Hi, I have a few questions concerning the Provident Fund:
1) It says that the minimum contribution is 5% of EK's basic salary, and EK contributes 12% as well. Is there a limit as too how much you can opt to contribute and if so, does EK up its contribution from 12%?
2) Who looks after the Provident Fund?
3) Is the provident fund open to all types of investments such as bonds, currency exchange, stocks, futures, and mutual funds depending on your requested risk allocation?
Thanks in advance.