The Correct Answer is "Employees' Provident Fund Organisation".

• Employees’ Provident Fund or EPF is a popular savings scheme that has been introduced by the EPFO under the supervision of the Government of India.
• The savings scheme is directed towards the salaried-class to facilitate their habit of saving money to build a substantial retirement corpus.
• The EPF scheme has catered to over 5 Crore individuals and is directed by three different Acts, namely, the Employees’ Provident Fund Scheme Act, 1952, the Employees’ Deposit Linked Insurance Scheme Act, 1976, and the Employees’ Pension Scheme Act, 1995.
• The fund is built with monetary contributions extended by employees and their employers each month.
• Both parties extend 12% of each of the employees’ monthly salary, as their share of contribution towards EPF.
• The fund thus built accrues a pre-fixed rate of interest that has been set by the Employees Provident Fund Organisation.

• The Employee Provident Fund is open for employees of both the Public and Private Sectors, which means all employees can apply to become a member of EPF India.
• Additionally, any organization that employs at least 20 individuals is deemed liable to extend the benefits of EPF to its employees.
• The employees’ provident fund scheme extends an array of benefits towards the EPF employee members. It inculcates a sense of financial stability and security in them.

1. Capital appreciation.
2. Corpus for Retirement.
3. Emergency Corpus.
4. Tax-saving.