Interest Rate, Withdrawal Rules Of Employees' Provident Fund (EPF)

Employees' Provident Fund or EPF is a mandatory contribution from the salary of an individual that every organisation with more than 20 employees has to deduct. Employees' Provident Fund Organization (EPFO) is the nodal agency that monitors EPF contributions. In an EPF account, the employee contributes 12 per cent of his or her salary (basic wages, dearness allowance and retaining allowance) towards the account, and an equal amount i...