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What is Provident Fund (PF)?A Provident Fund (PF) is a government-backed savings scheme primarily meant to help employees save for their retirement. In India, the Employees' Provident Fund (EPF) is the most common PF scheme, managed by the Employees' Provident Fund Organisation (EPFO). Both the employee and employer contribute a percentage of the employee's salary to this fund. Over time, the money grows with interest, and employees can access it under specific conditions.
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