What is the difference between EPF and CPF?

EPF and CPF are known to be provident funds. These are given to people who are employed in India and Malaysia. EPF means the Employees Provident Fund. A certain portion of this can be used for the medical bills of the employee and even for housing but a certain percentage of this can only be received after the employee has terminated his employment or has retired.

The CPF, on the other hand, stands for Central Provident Fund. This shows the percentage of a person’s salary that should be given for this fund. Take note that the amount will differ depending on the person’s age. This applies to all people in Singapore who get their salaries.