A savings fund in which both the employer and the employee contribute regularly in the interest of t...........

General Studies (CHSL) Indian Economy

A savings fund in which both, the employer and the employee contribute regularly in the interest of the employee is known as:

Balanced Fund

Index Fund

Provident Fund

Mutual Fund

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Explanation:

Employees' Provident Fund or EPF is a collection of funds contributed by the employer and his employee regularly on a monthly basis. The employer and employee contribute 12% each of the employee's salary (basic + dearness allowance) to the EPF. These contributions earn a fixed level of interest set by the EPFO.