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Question

What type saving scheme does a permanent employees working in paper mills get?

A
Recurring Deposits
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B
Provident Fund
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C
Fixed Deposits
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D
all of the above
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Solution

The correct option is B Provident Fund
The company facilitates him with savings schemes like Provident Fund which helps him save a lump sum amount on retirement. For this purpose, a small amount is deducted by the company every month. The company and the government cover the rest.

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