A provident fund is a compulsory, government-managed retirement savings scheme used in Singapore, India, and other developing countries. In some ways, these funds resemble a hybrid of the 401(k) plans and Social Security used in the India. They also share some traits with employer-provided pension funds. Workers give a portion of their salaries to the provident fund and employers must contribute on behalf of their employees. For more details please contact us! 9999426677.

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