The social security is not a new topic for formal and informal working employees, who want to make their future secure with usage of provident fund in later years. This research analyses the provident and pension fund savings in India, with the calculation of Eighteen years’ time period from 1998-2016. When it comes to years 1999, it was nominated for “International year of old Persons”. The Indian Government also proposed a project OASIS “Old Age Social & Income Security” into the favor of old age deposits and suggested reforms to the existing system for provident and pension fund system. The new pension fund by government employee was proposed in year 2004 and increased to general public in year 2009. The previous pension system was common since 1952 that relied on economic in government securities and bonds. It causes more interest to know if the public check only for safety of their deposits and give back no regards in return on their limited savings. This research also analyses the issues and understands that improvement in pension and provident fund system, it is easy to get better returns. The research also introduces the returns of bank deposits and provident funds deposits, which compares the better return. Moreover, let’s consider the inflation controlling efforts need to consider while motivating people to save more.