Pension tension is a big issue for private sector workers. However, EPFO ​​(Employees’ Provident Fund Organization) provides you with certain benefits during your employment which helps ensure your future financial security. Being aware of these benefits can keep you free from pension worries. Let’s know 7 important benefits offered by EPFO:

1. Provident Fund (PF) Deposit
Through EPFO, a portion is deducted from the wages of every employee and deposited as a provident fund. Part of this is also deposited by the employer. This money can be withdrawn at the end of career or in special circumstances, which is very important for future financial security.

2. Pension Scheme (EPS)
Under EPFO ​​you not only get provident fund benefits, but also pension scheme benefits. After 10 years of service you become entitled to pension in your retirement through EPS. It serves as a reliable income during your old age.

3. Insurance Benefit (EDLI)
EPFO also provides an insurance scheme for employees, which is **Employees’ Deposit Linked Insurance (EDLI)**. If the employee dies during service, his nominees can get the insurance benefits. Insurance coverage up to a maximum of Rs 7 lakh is available through this scheme.

4. Withdrawal facility
Withdrawals from EPFO ​​are available in various situations during career. For example, partial withdrawal from PF can be made for house construction, medical expenses, higher education or daughter’s marriage.

5. UAN facility
EPFO issues a Universal Account Number (UAN) to every employee. This allows you to consolidate all your PF accounts, which allows easy access to all PF related information even after changing jobs.

6. Online Services
Currently most of the EPFO ​​benefits are available online. Things like checking PF balance, applying for withdrawal or updating name can be done from home. It saves time and makes your work easier.

7. Increase in partnership (Employer Contribution)
As per EPFO ​​rules, your employer will deposit a certain amount of money in your provident fund account every month. This partnership increases your savings and creates financial security for the future.

Conclusion
These 7 benefits of EPFO ​​can help ease your pension stress. Knowing about them and using them properly as a freelancer is essential to your future financial security.