EPF

Provident Fund - General Provident Fund (GPF) and Public Provident Fund (PPF)

Provident Fund - General Provident Fund (GPF) and Public Provident Fund (PPF)
Provident Fund is a mechanism to protect the salaried people in old age after retiring from service, the Government has introduced "a retirement benefit scheme" called the Employees Provident Fund Scheme. The main purpose of the scheme is to provide a compulsory saving out of the current income of the employee. The employer gives the employee the saved amount together with the interest at the time of retirement.