Advertisements
Advertisements
प्रश्न
What is meant by provident fund?
लघु उत्तर
Advertisements
उत्तर
- A provident fund is a retirement savings scheme in which the employee and employer regularly contribute a fixed percentage of the employee’s basic wages; the contributions are invested and earn interest.
- The accumulated balance is paid out on retirement, death, or when leaving service, and partial withdrawals/advances are allowed for specified purposes (e.g., house, marriage, serious illness).
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
