What is Provident Fund (EPF / Sanchaya Kosh)?
सञ्चय कोष
A provident fund is a retirement-savings scheme where the employee contributes 10% of basic salary and the employer matches another 10%. In Nepal it is managed mainly by the Employees Provident Fund (Karmachari Sanchaya Kosh), paying interest on the accumulated balance.
The Employees Provident Fund (EPF), known as Sanchaya Kosh, pools the 10% + 10% contributions and pays an annually declared interest rate.
The lump sum (plus interest) is withdrawn at retirement or on leaving service. PF and SSF are alternative/parallel arrangements depending on the employer.
Sources & data note
Definitions explain standard Nepali terms in everyday and official use. Land-unit conversions follow the standard Nepali measurement system; tax and contribution rates reflect current law (Income Tax Act 2058, VAT Act 2052, Social Security Act 2074) and are revised each fiscal year by the Finance Act — always confirm current-year figures with the relevant authority.