Investment of provident fund

The contributory provident fund shall be invested in any one or more of the modes given below:- (i) In any of the securities specified in Section 20 of the Indian Trust Act, 1882 (No. 2 of 1882); or (ii) With any bank approved for the propose by the Registrar; or (iii) In post office savings bank; or (iv) In any of the saving schemes launched by the Central Government or State Government; or (v) In accordance to the provisions of Income Tax Act.