Understanding EPF: What Are Admin Charges and EDLI Contributions All About?

Understanding EPF Contributions: Admin Charge, EDLI, and Admin EDLI

What is the Admin Charge, Employee Deposit Linked Insurance (EDLI), and Admin EDLI in EPF, and what is the contribution for the same?

Understanding EDLI and Admin Charges in EPF

EDLI is the insurance on PF. The employer has to pay 0.5% as a premium. In return, the nominee of a deceased member will receive 24 times the salary as compensation/sum assured. For handling EDLI, EPF will charge an admin charge of 0.01%. The expansion of the term EDLI has already been posted by you.

Regards,
Abbas.P.S