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Karmachari Sanachaya Kosh (KSK), otherwise called Employees Provident Fund (EPF) in English. We oversee Provident Fund (PF) in Nepal for the benefit of the Government of Nepal (GoN) for government, open and private division representatives and go under Ministry of Finance.
We are an affirmed retirement reserve of GoN, and the PF that we oversee should help our supporters monetarily on retirement or detachment from their employments. Other than overseeing PF of our donors, we likewise give certain social advantages to our givers. Enrollment to KSK is likewise open to private part firms with the main condition that such firms ought to have no less than ten workers contributing routinely to end up a part.
History
In Nepal, the historical backdrop of Provident Fund (PF) goes back to 1934 when the PF plot appeared with the foundation of Sainik Drabya Kosh (Army Provident Fund) amid the Rana Regime. The plan was started with the aims of expelling money related hardships to the armed force staff after their retirement. Under the plan, the armed force staffs were required to contribute a particular level of their pay to their provident store (PF) account in Sainik Drabya Kosh. After 10 years the plan was widened to cover the representatives of common administrations also.
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