New Delhi, Aug. 22 -- The Employees' Provident Fund Organisation (EPFO) has made its position clear. In a video uploaded to its official YouTube channel, EPFO outlined why the Employees' Provident Fund (EPF) offers greater long-term security than stock market investment.

The EPF is a statutory social security scheme governed by the Central Government. It is not a voluntary arrangement. Employees of establishments covered under the EPF Act, whose wages fall within the prescribed limit of Rs.15,000, must be enrolled as members.

Withdrawal from an EPF account is permitted only for specified purposes. Members cannot withdraw funds to invest in the stock market or any other financial instrument.

The stock market is a voluntary, market-based...