Employees Provident Fund (Nepal)

Employees Provident Fund (Nepali:कर्मचारी सञ्चय कोष) Nepal is the pension fund/provident fund for employees of government and private sector of Nepal. The Fund is currently managing provident funds of 600,000 employees working for the government and in the private sector. The Fund also invests in different sectors like infrastructures and hydroelectricity. The Fund distributes its profit among depositors. Currently employees are required to contribute 10% of their basic salary (i.e. excluding bonuses) with an equal contribution from their employer to their provident fund.