There are provisions for provident fund and gratuity for employees who have cleared the BPSC (Bihar Public Service Commission) exam. Let's discuss these provisions in detail:

Provident Fund:
- The provident fund is a retirement benefit scheme that is available to employees in various government sectors, including those who have cleared the BPSC exam.
- It is a savings scheme where a portion of the employee's salary is deducted and contributed towards the fund.
- The contribution is made by both the employee and the employer, with the employer matching the employee's contribution.
- The provident fund accumulates over the course of an employee's career and can be withdrawn upon retirement or resignation.
- The amount accumulated in the provident fund is tax-free, making it an attractive savings option for employees.
- The interest rate on the provident fund is determined by the government and is usually higher than the interest rates offered by banks.

Gratuity:
- Gratuity is a monetary benefit provided to employees as a form of recognition for their long-term service to an organization.
- Employees who have cleared the BPSC exam are eligible for gratuity after completing a minimum of five years of service.
- The gratuity amount is calculated based on the employee's last drawn salary and the number of years of service.
- The formula for calculating gratuity is: (last drawn salary * number of years of service * 15)/26.
- The maximum amount of gratuity that can be received is capped at Rs. 20 lakhs, as per the Payment of Gratuity Act, 1972.
- Gratuity is usually paid at the time of retirement, resignation, or death of the employee.
- It is important for employees to complete the required number of years of service to be eligible for gratuity.

In conclusion, employees who have cleared the BPSC exam are entitled to both provident fund and gratuity benefits. The provident fund helps in building a retirement corpus, while gratuity provides a monetary recognition for long-term service. These benefits are aimed at ensuring financial security and well-being for employees who have dedicated their careers to the service of the government.