कर्मचारी भविष्य निधि योजना
Mandatory provident fund with 12% employee + 12% employer contribution for establishments with 20+ employees. Retirement corpus with EPS pension.
The Employees Provident Fund Scheme is a mandatory social security scheme applicable to all employees working in establishments that have 20 or more workers on their payroll. Any employee working in such establishments becomes automatically eligible and enrolled in the scheme. The scheme applies across all of India and covers employees from all sectors and occupations within eligible organizations. There are no specific age restrictions mentioned, though the scheme primarily covers working-age employees during their employment period. No caste, religion, or gender-based restrictions apply to this scheme. All eligible employees, regardless of their background or gender, must contribute to the fund. The scheme is compulsory for both employers and employees in covered establishments, meaning participation is not optional. For specific details about educational qualifications, income thresholds, or other particular eligibility conditions, it is recommended to check the official EPF India website at https://epfindia.gov.in/ or contact your nearest EPF office, as eligibility may have specific conditions based on employment type and establishment category.
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