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Employees Provident Fund
Pulchowk, Lalitpur, Nepal
Finance & Insurance
Office Info
Address Pulchowk, Lalitpur, Nepal
Email Not available
Website www.epf.org.np

Karmachari Sanchaya Kosh (Employees Provident Fund - EPF)  was established under Employees Provident Fund Act, 2019. EPF manages Provident Fund (PF) in Nepal on behalf of the Government of Nepal (GoN) for government, public enterprises and private sector employees. It has been entrusted to manage Contributory Pension Scheme for the employees of Federal GoN and other public sector employees appointed from Fiscal Year 2076/77 as per the Pension Fund Act, 2075.  Its relationship with GoN is routed through Ministry of Finance.

 

According to Income Tax Act, 2058, EPF is an approved retirement fund that allows annual income deduction benefit on contribution by member to his/her PF and Pension Fund account and special tax benefit privilege at the time of repayment of PF after retirement.

 

EPF also provides some social security benefits to the contributors, viz medical treatment reimbursement, Accident Indemnity Claim, maternity and child care benefit, funeral grant etc.

 

Vision

  • Through leadership role as the national social security provider, establish the fund as a social security organization of international standards.

 

Mission

  • Through effective resource mobilization, sustainable and attractive facilities, qualitative services and expanding the coverage of potential social security programs to all employees in the organized sector, establish the fund as Nepal's most reputed social security organization.
  • Through modern management systems, establishment and expansion of quality based network, creative and competitive working principle, extensive cooperation and partnership, develop the fund as a social security organization of international standards.
  • Through good management of the provident fund and social security benefits, providing assurance on social security to the contributors and making the fund as ''A happy big family of satisfied members''.
  • Through mobilization of the long term savings available with the fund in infrastructure development, contribute in the country’s economic development.

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