what is provident fund? what will make me eligible for a provident fund?
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Quick Summary
A Provident Fund (PF) is a retirement savings scheme where employers deduct a portion of your salary and contribute to it. Upon retirement, this accumulated amount is paid out as a benefit. The discussion touches upon eligibility for PF and asks for a brief explanation of the four types: URPF, RPF, PPF, and SPF.
Provident fund is the amount that has been deducted from your salary by your employer during the course of your employment for depositing and after the retirement period employer shall paid the PF balance to you as retirement benefits.