What is PF, and why is it deducted from your salary every month? If you have recently started working or are learning payroll, this is a useful blog to begin. Most people know PF as money saved for retirement. However, the system also includes pension and insurance schemes that can support eligible employees and their families. What is PF and Why Does It Matter? PF stands for Provident Fund. In the workplace, people commonly use “PF” to mean the Employees’ Provident Fund (EPF