Provident Fund Saving Account

Provident funds are essentially composed of contributions of both employers and employees and are withdrawn with interest as and when the employee leaves the institutions. The individual workers do not withdraw the funds while they are inactive service.

Eligible Entities

  • Obtain Official letters from the employers along with the list of the employees.
  • The accounts should be opened in the name of the individual employee.

Document Requirements

  • Provident fund saving accounts can be opened in the name of each employee, at the written request of the employer upon deposit of all required documents pertaining to the form
  • Such accounts opened, are operated by officials of the institution through written instruction