Provident fund withdrawal: Avoid these 5 mistakes while taking out EPFO PF money Provident fund withdrawal: To claim your PF, avoid these 5 mistakes. Share Updated: Jul 12, 2021, 06:39 AM IST Mostly, a salaried person contributes around 10% of salary every month to the Employees’ Provident Fund (EPF). EPF is a saving scheme that is introduced by the Employees' Provident Fund Organisation (EPFO). The EPF is also referred to as Provident Fund (PF), which is a government-backed scheme where the deduction is compulsory for salaried individuals. The employer and the employee contribute 10 per cent of the employee's basic salary each month to the Employee Provident Fund Organisation (EPFO).