contributory provident fund – Ideal Dictionary

Contributory provident fund (অংশীদারী প্রভিডেন্ট ফান্ড, অবদানকারী প্রভিডেন্ট ফান্ড, সঞ্চয়ী প্রভিডেন্ট ফান্ড) is a financial scheme that provides retirement benefits to employees. It is a savings plan where both the employer and the employee contribute a certain percentage of the employee’s salary to a fund that accumulates over time.

Part of Speech & Pronunciation

Part of Speech: Noun
Pronunciation: *kənˈtrɪb.jʊ.tər.i ˈprɒv.ɪ.dənt fʌnd*

Definition

A contributory provident fund is a retirement savings scheme where both the employer and the employee contribute to a fund that is managed by a financial institution. The accumulated amount is paid out to the employee upon retirement or in case of certain contingencies.

Synonyms

1. Retirement fund [retirement meaning in bengali](https://idealdictionary.com/bengali/retirement-meaning)
2. Savings plan [savings meaning in bengali](https://idealdictionary.com/bengali/savings-meaning)
3. Pension scheme [pension meaning in bengali](https://idealdictionary.com/bengali/pension-meaning)

Antonyms

1. Non-contributory fund (অবদানহীন ফান্ড)
2. Expenditure account (ব্যয় হিসাব)
3. Debt fund (ঋণ ফান্ড)

Origin

The term “contributory provident fund” originated in the early 20th century as a means to provide financial security to employees post-retirement.

Nearby Words

1. Contribution (Noun)
2. Provident (Adjective)
3. Fund (Noun)

Quotes in Literature

“A good retirement plan is like a good friend; it supports you when you need it the most.” – Unknown
(একটি ভাল অবসর পরিকল্পনা একটি ভাল বন্ধুর মতো; এটি আপনাকে সবচেয়ে বেশি প্রয়োজন হলে সমর্থন করে।)

Meaning in Different Languages

Bengali: অংশীদারী প্রভিডেন্ট ফান্ড
Hindi: योगदानात्मक भविष्य निधि
Nepali: योगदानात्मक भविष्य निधि
Urdu: شراکتی پروویڈنٹ فنڈ
Tamil: பங்களிப்பு ப்ரொவிடென்ட் நிதி
Telugu: భాగస్వామ్య ప్రావిడెంట్ ఫండ్
Arabic: صندوق التقاعد التشاركي
Chinese: 共同公积金
Japanese: 拠出型年金基金
Russian: взносовый пенсионный фонд

To see more- [contributory provident fund meaning in bengali](https://engtoben.com/dictionary/contributory-provident-fund-meaning-in-bengali), [dictionary.com](https://www.dictionary.com), [Wikipedia.com](https://www.wikipedia.com), [thefreedictionary.com](https://www.thefreedictionary.com).