|
General Information (Provident Fund)
|
|
|
 |
|
Provident Fund : Civil
|
|
|
|
|
Provident Fund : Armed Forces
|
|
|
|
|
| Allocation of Contributions : Civil |
Upon punching of contributions in the system, it will be allocated as follows:
| Rate of Contribution |
Type of Member |
Apportionment to Tier1 |
Apportionment to Tier2 |
| Employer |
Employee |
Employer |
Employee |
| Members Contributing 8% |
For Both Member |
10% |
3% |
3% |
| For Tier2 Member |
- |
8% |
8% |
| Members Contributing 10% |
For Both Member |
10% |
5% |
5% |
| For Tier2 Member |
- |
10% |
10% |
After allocation of the contributions by the system, the member’s accounts in Tier1 and Tier2 are updated accordingly.
|
|
|
|
Click
here to download