What is EPF (Employee Provident Fund)? — Meaning, Definition & Example
Definition
EPF is a retirement savings scheme managed by EPFO where both employer and employee contribute 12% of basic salary. The employee's 12% goes entirely to EPF, while the employer's 12% is split — 3.67% to EPF and 8.33% to EPS (Pension). Current EPF interest rate is 8.25%.
If your basic salary is ₹30,000, both you and your employer contribute ₹3,600/month to EPF, building a retirement corpus over your career.
🇮🇳 EPF (Employee Provident Fund) in Hindi / हिंदी में
EPF (एम्प्लॉई प्रोविडेंट फंड) — EPF एक सेवानिवृत्ति बचत योजना है जो EPFO द्वारा प्रबंधित है। इसमें नियोक्ता और कर्मचारी दोनों बेसिक वेतन का 12% योगदान करते हैं।
EPF (Employee Provident Fund) (Hinglish) — EPF ek retirement savings scheme hai jo EPFO manage karta hai. Employer aur employee dono basic salary ka 12% contribute karte hain. Current rate 8.25% hai.