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How to Withdraw Nis Provident Fund Form

How to Withdraw Nis Provident Fund Form

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How to withdraw nis provident fund

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Instructions and help about storebrand contact number

[Music] an employees provident fund is a government managed retirement savings scheme for employees every month employees contribute a part of their salary towards provident fund the goal is to receive lump sum payments with interest at the time of retirement from employment in india the employees provident fund organization or epfo is responsible for the regulation and management of provident funds now who is eligible for provident fund legally any employee who has a monthly salary of up to 15 000 rupees is eligible but most indian companies offer it to all employees as part of their salary package if you have a higher salary you can opt out of it at the beginning of your career if you opt for epf you cannot opt out of it during the time of your employment at that workplace now let's talk about the contribution the mandatory contribution is 12 of an employee's basic salary credited to the employee's account at the end of every month the employer usually contrib

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