What is a Provident Fund(PF)?Is it applicable for working employees or retired one's?
Asked by anuj, 27 Jan '13 07:45 pm
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PF is deducted from salary of an employee @ 10/ 12%. On retirement it is paid back to the employee with a good rate of intrest. In some establishments, an equal amount of PF is added by the employer every month (Called CPF) and paid back on retirement with applicable interest to the employee.Answered by Pooja, 27 Jan '13 07:57 pm
Provident fund is a term for pension fund. It is for both working employees and retired ones. Only difference is one (working ones) deposit and retired withdraws.Answered by Uncommon Freind, 27 Jan '13 07:47 pm
Pf for working class and ppf for allAnswered by PRANIL MUNGEKAR, 27 Jan '13 07:46 pm
Pf is money deducted from salary which is given to you when you retire, its in workplace or one can get it in a bank .Answered by kamini joshi, 27 Jan '13 07:45 pm