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Employee Provident Fund (EPF) is a society security fund created for the purpose of providing financial security and stability during retirement.
The employees will contribute a portion of their salary to this fund during his employment. The employer is also obliged to contribute an equal amount (as specified by the Act) towards EPF of the employees.
The primary purpose of PF fund is to help an employee save a fraction of his salary every month so that he can use the same in the event that the employee is temporarily or no longer fit to work or at retirement.