Both EPF and PPF are government-guaranteed savings instruments for the salaried and the self-employed
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.
EPF is a highly secure tax-saving instrument that provides returns at 8.5% per annum, highest among all similar government-backed schemes
Debt instruments are generally considered safer investment options, but offer lower returns
Indians are in a mood to save and the government should utilise this opportunity to mobilise long term funds for building infrastructure
While switching jobs, one of the tasks involves transferring your PF account. Below are the steps that you can follow to transfer your PF account
It offers an interest rate of 8.5%, 140 basis points higher than PPF
These schemes are backed by the government and offer guaranteed returns