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...
The employer contributes the same amount and matches this payment. Out of the 12%, 8.33% is directed towards Employee Pension Scheme and 3.67% to EPF. However, the employee's total contribution of 12% goes towards EPF. When you retire, you can withdraw a lump sum from EPF. Because the ...
The UAN stays the same of life and thus the employee need not request for another number whenever he switches a job. In this blog we will assist you in understanding the complex process of withdrawing EPF and how you can avail its benefits both Online & Offline. Process of EPF Withdrawal ...
As having employment is a mandatory criterion for EPF registration, people without such fixed-income jobs can opt for PPF. People’s Provident Fund is open to all people, employed, self-employed, unemployed, freelancers, and even students. ...
Pension Scheme, this is contributed by your employer and by the Central Government. Your employer contributes 8.33% of Rs. 6,500 Basic salary to the Employee Pension Scheme, and the Central Government contributes 1.16% of the same. The EPS provides you with regular annuity after your retirement...
Voluntary Provident Fund, Difference between EPF and PPF,EPF Calculator-Method I:3.67% Withdrawal or Transfer of Employee Provident FundProblems,Tax on EPF withdrawal,Transfer EPF account online : OTCP UAN or Universal Account Number and Registration of UAN ...
If the lock-in period for the employee provident funds is not completed, then there can be penalties for the same. There are very strict rules for withdrawals of funds. There are only limited returns in employee provident funds, which act as a major disadvantage. ...
Further, in the case of retirement, the amount is transferred to the bank account of the concerned individual. On the contrary, PPF has a fixed term of 15 years, after which the person can choose to extend the term for a block of 5 years or he can withdraw the same and close the ...
and D.A. The contribution will earn the same rate as normal EPF contribution. But the employer is not bound to contribute at the enhanced rate. Employer’s will contribute an amount matching only the 12%.Our articleVoluntary Provident Fund, Difference between EPF and PPFcovers Voluntary ...
the interest rate has ranged from 8-12 % of the balances maintained in the fund. The EPF interest rate notification is available on the official website of EPF India on an annual basis. The same is communicated through major newspapers dailies in all cities. Table given below shows the inte...