How PF is important for you?

Mumbai, India
March 18, 2016 6:25am CST
Do you have anything like Provident Fund in your country? In our country, few company provide it while some don't. I hate those company's who don't give PF to there employees. Do you get PF?
1 person likes this
4 responses
joy
@MGjhaud (23240)
• Philippines
18 Mar 16
no we dont have one. that sounds nice, never heard of companies providing such thing. but i guess the only way i can have one is to do it on my own..
1 person likes this
Karan Karjivkar
@Karjivkaran (169)
• Mumbai, India
18 Mar 16
Yes but it will get double.
joy
@MGjhaud (23240)
• Philippines
19 Mar 16
@Karjivkaran thats great but my company doesnt offer/do this..
1 person likes this
maezee
@maezee (41988)
• United States
18 Mar 16
What exactly is PF? I havent heard. Of this. Is it similar to a 401K?
1 person likes this
Karan Karjivkar
@Karjivkaran (169)
• Mumbai, India
19 Mar 16
@maezee From your salary 12% amount cut down as PF. Its get accumalated. You can claim it anytime but when you claim you get it double means eg. if till date 1000$ accumulated from your salary, you will rather get 2000$ instead. Company pays for other 1000$. This is the reason not all company provide PF as it is expense for them but not service for their employee. Everybody have right of it. I always try to find job which provides of like this you can easily accumulate your wealth little by little.
Marlina
@marlina (154131)
• Canada
24 Apr 16
Never heard of that system.
John Roberts
@JohnRoberts (109846)
• Los Angeles, California
18 Mar 16
What is a Provident Fund? Is it like a pension fund or 401K plan?
1 person likes this
Karan Karjivkar
@Karjivkaran (169)
• Mumbai, India
18 Mar 16
@JohnRoberts From your salary 12% amount cut down as PF. Its get accumalated. You can claim it anytime but when you claim you get it double means eg. if till date 1000$ accumulated from your salary, you will rather get 2000$ instead. Company pays for other 1000$. This is the reason not all company provide PF as it is expense for them but not service for their employee. Everybody have right of it. I always try to find job which provides of like this you can easily accumulate your wealth little by little.