Provident Fund (PF) is a retirement-cum-savings scheme introduced by the Central Government considering the long term/retirement needs of the population. India is designed as a welfare state. However, owing to resource constraints, schemes like PF, ESI, CGHS, etc. have been designed to make the working population contribute consistently for their needs and contingencies both during and post employment. Contributions to provident funds are made on a monthly / periodic based on the nature of these funds.