It seems there might be a typographical error in your query. If you are referring to "Provident Fund" instead of "Probiyant Fund," I can provide information on that.

Provident Fund: A Provident Fund (PF) is a financial savings scheme that is commonly used in various countries, including India, the United Kingdom, and others. It is a government-backed, mandatory, and contributory retirement savings scheme that aims to provide financial security to employees after their retirement.

Here are some key points about Provident Funds:

1. Employee Contribution: Employees contribute a portion of their salary to the Provident Fund, and this amount is deducted from their salary on a monthly basis.
2. Employer Contribution: Employers also contribute an equal amount to the Provident Fund, making it a joint contribution from both the employee and the employer.
3. Accumulation: The contributions made by both the employee and the employer accumulate over the years, earning interest on the total balance.
4. Withdrawal: Employees can withdraw the accumulated amount, along with interest, upon retirement or resignation. There are specific rules and regulations governing withdrawals, and premature withdrawals may have certain conditions and implications.
5. Tax Benefits: Contributions made to the Provident Fund are often eligible for tax benefits, both for the employee and the employer.
6. Provident Fund in India:
• In India, the Employees' Provident Fund (EPF) is a widely used scheme governed by the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. The Employees' Provident Fund Organization (EPFO) manages the EPF in India.