We Simplify Your Employee Provident Fund
Empower your team’s future with risk-free savings that offer long-term financial benefits.
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Leading Companies
trust SmartBenefits
Track Fund Performance in Real-Time
For Employers
Monitor fund performance through our all-in-one HR dashboard
For Employees
Track daily returns and fund growth via our intuitive mobile app
Benefits of Provident Fund
Both employer and employee contribute equally to the provident fund, with a minimum of 8.33% of basic salary as per law.
We support recognised registered trust, allowing seamless transition. We also support unrecognized fund and can help with registration of trust
Contributions are invested in a Shariah compliant money-market fund, a safe investment with competitive rate of return, applied daily to the invested amount.
Employees benefit from long-term savings, no tax deducted at the time of withdrawal
Every employee gets free life insurance, offers 2x coverage of the last 3 month average balance in case of natural death and 4x due to accidental death.
Employers maintain full control over withdrawals. HR can decide when to release funds as per their policy, be it partial or full settlement
Ready to set up your team’s provident fund?
Why Choose Us
Self Managed Provident Fund
Finance manually manages the fund by investing in TDRs, PIBs, T-bills, operating like a corporate treasury.
Manual calculation of every employee’s balance, profit, loan repayment etc
Immediate liquidity can be a challenge if invested in a fixed-term deposit, potentially delaying withdrawals.
Group life insurance policy premium to be paid every year
PF balance can be viewed on payslip every month, profit applied at the end of the year by finance
Internal resource cost
SmartBenefits
Managed by a registered asset management company for added trust and visibility
Individual investment account of each employee, no manual calculation required in excel sheet
Partial or Full withdrawal within 48 hours
Free life insurance up to 5 Million for each employee at no additional cost
Employees have full transparency, Provident Fund balance and daily profits can be viewed via mobile app.
Zero upfront cost, only admin cost charged