What is PF?
PF means Provident Fund. It’s like a pension and Insurance; a part of your salary is deducted every month and deposited in your Provident Fund Account. If you’re working in a private company then the company pays the same amount as it is deducted from your account and when you leave the company you can apply and withdraw the amount. It’s your personal saving. If you are a government employee then you will get your saved PF of your whole life of your service when you retire. PF amount which is accumulated in the PF Fund is also transferable. Employee can transfer his/her PF account, if the employment changes from one company to company.
