Karmachari Sanchaya Kosh

What Karmachari Sanchaya Kosh does

Karmachari Sanchaya Kosh (Employees Provident Fund — EPF Nepal) is a government statutory institution established under the Employees Provident Fund Act, 2019 B.S. (1962–1963 AD), operating under the oversight of the Ministry of Finance with its central office in Pulchowk, Lalitpur, Nepal. It administers two mandatory retirement products: the Provident Fund (10% employee + 10% employer contribution, with a 5.25% interest rate for FY 2082/83) and, since FY 2076/77 B.S., the Contributory Pension Fund (6% employee + 6% government contribution, with pensions indexed upward 10% every three years up to 5x). The institution also administers a social security benefits package including healthcare reimbursement (up to NPR 1 lakh/year for common ailments, up to NPR 10 lakh for critical illness), maternity benefits (NPR 7,500 per occurrence), funeral grants (NPR 40,000), and accident compensation. A suite of collateral-based loan products — Special Loan (up to 95% of accumulated PF balance, 5.35% interest), Home Loan (up to NPR 1.5 crore, 6.60%), Education Loan (up to NPR 50 lakh, 6.60%), Easy Loan (up to NPR 1 crore, 6.85%), Land Purchase Loan, and House Maintenance Loan — supplements the retirement products and monetizes the contributor base via processing fees.

Service delivery combines a nationwide physical network of 8 branch offices and 4 service centers covering all seven provinces with a digital infrastructure consisting of an individual contributor i-portal, a corporate employer portal, an online KYC platform, a 2024-launched mobile application on iOS and Android, and ConnectIPS-integrated loan repayment processing. At the stated scale of 578,000 contributors, 96,000 pensioners, 33,300 contributing offices, and 4,200 pension offices, the fund manages total assets exceeding NPR 1.4 trillion across Provident Fund, Pension Fund, and Investment Securities portfolios, with announced mobilization of over NPR 500 billion into national infrastructure including hydropower and airports.

The institution is governed by a board with representation from the Ministry of Finance, Nepal Police, Nepali Army, Tribhuvan University, and Rastriya Banijya Bank, and operates as a trust-based social security mechanism rather than a commercial enterprise — there is no commercial pricing for core membership (which is mandatory for covered employees), with income derived from loan processing fees, investment returns on the managed portfolio, and administrative charges. Recent strategic activity centers on extending the contributory pension mandate to provincial governments (Koshi Pradesh MoU, 2082 Mangsir) and to state-owned banks (NRB, ADBL, NBL, RBB MoUs in 2083 Ashadh).

Name

Karmachari Sanchaya Kosh

Legal name

Karmachari Sanchaya Kosh (Employees Provident Fund)

Website

https://epf.org.np

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

11–50 employees

Short description

Karmachari Sanchaya Kosh (EPF Nepal) is a government statutory institution administering mandatory provident fund and contributory pension schemes for civil servants, military, police, and organized private sector employees across Nepal, managing over NPR 1.4 trillion in combined assets through 8 branches and digital channels.

Ownership category

akta.pro rank

Product category

Provident Fund and Retirement Savings Management

NAICS

Pension Funds (525110), Health and Welfare Funds (52512), Trusts, Estates, and Agency Accounts (52592)

SIC

Finance Services (6199)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK)

Keywords

• Provident fund management
• Retirement savings administration
• Contributory pension fund
• Social security benefits
• Collateral-based lending

Headquarters

HQ city

Pulchowk, Lalitpur

HQ country

Nepal

HQ region

Asia

Offices13 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Provident Fund Management: EPF manages mandatory retirement savings for government, public, and private sector employees. The contribution mechanism deducts 10% from an employee's monthly salary, with an equal 10% contributed by the employer, deposited into individual accounts. The fund invests pooled contributions in infrastructure, hydroelectric projects, and securities, generating returns that are credited back to members as annual interest. In fiscal year 2082/83, contributors received an interest rate of 4.25% plus an additional 1%, totaling 5.25%.
2. Contributory Pension Fund: For civil servants, Nepal Army, Nepal Police, and Armed Police Force appointed from 2076 BS Shrawan 1 onwards, EPF manages a 6% employee + 6% government contributory pension scheme. The pension amount increases up to 5 times at a rate of 10% every 3 years. Employees completing 20 years of service receive pension per the Pension Fund Act, 2075 provisions.
3. Loan Services: EPF provides various collateral-based loans to contributors including Special Loan (up to 95% of accumulated PF balance), Home Loan (up to NPR 1.5 crore), Education Loan (up to NPR 50 lakh), Land Purchase Loan, Easy Loan (up to NPR 1 crore), House Maintenance Loan (up to NPR 50 lakh), and Auto Loan. Interest rates range from 5.35% (special loan) to 6.85% (land purchase/easy loan). Loan processing fees are charged as 1% of the approved loan amount or NPR 10,000, whichever is lower.
4. Social Security Benefit Administration: EPF administers social security schemes including healthcare plan reimbursements (up to NPR 1 lakh per year for common ailments, up to NPR 10 lakh for critical illnesses), maternity and child care (NPR 7,500 per occurrence, max 2 times), funeral grants (NPR 40,000), and accident compensation. Processing fees and service charges are assessed for claim handling.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

Karmachari Sanchaya Kosh (Employees Provident Fund - EPF Nepal) is a government statutory institution that manages mandatory retirement savings, contributory pensions, and social security benefits for Nepalese employees across government, public enterprises, and organized private sector institutions. It collects statutory monthly contributions (10% employee + 10% employer for provident fund; 6% + 6% for pension), invests pooled funds in infrastructure and securities, and disburses retirement accumulations, collateral-based loans, and social security benefits including healthcare, maternity, and funeral grants.

Product overview

Karmachari Sanchaya Kosh (Employees Provident Fund - EPF Nepal) operates as a unified social security platform offering three interconnected service categories: (1) Core retirement products including Provident Fund and Contributory Pension Fund, (2) Financial services comprising six loan products (Special Loan, House Loan, Education Loan, Easy Loan, House Maintenance Loan, Land Purchase Loan), and (3) Social security benefits including Maternity and Child Care, Funeral Grants, Accident Compensation, and Healthcare Plan. EPF provides digital access through its Individual Portal (iPortal), Corporate Portal, Mobile Application, and Online KYC Services, creating an integrated ecosystem for contributors to manage their retirement savings, access loans, and receive social security benefits. The organization maintains 8 branch offices and 4 service centers across Nepal to deliver these services alongside digital channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Provident Fund Mandatory retirement savings scheme where 10% of monthly salary is deducted from employee and matched by employer, deposited into individual PF accounts managed by EPF with annual interest crediting (4.25% base + 1% bonus in FY 2082/83 = 5.25%). The accumulated balance is returned to the contributor upon retirement or service termination.
• Contributory Pension Fund Pension scheme for new appointees in government and public institutions with 6% employee + 6% government monthly contributions. Pension amount increases up to 5 times at 10% every 3 years for employees completing 20 years of service.
• Special Loan (Sapati) Collateral-free loan of up to 95% of accumulated provident fund balance at 5.35% per annum, available to contributors with minimum 2 years of regular contributions. Processing fee is 1% of approved loan amount or NPR 10,000 (whichever is lower).
• House Loan Property-backed loan for house construction, purchase, or floor addition with maximum limit of NPR 1.5 crore at 6.60% per annum interest. Requires collateral property within EPF-designated areas.
• Education Loan Collateral-backed loan for higher education of the contributor, spouse, or children with maximum limit of NPR 50 lakh at 6.60% per annum interest. Requires minimum 6 months of regular PF contributions.
• Easy Loan Collateral-backed personal loan for social works and emergencies with maximum limit of NPR 1 crore at 6.85% per annum interest, requiring property collateral within designated areas.
• House Maintenance Loan Loan for house repair and maintenance with maximum limit of NPR 50 lakh at 6.60% per annum interest, requiring collateral property documentation and assessment.
• Land Purchase Loan Collateral-backed loan for land acquisition at 6.85% per annum interest, subject to property valuation and EPF-designated area requirements.
• Healthcare Plan Medical treatment reimbursement scheme providing up to NPR 1 lakh per year for general illnesses (max 2 hospitalizations) and up to NPR 10 lakh for critical diseases over service tenure. Requires minimum 6 months of regular contributions.
• Maternity and Child Care Benefit Social security benefit providing NPR 7,500 per childbirth occurrence, limited to 2 disbursements per service tenure. Available for female contributors or contributor's wife with minimum 6 months of regular PF contributions.
• Funeral Grant Death benefit of NPR 40,000 provided to legal heirs of contributors who die during service tenure, available for all enrolled EPF contributors who have made contributions.
• Accident Compensation Scheme Social security benefit providing compensation to contributors or their families in case of accidents during service tenure, designed for high-risk occupations including security forces.

Quantifiable outcome

• 578,000 contributors and 96,000 pensioners served across 33,300 contributing offices and 4,200 pension offices
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• Rastriya Banijya Bank LimitedcoreStrategic or Co-development Partner · 31 June 2083MoU signed between Rastriya Banijya Bank and Karmachari Sanchaya Kosh for EPF to manage PF and retirement fund for Rastriya Banijya Bank's permanent employees. Date: 2083 Ashadh 31.
• Agriculture Development Bank Limited (ADBL)coreStrategic or Co-development Partner · 30 June 2083MoU signed between Agriculture Development Bank Limited and Karmachari Sanchaya Kosh for EPF to manage PF and retirement fund for ADBL's permanent employees. Date: 2083 Ashadh 30.
• Nepal Bank Limited (NBL)coreStrategic or Co-development Partner · 30 June 2083MoU signed between Nepal Bank Limited and Karmachari Sanchaya Kosh for EPF to manage PF and retirement fund for NBL's permanent employees. Date: 2083 Ashadh 30.
• Nepal Rastra Bank (NRB)coreStrategic or Co-development Partner · 29 June 2083MoU signed between Nepal Rastra Bank and Karmachari Sanchaya Kosh for EPF to manage PF and contributory pension fund for NRB's permanent employees under the contributory pension scheme. Date: 2083 Ashadh 29.
• Ministry of Finance, Koshi PradeshcoreStrategic or Co-development Partner · 7 October 2082MoU signed between Ministry of Finance of Koshi Pradesh and Karmachari Sanchaya Kosh for the establishment and operation of Contributory Pension Fund for provincial government employees. Date: 2082 Mangsir 7.
• Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)coreOthers · 1 January 2014EPF Nepal has been an Associate Member of ADFIAP since 2014. ADFIAP serves as the focal point for development banks and financial institutions across the Asia-Pacific region, with over 131 member institutions from 45 countries. This membership enables EPF to benefit from knowledge sharing, policy guidance, and capacity building for strategic investments in infrastructure and energy.
• International Social Security Association (ISSA)coreOthers · 1 January 1980EPF Nepal has maintained membership with ISSA since 1980. In 2022, EPF obtained Affiliate Membership of ISSA, recognizing its expanding role in social protection. ISSA, established in 1927 and headquartered in Geneva, promotes excellence in social security administration globally. This partnership enables EPF to adopt international best practices in provident fund management, contributory pension, and social security delivery.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Citizen Investment Trust (CIT) Nepal: Nepal's state-owned CIT manages unit-based investment schemes and retirement savings plans for the public. Directly comparable to EPF Nepal as a domestic state-backed retirement and savings provider.
• Employees' Provident Fund Sri Lanka: Sri Lanka's EPF manages mandatory retirement savings for private sector employees with employer/employee contributions, including a retirement age benefit and housing schemes. Closest regional peer to EPF Nepal in South Asian regulatory context.
• Employees Provident Fund (EPF) Malaysia: Malaysia's KWSP/EPF administers mandatory retirement savings for private sector workers with employer/employee contributions. Comparable to EPF Nepal in mandatory contribution model and integrated social security withdrawal provisions.
• National Pension System (NPS) India: India's NPS is a contributory, market-linked defined-contribution pension scheme for government and private sector subscribers. Comparable to EPF Nepal's Contributory Pension Fund under the Pension Fund Act, 2075.
• Employees' Provident Fund Organisation (EPFO) India: India's statutory Employees' Provident Fund Organization manages mandatory PF contributions for the formal sector. EPFO is the closest international analogue to EPF Nepal in mandate, contributory structure, and pension/withdrawal framework.
• Central Provident Fund (CPF) Singapore: Singapore's CPF is a statutory social security savings scheme funded by employer/employee contributions, covering housing, healthcare, and retirement. EPF Nepal mirrors CPF in mandate scope across retirement, housing loans, and medical benefits.
• Employees' Old-Age Benefits Institution (EOBI) Pakistan: Pakistan's EOBI administers contributory old-age pension, invalidity, and survivor benefits for private sector workers. Comparable to EPF Nepal's contributory pension scheme in social-security scope and target population.

Broad incumbents

• Public Provident Fund (PPF) India: India's PPF is a government-backed long-term savings scheme with tax advantages. Comparable to EPF Nepal's tax-advantaged retirement offering, but a pure voluntary savings vehicle rather than a mandatory employer-linked scheme.
• National Insurance Corporation (NIC) Nepal: Nepal's state-owned general insurer offers life and non-life products and accident/health coverage. Comparable to EPF Nepal as a domestic state-owned risk-benefit provider, particularly in accident compensation and healthcare reimbursement overlap.

Others

• Nepal Insurance Board: Nepal's insurance sector regulator oversees insurers and reinsurers. Relevant to EPF as a contextual regulator/ecosystem participant given EPF's social security benefit offerings and co-investment in Nepal's financial sector.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/employee-provident-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Karmachari Sanchaya Kosh