What is the difference between EPF, VPF and PPF? EPF is also referred to as PF stands for Employees’ Provident fund and PPF stands for Public Provident fund. As the name suggests, only eligible employees working in some organisation can subscribe to EPF through their employer, whereas a PPF...
To be eligible for APY, the individual should be between 18 and 40 years of age. The individual should have a savings bank account and an active mobile number. The individual should not be covered under any statutory social security scheme such as the Employee’s Provident Fund (EPF) or th...
Provident fund contribution or EPF has two sides – the employer’s contribution and employee’s contribution.This is usually12 per centof the basic salary. However, this contribution is not paid out . It is directly deposited in Provident Fund(PF) account and paid to employee when he retires...
Any person who is a resident of the country can make an investment in the PPF account, except the Hindu Undivided Family. Further, in case of minor and person of unsound mind, the parent or guardian can open an account on behalf of them. However, opening a joint PPF account is not per...
What is the difference between EPF and PPF? EPF and PPF are both maintained for the same purpose; to open a fund that can be used by an individual once he reaches retirement. The major difference between the two is that, EPF is mandated for salaried individuals, and there is a specific...
Key Differences Between ELSS and PPF The differences between ELSS and PPF can be drawn clearly on the following grounds: ELSS or Equity Linked Savings Scheme is an equity mutual fund, in which the investor can invest a specified sum either in the lump sum or in SIP for a fixed term. On...