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Chapters:
00:00 Intro
00:45 What is EPF trust?
02:20 What was the need for EPF trust?
03:20 Are there any drawbacks for EPF trust members?
04:13 What things are done differently for EPF trust members?
05:12 How to find if your company falls under exempted trust?
05:45 What happens when you switch jobs?
06:50 EPFO rating system
The main reason for having PF exempted trust is the ease of operation. To unburden an already overburdened system of PF, the larger companies opt to have an exempted trust. Here, the PF amount stays with the company itself. So, all the employee has to do is go to their HR and avail the PF services by filling in some company forms instead of having to file EPFO forms. This makes the whole service period quick and hasslefree as well. Hence, it saves time and energy for both the EPFO and the employees.
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