Do you have any idea about Employees Pension Scheme?
Answer / Lalita Kumari
Employee's Provident Fund (EPF) is a retirement benefit scheme in India that is managed by the Employees' Provident Fund Organization (EPFO). It provides social security to employees in organized sector establishments. Both employer and employee contribute towards EPF, with the employer contributing 12% of the basic wage and dearness allowance while the employee contributes 10.5%. The accumulated funds can be withdrawn at the age of 58 or after retirement.
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