Central Provident Fund was created in 1955.
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
VPF
None. The Indian government does not allow FID in provident fund
Yes. The Employers signature/attestation is required to get the provident fund
No
Provident Fund
Yes, the interest paid by provident fund will fall into riba category
how many staff should e in a company to start provident fund
To record employee contributions to the provident fund: Debit Provident Fund Expense and Credit Employee Contribution Payable. To record employer contributions: Debit Provident Fund Expense and Credit Employer Contribution Payable.
No. The government has the Employee Provident Fund which is mandatory for all employees of companies in India
The difference between a pension fund and provident fund is in how the benefits are paid out. A provident fund pays all he retirement benefits in a lump sum cash benefit at retirement. A pension fund pays one third of the benefit as a lump sum at retirement and the rest is paid out over the lifetime of the beneficiary.