BANGLADESH LABOUR LAW

Provident Fund
Chapter XVII (Provident Funds)
Provident Funds
 264: Provident Funds for workers in private sector
establishments:
 An establishment in the private sector may, for the welfare
of its workers, constitute a Provident Fund.
 Every permanent worker shall, after the completion of his
one year of service in the establishment constituting the
Provident Fund, subscribe to the Fund, every month, a sum,
unless otherwise mutually agreed, not less than seven
percent and not more than eight percent of his monthly
basic wages, and the employer shall contribute to it an
equal amount.