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Provident Fund শব্দের বাংলা অর্থ: তহবিল
Provident Fund Meaning In Bengali তহবিল
Provident Fund
Definition
1) A provident fund is a financial scheme set up by employers to provide retirement benefits or financial security to employees by making regular contributions to a fund managed for this purpose.
2) In some countries, a provident fund may refer to a social security scheme where both employees and employers contribute a portion of their salary to a government-managed fund to ensure future financial support during retirement or in times of need.
3) Provident funds are designed to help individuals save and build up a fund that can be accessed at a later date for various purposes such as retirement, medical emergencies, housing, and other personal needs.
Examples
Provident Fund Example in a sentence
1) Employees are required to contribute a portion of their salary to the provident fund each month.
2) The company matches employee contributions to the provident fund up to a certain percentage.
3) It is important to understand the terms and conditions of your provident fund before making withdrawals.
4) The provident fund serves as a form of retirement savings for employees.
5) Some companies offer additional benefits to employees who have been contributing to the provident fund for a certain number of years.
6) Many employees rely on their provident fund to support them during times of financial need.
7) Contributions to the provident fund are typically deducted directly from the employee's salary.
8) Employees can check their provident fund balance online through the company's portal.
9) The provident fund is a valuable employee benefit that helps secure their financial future.
10) When changing jobs, it is important to transfer your provident fund balance to your new employer's scheme, if applicable.
Part of Speech
Provident Fund (Noun)
Synonyms
Encyclopedia
A provident fund is a financial scheme set up by employers to provide retirement benefits or financial security to employees by making regular contributions to a fund managed for this purpose.
In some countries, a provident fund may refer to a social security scheme where both employees and employers contribute a portion of their salary to a government-managed fund to ensure future financial support during retirement or in times of need.
Provident funds are designed to help individuals save and build up a fund that can be accessed at a later date for various purposes such as retirement, medical emergencies, housing, and other personal needs.
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