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 […]
Voluntary Provident Fund – A Good Tax Saving Retirement Option! Read More »
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
EPF & VPF Interest Rate raised to 8.5% for 2012 – 2013 Read More »
Bajaj Allianz is heavily promoting its Cash Rich Insurance Plan as a retirement solution through all kinds of media. But does the plan do what it promises? Cash rich insurance plan is essentially a money-back plan that gives the flexibility to choose the premium paying term as well as the money-back term. The policy can
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
EPF ePassbook: How to Check your EPF Balance Online? Read More »
If you have looked at your EPF (Employees’ Provident Fund) details you might have wondered about deduction of Rs. 541 per month from your company’s contribution to EPF. Here is the explanation: Every month you need to contribute 12% of your basic salary to your EPF account Your employer also needs to contribute 12% of
