The Provident Funds Act, 1925
An Act to amend and consolidate the law relating to Government and other Provident Funds.
Administered by. Ministry of Labour and Employment · Other Acts of 1925
Preamble
THE PROVIDENT FUNDS ACT, 1925
ACTNO. 19 OF 19251
[27th August, 1925.] An Act to amend and consolidate the law relating to Government and other Provident Funds.
WHEARES it is expedient to amend and consolidate the law relating to Government and other Provident Funds;
It is hereby enacted as follows:--
What this Act covers
Summary of the Provident Funds Act, 1925
Key Features
• Protection of Provident Fund Deposits: Safeguards amounts standing to the credit of subscribers in specified provident funds.
• Exemption from Attachment: Provides that provident fund balances are generally not liable to attachment under any decree or order of a court, subject to the provisions of the Act.
• Nomination of Beneficiaries: Enables subscribers to nominate persons to receive the provident fund balance upon their death.
• Payment to Nominees or Legal Heirs: Prescribes the manner in which provident fund accumulations are payable to nominees or, where no nomination exists, to eligible legal representatives.
• Applicability to Recognised Funds: Applies to government provident funds and other provident funds specified under the Act.
• Financial Security: Protects retirement savings to ensure financial support for subscribers and their dependants.
Sections
Type to filter. 11 sections.
- 1Short title, extent and commencement
- 2Definitions
- 3Protection of compulsory deposits
- 4Provisions regarding re-payments
- 5Rights of nominees
- 6Power to make deductions
- 6AWithholding or recovery of Government contributions in case of Central Government officers taking up, without prior permission, commercial employment within two years of their retirement
- 7Protection for acts done in good faith
- 8Power to apply the Act to other Provident Funds
- 9Savings as to estates of soldiers
- 10Repealed
Schedules
This Act has 1 schedule. A schedule is published as a document of its own; the text is reproduced on its page where it has been read, and the document is mirrored here either way.
- THE SCHEDULE1,303 words
Related Acts
- The Marking of Heavy Packages Act, 195110 sections
- The Bonded Labour System (Abolition) Act, 197627 sections
- The Child and Adolescent Labour (Prohibition and Regulation) Act, 198630 sections
- The Labour Laws (Simplification of Procedure for Furnishing Returns and Maintaining Registers by certain Establishments) Act, 19888 sections
- The Code on Wages, 201969 sections
- The Code on Social Security, 2020164 sections
- The Occupational Safety, Health and Working Conditions Code, 2020143 sections
- The Industrial Relations Code, 2020104 sections
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Every one of the 11 sections of this Act has its own page. This page is not a substitute for legal advice.