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Is there any risk in joining a concern without having provident fund facility?

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Concern giving consolidated salary.

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None from the legal perspective.

But considering retirement, you should think of enrolling in a PPF account by yourself - SBI will be a good option.
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Thatz not a very big issue. But check out with the existing employee's in that company whether they are paying correctly and some company's detail. More information regarding companies activies http://my6thsense.blogspot.com
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No Loss and No Risk. If you are getting your full considration than no risk.

tulsi gupta

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