provident fund
/ˈprɒvɪdənt fʌnd/noun
उच्चारण प्रॉविडन्ट फ़न्ड
भविष्य निधि, प्रोविडेंट फ़ंड
Core word
noun
- 1
[C/U]
a fund into which an employee and usually the employer pay a regular part of the employee's salary, and from which the employee receives money when they retire or leave the job
भविष्य निधि, प्रोविडेंट फ़ंड
- Twelve per cent of her basic pay goes into her provident fund every month.
- He withdrew money from his provident fund to pay for his daughter's wedding.
- Both the employee and the employer put money into the provident fund.
+ 2 more examples
- He took a loan against his provident fund to buy a house.
- The provident fund balance can be checked online.
§Grammar and usage
Usage: it is often shortened to PF.
Usage में इसे अक्सर PF कहा जाता है।
✓In the exam
General knowledge
The Employees' Provident Fund for private-sector workers is managed by the Employees' Provident Fund Organisation (EPFO).
GK के लिए याद रखें कि निजी क्षेत्र के कर्मचारियों के Employees' Provident Fund का प्रबंधन Employees' Provident Fund Organisation (EPFO) करता है।