EmployeeProvidentFundEPFisaretirementbenefitschememaintainedbytheEmployeesProvidentFundOrganizationEPFOTheemployeeandtheemployercontributetotheEPFschemeonmonthlybasisinequalproportionsof12ofthebasicsalaryanddearnessallowanceOutoftheemployerscontribution833isdirectedtowardstheEmployeePensionSchemeEPS050towardsEmployeesDepositlinkedInsuranceschemeEDLIandtheremainingisretainedinEPF