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The provident fund (PF) is a retirement benefits program intended to give salaried professionals enough money in retirement. The amount withheld from an employee's monthly income and placed into their PF account is a joint contribution from employers and employees. What Is a Provident Fund? A Provident Fund, often referred to as a pension fund in some countries, is a government-managed savings scheme that aims to provide long-term financial security for workers upon their retirement. The structure of this fund involves regular contributions from both the employee and the employer, with the accumulated funds released to the employee upon retirement or under other specified circumstances. Although variations of retirement savings schemes exist worldwide ... Provident fund (PF), also called pension fund, is a term that confuses many working individuals. Read on to learn the meaning of a provident fund, its benefits and different account... Provident Fund (PF) is a savings scheme for employees to build a secure future. Learn its meaning, benefits, and how it supports long-term financial goals.
