BITS contributes 12% of an employee's total compensation (viz.
pay-in-pay-band, AGP, DA and any other allowance) to the employee's
"contributory provident fund". The employee also contributes @ 12% of
his/her compensation. The total (employee's contribution, effective
BITS' contribution, and interest thereon) is payable to the employee at
the time of his/her separation from BITS. (This is governed as per the
Government's Employees' Provident Fund and Miscellaneous Provisions Act,