Unlike the U.S. Social Security system, workers in provident funds often only pay into their own retirement account, rather than a group account, so in this sense, a provident fund is similar to a ...

They also share some traits with pension funds. Workers contribute a portion of their salaries to a provident fund. Employers also contribute on behalf of their employees. With some funds ...

Following the CBT’s final approval, EPFO members will be able to withdraw up to Rs 5 lakh under the auto settlement of advance claims ... from 10 days to just 3-4 days. New system for provident fund ...