Premise Fund is what PF stands for. Employers who are covered by the EPFO are required to contribute a corresponding amount to your PF account and withhold 12% of your salary. A portion of these are transferred to your pension fund. A portion of it is invested by EPFO, and interest is paid until you take it out due to unemployment or superannuation. Employees' State Insurance is known as ESI. In order to receive some benefits, including as maternity, disability, and sickness benefits, the employee must contribute 1.75% of their pay and the employer must contribute 4.75% of their pay to the ESIC.

The ESI system is applicable to any businesses with 10 or more employees that are located in locations where the scheme is being implemented, including corporate organizations, factories, restaurants, movie theaters, offices, and other institutions. Benefits under the Scheme are available to all employees of a covered unit whose monthly pay (excluding of overtime, bonuses, and leave encashment) does not exceed Rs. 21,000. Employees and their immediate family can get medical and monetary benefits through the ESI fund.