EPF
Business & Finance abbreviation · Personal Finance
| Stands for | Employees' Provident Fund |
|---|---|
| Categories | Business & Finance |
EPF stands for Employees' Provident Fund, a personal finance abbreviation.
Mandatory retirement savings scheme for salaried workers in India, funded by contributions of 12% of basic pay from the employee and a matching amount from the employer, part of which goes to the Employees' Pension Scheme. Interest is declared annually by the government.
Example: My EPF balance moved to the new employer automatically through my UAN.
Usage notes
Administered by the Employees' Provident Fund Organisation (EPFO). Each member has a Universal Account Number (UAN) that stays the same across jobs. Malaysia and Sri Lanka also run national schemes called the Employees Provident Fund.
Related abbreviations
More personal finance abbreviations
- DC – Defined contribution plan
- DCFSA – Dependent care flexible spending account
- DINK – Dual income, no kids
- DMP – Debt management plan
- DTI – Debt-to-income ratio
- EMI – Equated monthly installment
- ESA – Coverdell education savings account
- FERS – Federal Employees Retirement System
- FHSA – First Home Savings Account
- FICO – Fair Isaac Corporation credit score
- FIRE – Financial independence, retire early
- FRA – Full retirement age