

- Launch of Key Digitization Initiatives:

- **Automatic Settlement of Inoperative Accounts:** Introduced auto-settlement for eligible inoperative EPF accounts with balances up to ₹1,000.

- **EPFO Services via WhatsApp:** Launched direct EPFO customer services through WhatsApp for enhanced subscriber convenience.

- Recognition & Publications:

- Conferred the **Bhavishya Nidhi Awards 2026** upon top-performing Regional Offices, Zonal Offices, and individual employees for outstanding contributions.

- Released a series of publications emphasizing knowledge creation, legal awareness, and compassionate governance within social security.

Static GK Facts:

- Employees' Provident Fund Organisation (EPFO):

- Formed: **March 4, 1952** (Statutory body created under the Employees' Provident Funds & Miscellaneous Provisions Act, 1952).

- Headquarters: **New Delhi**.

- Nodal Ministry: **Ministry of Labour and Employment**.

- Chairman of Central Board of Trustees (CBT): **Union Minister of Labour and Employment**.

- Three Core Schemes Administered by EPFO:

1. Employees' Provident Fund Scheme, 1952

2. Employees' Deposit Linked Insurance Scheme, 1976 (EDLI)

3. Employees' Pension Scheme, 1995 (EPS)

One-Liner Quiz (All Competitive Exams):

Q: Which anniversary of its Foundation Day did the Employees’ Provident Fund Organisation (EPFO) observe on November 1, 2026?

A: 74th Foundation Day

Q: What is the financial threshold for automatic settlement of eligible inoperative EPF accounts launched on EPFO's 74th Foundation Day?

A: Up to ₹1,000

Q: In which year was the Employees' Provident Fund Organisation (EPFO) established?

A: 1952

Q: Who is the current Union Minister for Labour and Employment in India?

A: Dr. Mansukh Mandaviya

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