A Provident Fund (PF) is a government-managed, mandatory retirement savings scheme used to provide employees with financial security for their retirement.
In compliance with statutory obligations, the minimum Provident Fund administration charges are set at either ₹500 or 0.5% of the basic Provident Fund amount, whichever is greater.
Please refer to the attached statutory requirement for Provident Fund administration charges. This obligation is applicable even when PF arrears are processed.
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Related Links:
Video: To watch the video on Bank/PF/ESI page, click here.
FAQs: To read more FAQs about Bank/PF/ESI, click here.
Documentation: To learn more about the Bank/PF/ESI page, click here.
Product Update: To read about the product update, click here.
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