Big announcement from Modi government that anyone can open EPFO account, no need to be an employee,

The Modi government is going to take a big decision with EPFO in the Corona situation. From now on, not only employees but also you can open an EPFO account if you are not an employee. It will benefit countless people. Numerous self-employed people will get social and financial security. From doctors and lawyers to small business owners, everyone will get this benefit.

Big decision with EPFO

The Modi government is going to take a big decision with EPFO in the extremely critical situation of Corona epidemic. This time the self-employed will also get the benefit of EPFO. The Modi government is going to decide that they will also be able to open an EPFO account. However, it has not been announced yet when it will be launched.The Modi government took this decision after the Social Security Bill was passed in the last Lok Sabha session.

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Earlier rules

Earlier, only employees got the benefit of protection of this society. In an organization with more than 10 people, that organization could come under this rule. In EPFO scheme, 13 per cent is given by the company and 12 per cent by the employees. This is how the rules work. But from now on, self-employed people will also be able to open this account. In that case, 20 percent of the self-employed people have to save themselves.

The country is going through a severe financial crisis in the Corona situation. GDP has come to a standstill. Many people's work is gone. On top of that, the common man is breathing heavily at the unusual price increase. In this situation, the general public can be assured of the financial security of the EPFO.

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