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The Employees' Provident Fund Organisation (EPFO) is one of the two main social security agencies under the Government of India 's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance.
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Provident fund Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
Employees Provident Fund or Employees' Provident Fund refer to: Employees' Provident Fund Organisation, in India Employees Provident Fund (Malaysia) Employees Provident Fund Nepal Employees' Provident Fund (Sri Lanka)
Employees' Provident Fund (EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. Membership of the EPF is mandatory for Malaysian citizens employed in the private sector, and voluntary for non-Malaysian citizens.
Employees' State Insurance Corporation (ESIC) is one of the two main statutory social security bodies under the administrative control of Ministry of Labour and Employment, Government of India, the other being the Employees' Provident Fund Organisation.
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