The Employees' Provident Fund (EPF) is a retirement savings scheme designed for employees in the private sector. It is managed by the Employees' Provident Fund Organization (EPFO) in India, where both the employer and employee contribute a percentage of the employee's salary to the fund. This savings helps workers accumulate a financial cushion for their retirement. Upon retirement or under certain conditions, employees can withdraw their accumulated savings, which include contributions, interest, and any additional benefits. The EPF aims to provide financial security and promote savings among workers, ensuring they have funds available when they retire or face emergencies.