Provident Fund

Provident Fund (PF)

The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 is enacted to provide a kind of social security to the industrial workers. The security, however, differs from the security provided to them under the Workmen’s Compensation Act or the Employee’s State Insurance Act. The Employees’ Provident Funds and Miscellaneous Provisions Act mainly provides retirement or old age benefits, such as Provident Fund, SuperannuationPension, Invalidation Pension, Family Pension and Deposit Linked Insurance.