The Employees' Provident Fund (EPF) is a savings tool for the workforce. It is a scheme managed under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, by the Employees' Provident Fund Organisation (EPFO). Under the EPF scheme, an employee has to pay a certain percentage from his pay, and an equal amount is contributed by the employer. The employee gets a lump sum amount (which includes his own and employer's contributions) with interest upon retirement or two months after switching jobs.