PROVIDENT FUND, LOANS
& GRATUITY IN ONE PLACE
Keep a provident fund ledger with vesting and interest, approve loans against PF level by level, and gather gratuity and other dues when someone leaves.
Every taka owed to your people, tracked
PF, loans, gratuity and final settlement use the same employee records as payroll, so balances and dues are always up to date.
PF ledger
Employee and company contributions for every employee in one ledger, with an approval step for each record.
Vesting for the company share
The company contribution only vests after the years of service you set, counted from the joining date.
Interest and balances
Apply PF interest from your settings. Balances recalculate when settings change, and employees can see their own balance.
Request from the phone
Employees request a loan from the Android app with the type, amount, instalments and an attachment.
Multi-level approval
Set who approves at each level. Every approver has a queue, and each request keeps a full approval history.
Limits and instalments
Cap loans at a percentage of the employee's PF balance, allow one running loan at a time and track every instalment.
Gratuity from your policy
Set the years of service needed, the share of basic salary that counts and the maximum amount, and TeamUp works out each employee's gratuity.
Leave encashment
Unused paid leave across all years of service is valued against basic salary, up to the limit you set.
Final settlement
A leaving employee requests settlement, the line manager and HR approve it, and TeamUp gathers gratuity, encashment, PF and other dues on one screen.
PF, loan and gratuity questions
Still have questions?
Can't find the answer you're looking for? Talk to one of our product experts today.
Yes. You set the maximum loan as a percentage of the employee's PF balance.
After the number of years of service you choose. Until then, only the employee's own contribution is counted as theirs.
Yes. You set the service years needed, the percentage of basic salary and the maximum amount. We recommend checking your policy with your legal adviser.
Yes. Employees request loans in the Android app and follow the approval status there.
The employee submits a settlement request, their line manager approves it, then HR. TeamUp brings together gratuity, leave encashment, PF and other dues for the settlement.