The move, which is reportedly a part of the labour security code, aims to discourage people from withdrawing from their pension account
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Under the scheme with an outlay of Rs 22,810 crore, workers recruited from October 1, 2020 to June 30, 2021, were covered
Both EPF and PPF are government-guaranteed savings instruments for the salaried and the self-employed
There are three ways to find out Universal Account Number to track your provident fund details
Some of these funds are specially designed for senior citizens to meet their post-retirement financial needs
NRIs are no longer allowed to make any new deposits into their PPF account. But, they are permitted to hold their pre-existing accounts
An individual with an annual income above Rs 2.50 lakh is required to file an income tax return but below mentioned incomes are exempted from it.
Over a long period, EPF turns out to be a very useful instrument for retirement planning and it is not advisable at all to withdraw from it
VPF is an extension of one’s EPF account. Anyone can make additional voluntary contribution to his/her EPF account which is referred to as VPF