PF, PPF, GPF, EPF and EPFO Full Form

PF, PPF, GPF, EPF and EPFO Full Form

The full form of PF is “Provident Fund”. It is another name for Pension Fund. Its objective is to provide a lump-sum payment to the employees at the time of retirement from their place of employment. This is different from pension funds, which include both lump-sum and monthly pension payments.

The full form of PPF is “Public Provident Fund”. It is a deposit scheme used for savings and tax-saving purposes in India. Which was introduced in 1968 by the National Savings Institute of the Ministry of Finance. Many people also consider it as a means of earning money at the time of retirement.

The full form of GPF is “General Provident Fund”. This is a provident fund account available to government employees. In this fund, government employees contribute a certain percentage of their salary to the account. The deposit amount is paid to the employee at the time of retirement or superannuation.