A/an is a sum of money paid by the employees in the form of an investment, which is returned to them when they retire.
A
provident fund
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
gratuity
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
insurance
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
medical fund
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A provident fund A provident fund is a sum of money paid by the employees in the form of an investment, which is returned to them when they retire. One of the most popular pension accounts is known as employee provident fund.