Provident Fund: Latest News and Updates, Top Stories, Videos, Photos About Provident Fund

EPFO Introduces Automatic Transfer System Of Provident Fund Balances; How Does The New Rule Work?

In a bid to simplify the process of transferring provident fund (PF) balances for employees switching jobs, the Employees' Provident Fund Organisation (EPFO) has implemented a new automatic transfer system. This streamlined process aims to alleviate the hassle and delays associated ...

Decoding PF Vs PPF: From Interest Rates, Eligibility, To Tax Benefits, Other Features

Navigating the intricate world of savings and investments can be akin to navigating a maze for individuals in India. Among the plethora of options, two stalwarts stand out: PF (Provident Fund) and PPF (Public Provident Fund). While both emphasise the importance ...

Here's A Step-By-Step Guide On How To Open A PPF Account For Tax Exemption Purposes

In the realm of tax-saving investments in India, the Public Provident Fund (PPF) stands as the preferred choice for individuals seeking a secure and tax-efficient path to wealth accumulation. As of January 2024, PPF continues to attract investors with its triple ...

General Provident Fund Interest Holds Firm At 7.1% until March 2024; A Comparison With EPF And PPF

The Ministry of Finance has confirmed that the General Provident Fund (GPF) and other similar savings avenues will continue to offer an interest rate of 7.1% until March 2024. This announcement mirrors the rates of the previous quarter, maintaining stability for ...

GPF Rate Announced: Interest Rate On General Provident Fund Unchanged At 7.1% For Jan-March 2024 Quarter

The Finance Ministry has kept the interest rate for the General Provident Fund (GPF) unchanged at 7.1% until March 2024. With this the government has also kept interest rates for other provident fund schemes constant for the January - March 2024 ...

EPFO Update: Can EPF Members Still Withdraw Funds From Covid Advance Facility?

EPF members may now not be able to withdraw funds from the Covid advance facility as the retirement fund body The Employees' Provident Fund Organisation (EPFO) has reportedly terminated this special fund withdrawal facility that was granted to subscribers to take ...

Reasons For EPF Withdrawals: Tips To Ensure A Smooth Sail Through Provident Fund Claims

The Employees' Provident Fund Organisation (EPFO) plays a pivotal role in safeguarding the financial interests of millions of workers, overseeing the provident fund contributions that form a crucial part of their financial safety net. While the EPFO allows subscribers to make ...

How Should Provident Fund Account Holders Check EPF Passbook, EPF Balance Online

Provident Fund (PF) account holders receive an e-passbook i.e EPF passbook from the Employees' Provident Fund Organisation (EPFO) in order to access information linked to their PF account including contributions, interest earned, withdrawals, etc. Through the digital passbook, the PF account ...

PFF, SCSS, Time Deposit Accounts' Norms Eased: Here's How Depositors Will Benefit

Amidst back-to-back festive seasons, the government has made key changes in certain small saving schemes to attract depositors and intensify competition with other financial services providers like banks and NBFCs. These are the Public Provident Fund (PPF) and Senior Citizen Savings ...

EPF Withdrawal: Steps-By-Step Process On How To Withdraw Your PF Amount

Employees' Provident Fund (EPF), also known as PF (Provident Fund), is a mandatory savings scheme for employees of an established organisation. The scheme offers an interest rate of 8.15% to employees contributing 12% of their basic pay every month to this ...

Withdraw Your PF Before Retirement: A Step-By-Step Guide!

As a salaried employee in India, you're likely contributing a part of your monthly income to your Employee Provident Fund (EPF). This is not just a smart savings plan but an excellent tax-saving instrument too. However, there might be times when ...

Explained: Why PPF Should Not Be A Long Term Bet of 15-Year Lock In Period?

Public Provident Fund (PPF) is a government backed scheme that is popular for its long term tenure and EEE tax benefits. PPF comes with a lock-in tenure of 15 years and currently offers a return of 7.1 % per annum (compounded ...

Provident Fund News