FULL FORM OF PF

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WHAT IS PF

              PF stand for Provident Fund .It is a retirement benefit scheme in which a small portion of the employees salary is deducted every month and deposited with the government. At the time of retirement this amount is paid back to the employee.
            The process is monitored  by the Employee Provident Fund Organisation of India. Any organisation which has more than 20 employee must register with the EPFO. The EPFO's activities are managed by Ministry of Labour and Employment.
           The  entire PF amount can be withdrawn after retirement or leaving the organisation. In case of death of the employee,the nominee or legal heir of the employee can withdraw the PF amount.

         

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