PF (Provident Fund) and ESIC (Employees’ State Insurance Corporation) are important employee welfare and social-security schemes in India.

PF – Provident Fund

PF is a retirement savings scheme for eligible employees. Both the employee and employer contribute as per applicable rules.

• Helps employees build long-term retirement savings.
• Contributions are generally made every month.
• Employees may receive benefits such as retirement savings, interest, and eligible withdrawal/pension benefits.
• Employers are responsible for applicable PF registration, contributions, and compliance.

ESIC – Employees’ State Insurance

ESIC provides social-security and medical benefits to eligible employees and their families under the ESI scheme.

• Provides medical carethrough the ESI system.
• Offers benefits for eligible cases such as sickness, maternity, employment injury, and disability.
• Both employer and employee contribute according to applicable rules.
• Employers must complete applicable ESIC registration and periodic compliance.