Employee's Provident Fund/ working of Employee's Provident Fund/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. EPF, also known as the Employee's Provident Fund is a Provident Fund that is mandated to Employers by the Government of India. It is a useful retirement fund that allows you to use your salary to build a corpus of savings. You can withdraw the amount in those savings funds for your life after retirement. The Biggest advantage of EPF is that you don’t have to make any lump sum payments. Instead, a small monthly amount will be deducted from your salary. Over the years of your employment, this fund will become bigger. This sum can act as your emergency savings as well. A common comparison is the one between EPF and PPF (Public Provident Fund). The major benefit of EPF is that EPF offers a comparatively higher Interest rate (8.1%) than PPF (7.1%). At Saanvika Legal Associate, other laws cases like business law, financial law, insurance law, environment law, consumer law, property law, banking, tax, cyber, labor, constitutional, legal registration, nocs, litigations, criminal, family law, and so on are provided.