An Employment Provident Fund (EPF) administered by the EPFO (the Employees Provident Fund Organization of India) is a retirement perk for all the salaried employees. Any association engaging 20 workers, or more are needed to enroll under the EPF scheme. This scheme acts as social security for all the employees by promoting the savings.
ESI (Employee State Insurance) represents Employee State Insurance controlled by the Employee State Insurance Corporation. This scheme provides various medical benefits to employees as well as their family members in case of uncertain events in the field of working like sickness, accident, injury, maternity, death, disablement. Any organization having more than 10 workers who have maximum compensation of Rs. 21,000/ - needs to mandatorily register itself with the ESIC.