EPF in India or Employment Provident Fund Scheme where every employee of any company contributes a certain percentage of their basic salary towards their retirement fund. Along with employees, the employer of the company also contributes towards the EPF of employees. With every month's contribution towards EPF by Employee and employer, a reasonable corpus fund is formed, which is used as the retirement fund of an employee after their retirement. In some cases, they can withdraw the EPF prior to retirement under certain circumstances.