Provident Fund (PF) Accounts
Provident Fund (PF) Accounts https://www.fundstiger.com/provident-fund/ Employees’ Provident Fund (EPF) or PF account, Public Provident Fund (PPF) account and General Provident Fund (GPF) account are three major provident fund accounts available in the country. In these provident fund accounts, a subscriber invests a part of his/her salary for a certain period of time and avail amount on maturity. Interest rates on these schemes are revised according to notifications issued from time to time. While EPF and GPF are compulsory retirement saving options, Public Provident Fund (PPF) account is an investment avenue with income tax benefits. What Are the Different Types of PFs? There are mainly three different types of PFs, which exist amongst the various financial instruments that are a part of this realm of services. These include the following: The General Provident Fund is a type of PF which is maintained by governmental bodies, including local authorities, the Railways an...