Retirement
EPF
Also known as: Provident Fund, PF, Employees Provident Fund
Employees' Provident Fund - Mandatory retirement savings with employer matching contribution.
Detailed Explanation
EPF (Employees' Provident Fund) is a retirement savings scheme for salaried employees where both employee and employer contribute 12% of basic salary. It offers EEE tax status and currently provides 8.25% annual interest rate. Corpus can be withdrawn after 5 years of service or at retirement.