Employees Provident Fund Biratnagar

Welcome to Employees Provident Fund Biratnagar

Karmachari Sanchaya Kosh (KSK), Employees Provident Fund (EPF) in English, established under the Employees Provident Fund Act, 2019. It manages the 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 the Contributory Pension Scheme for the employees of the Federal GoN and other public sector employees to be appointed from Fiscal Year 2076/77 as per the Pension Fund Act, 2075. Its relationship with GoN is routed through the Ministry of Finance. According to the Income Tax Act, 2058, EPF is an approved retirement fund that allows annual income deduction benefit on contribution by a member to his/her PF and Pension Fund account and special tax benefit privilege at the time of repayment of PF after retirement.

We also provide some social security benefits to our contributors, viz medical treatment expenses reimbursement, maternity and child care benefit, funeral grant, etc.

Our History

The history of Provident Fund (PF), in Nepal, dates back to 1934 AD when the PF scheme came into existence for army personnel formally as named Sainik Dravya Kosh (Army Provident Fund). The scheme operation was intended to remove immediate financial destitution for the army personnel on their retirement. Under the scheme, the army staff members were required to contribute a certain percentage of their monthly salary to their PF account, repayable after retirement. A decade later, in 1944, a similar scheme was also initiated for civil service employees working in the Kathmandu valley (the capital city of the country) named the Nijamati (Civil) Provident Fund. In the year 1948, the coverage of the scheme was extended to all the civil servants working throughout the country. In 1959, the Employees Provident Fund Department was formed under the Ministry of Finance and Economic Affairs of the GoN to manage both Sainik Dravya Kosh and Nijamati Provident Fund, and the coverage was also extended to the police service.