What is EPF ? – Victory Information

What is EPF ?

What is EPF ?

Posted: February 26th, 2018 | By: Lahiru - 0 Comments

Being the largest Social Security Scheme in Sri Lanka and having over Rs. 1,665 billions of assets, the EPF can ensure you a safe and stable future. The Administrative aspect of the EPF is handled by the Labour Department of Sri Lanka whilst the management of the funds is handled by EPF department of the Central Bank.

According to the EPF Act, an employee is required to contribute a minimum of 8% and the employer a minimum of 12% of the total salary of the employee monthly. Your EPF balance keeps growing as you mature at your working environment as the cumulative balance in your EPF account, which is maintained by the Central Bank, and is invested in Treasury Bills, Treasury Bonds, Equity, Corporate Debentures and Rupee Securities etc. Depending on the rate of return, an annual interest rate is declared and credited to your account. Thus your investment in time and money is safe, sound and growing annually in the hands of the EPF, giving you peace of mind that you will be stable and able to provide for your family and loved ones in the latter part of life.

The EPF is not only a helping hand or a shoulder to lean upon in the winter of life but a great partner throughout, for it will provide you with the option of obtaining a housing loan by placing 3/4th of your current balance as security. Thus the EPF will help you realize your dream of a home before retirement.

Thus you can rest assured that your future is a little bit more stable and secure with the Employees Provident Fund.

Reference : http://www.epf.lk/whatisepf.php

Leave a Reply

Your email address will not be published. Required fields are marked *

  • We have worked with Victory Information nearly more than 3 years and recommending the team for software solutions. The management and the team, both are very helpful at the time from the requirement study, implementation and the post-go-live support. They were with us for an extra mile until the customer satisfaction and greatly appreciate their service and the support.

    Asiri Cooray

    Thakral One - Head of ERP Solutions
  • The feedback for the H2SO4 system is good in all areas including servicing. Special thanks to Mr.Haritha Munasinghe for the persisting maintenance of same.

    Chathurika Deepani Subasinghe

    Delvon Security & Investigation PVT(Ltd) - Assistant Managing Director
  • The team has been delivering results within the budget and the time. I’m absolutely satisfied with the quality of their services, their development skills, and responsibility as well as the way they manage communication with us and our clients. I fully recommend Victory Information as a reliable IT partner.

    Ruwan Hitinayake

    Ekrain Holdings - Managing Director
  • We have been using H2SO4 as our ERP solution and have to say that it has transformed the way we do business. Real-time accounting provides real-time information to us with critical insight into our business which allows us to make fast and timely decisions. Flexible reporting in H2SO4 helps us to have information in an analytical manner which speeds up the effective decision making. Victory Information PVT(Ltd) has put a tremendous effort to make a model suitable for our industry as a Fertilizing Company.

    R M D B Rathnayake

    Ceylon Fertilizer Comapny Limited - IT Manager


(+94) 112 806 808 / (+94) 767 444 999