The Employee Provident Fund (EPF) is a retirement savings scheme designed to help employees save for their future. It is managed by the Employees' Provident Fund Organisation (EPFO) in many countries, where both the employer and employee contribute a percentage of the employee's salary to the fund. This accumulated amount earns interest over time, providing financial security upon retirement. Upon reaching retirement age or under specific conditions, employees can withdraw their savings from the EPF. The fund also offers benefits like loans for housing or education, making it a valuable financial tool for employees throughout their working life.