What is the meaning of provident fund in easy language?
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Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. ... Specific provident funds include: Employees' Provident Fund Organisation, India's retirement plan.
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Answer:
Provident fund is another name for pension fund. Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. ... Specific provident funds include: Employees' Provident Fund Organisation, India's retirement plan.
Explanation:
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