Employees working in an organisation with more than 20 workers.
Any Indian citizen above 18 years of age.
Mandatory contribution made by the employer as well as employee - 12% of salary + Dearness Allowance
Minimum contribution- Rs. 500 per annum
Maximum contribution- Rs.1,50,000 per annum
Employees Provident Fund is clearly a better option than Public Provident Fund for employees, since the contribution is made by the employer as well. For others, Public Provident Fund is an equally good investment option.