Employee Provident Fund | Fixed Deposit, Mutual Funds, Insurance, Personal Finance, Loans, Income Tax

EPF & VPF Interest Rate raised to 8.5% for 2012 – 2013

There is good news for five crore subscribers of EPF (Employee Provident Fund) and VPF (Voluntary Provident Fund). EPFO has decided to increase the interest rate on both EPF & VPF to 8.5% for FY 2012-13. This was reduced to 8.25% for FY 2011-12 from 9.5% a year earlier. The cut in interest rate had [...]

Aadhaar from UIDAI now compulsory for your EPF Account

In a recent order The Employees’ Provident Fund Organization (EPFO) has made it mandatory for new members to submit their Aadhaar numbers as part of the KYC (Know Your Customer) verification from March 1, 2013. This means that anyone joining salaried workforce needs to have Aadhaar number before March 1, 2013 or he might not [...]

EPF ePassbook: How to Check your EPF Balance Online?

Employee Provident Fund Organization (EPFO) has finally gone digital. Now you can check your EPF (Employee Provident Fund) balance online and generate e-passbook online. Here are 7 Steps to access your EPF e-Passbook: Step 1: Visit the EPFO members’ portal by clicking this link – http://members.epfoservices.in/ Step 2: Click on Register button at the bottom [...]

GPF interest rate rises to 8.6%

After rate cut in EPF (Employees’ Provident Fund), there is some good news for all Government Employees. The interest rate on government employees’ retirement savings parked in the General Provident Fund (GPF) has increased from 8% to 8.6%. This is first increase after 2003. A similar rate hike has also been effected in a special [...]

EPF, PPF, NSC & Bank FD Interest rate 2011-2012

EPF & VPF Interest Rate for 2011 – 2012

EPF (Employee Provident Fund) Interest Rate has been declared today for Financial Year 2011 – 2012. The bad news is it has been cut by 1.25% to 8.25%. This is first time that the interest rate for EPF/VPF is less than PPF (Public Provident Fund) and would affect about 6 crores subscribers. Below figure compares [...]

EPF - VPF Interest Rate historical trend

EPF & VPF (Employee / Voluntary Provident Fund) Interest Rates

As many of you might be aware about the EPF (Employee Provident Fund) & VPF (Voluntary Provident Fund) Interest rates are decided by Employees’ Provident Fund Organisation (EPFO) and the government every year. For the last financial year 2010 – 11 EPF interest rate was 9.5%, a surprising bonus of 1% for all the EPF & VPF [...]

Voluntary Provident Fund (VPF) – A Good Retirement Option!

Retirement planning is one of the most important financial goals in life of a person. Most of us have heard about Employee Provident Fund (EPF) and (Public Provident Fund) PPF for building retirement corpus but do you know how can you leverage Voluntary Provident Fund (VPF) to add zing to your corpus? What is Voluntary [...]