In the year 1952, Employees Provident Fund Organization (EPFO) and Miscellaneous Provisions act introduced a scheme named Employees Provident Fund (EPF) with an objective to promote an employee to save a segment of his income for future needs. The program is controlled under the EPFO which bounds an entity with more than 20-employees to obtain PF Registration. An institute with a lesser number can also opt for PF Registration on its own free will.