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    Who We Are

    Welcome to Employees Provident Fund

    Karmachari Sanchaya Kosh (Employees Provident Fund – EPF) is a statutory institution established under the Employees Provident Fund Act, 2019, mandated to manage the Provident Fund (PF) and Contributory Pension Fund system in Nepal. EPF administers retirement savings for employees working in the government, public enterprises and private sector.  As a trustee institution, EPF ensures long-term financial security for its members through systematic savings and investment. In addition to managing Provident Fund contributions, EPF has been entrusted with implementing the Contributory Pension Scheme for federal government and Public sector employees , in accordance with the Pension Fund Act, 2075.

    EPF operates under the oversight of the Ministry of Finance and is recognized as an approved retirement fund under the Nepal Income Tax Act, 2058. This allows contributors to benefit from annual income tax deductions on their Provident and Pension Fund contributions, as well as tax exemptions on withdrawals after retirement. Beyond retirement savings, EPF provides a range of social security benefits to its members, including medical treatment reimbursements, accident indemnity claims, maternity and child care allowances, and funeral grants among others. EPF continues to play a vital role in enhancing financial stability and social protection for Nepalese workers.

    Our History

    • 1991 B.S.

      Establishment of Sainik Drabya Kosh (Military Provident Fund), which marked the beginning of the first formal savings fund for personnel of the Nepalese Army.

    • 2001 B.S.

      Establishment of Nijamati Sanchaya Kosh (Civil Service Provident Fund), which began managing funds for civil servants in Kathmandu.

    • 2007 B.S.

      Expansion of Nijamati Sanchaya Kosh services to civil servants across the entire country.

    • 2016 B.S.

      Formation of the Employees Provident Fund Department under the Ministry of Finance and Economic Affairs, integrating the management of both the Military and Civil Service Provident Funds.

    • 2019 B.S.

      The Employees Provident Fund Act, 2019 B.S., was passed, and the Karmachari Sanchaya Kosh (Employees Provident Fund) was formally established, operating as an independent body.

    • 2037 B.S.

      Obtained associate membership of the International Social Security Association (ISSA), initiating activities based on international social security standards.

    • 2049 B.S.

      Co-founded Nepal SBI Bank Limited, marking a significant investment in the financial sector.

    • 2050 B.S.

      Expanded financial services through investment in Himalayan Bank Limited.

    • 2070 B.S.

      Launched social security benefits, including medical treatment facilities.

    • 2075 B.S.

      Under the Pension Fund Act, 2075 B.S., the Employees Provident Fund was mandated to implement a contributory pension scheme for appointed employees of government and public institutions starting from the fiscal year 2076/77 B.S. (2019/20 A.D.).

    • 2080 B.S.

      Announced mobilization of investments exceeding NPR 500 billion, with substantial investments in major infrastructure projects including hydropower and airports.

    Affiliations

    ISSA :

    • Karmachari Sanchaya Kosh (EPF Nepal) has maintained membership with the International Social Security Association (ISSA) since 1980, reflecting its long-standing commitment to global standards in social security management. In 2022, EPF Nepal further strengthened this alliance by obtaining Affiliate Membership of ISSA, recognizing its expanding role beyond fund management into broader social protection initiatives.ISSA, established in 1927 and headquartered at the International Labour Office in Geneva, is the leading global organization that unites social security institutions and agencies. It promotes excellence in social security administration by fostering innovation, policy dialogue, and capacity building among its member institutions worldwide. Its mission is to support the development of dynamic, effective, and sustainable social security systems, thereby enhancing social well-being and protection globally.

     

    • Through its membership, EPF Nepal aligns itself with ISSA’s principles of good governance, digital transformation, and inclusive social protection. The partnership has empowered EPF to adopt international best practices and strengthen its delivery of services such as provident fund management, contributory pension, and various social security benefits, including medical, maternity, accident, and funeral support. This collaboration underscores EPF Nepal’s commitment to becoming a leading institution in social security management, guided by global standards and dedicated to the well-being of its members.

    Click here for ISSA website https://ww1.issa.int/

    ADFIAP :

    Karmachari Sanchaya Kosh (EPF Nepal), a leading institution in mobilizing financial resources within Nepal, has been an Associate Member of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) since 2014. This membership recognizes EPF’s growing role not only in social security but also in supporting sustainable development through strategic investment and financial stewardship.

     

    ADFIAP, established in 1976, serves as the focal point for development banks and financial institutions across the Asia-Pacific region. With over 131 member institutions from 45 countries, ADFIAP is dedicated to promoting sustainable economic growth by empowering its members with knowledge sharing, policy guidance, and institutional capacity-building. It works as a platform to encourage innovation, responsible financing, and alignment with global development goals, especially the United Nations Sustainable Development Goals (SDGs).

     

    By joining ADFIAP, EPF Nepal has positioned itself as a proactive player in development financing, benefiting from regional collaboration and access to international best practices. This alliance has enabled EPF to expand its investment capabilities in infrastructure, energy, and other national priorities, thereby contributing to Nepal’s socio-economic progress. The partnership reflects EPF Nepal’s strategic vision to integrate financial strength with developmental impact while ensuring long-term social protection for its members.

    Click here for ADFIAP website

    Vision

    • Through leadership role as the national social security provider, establish the fund as a social security organization of international standards.

    Mission

    • Through effective resource mobilization, sustainable and attractive facilities, qualitative services and expanding the coverage of potential social security programs to all employees in the organized sector, establish the fund as Nepal's most reputed social security organization.
    • Through modern management systems, establishment and expansion of quality based network, creative and competitive working principle, extensive cooperation and partnership, develop the fund as a social security organization of international standards.
    • Through good management of the provident fund and social security benefits, providing assurance on social security to the contributors and making the fund as ''A happy big family of satisfied members''.
    • Through mobilization of the long term savings available with the fund in infrastructure development, contribute in the country’s economic development.
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