Employees Provident Fund (EPF), Public Provident Fund (PPF) and General Provident Fund (GPF) are excellent investment options amidst the Corona crisis. Many times people get confused about his name. But these three schemes are different. In this news, we are giving information about the investment options of all three.

Qualification

EPF (Employee Provident Fund) is for salaried individuals only. This is a compulsory savings scheme applicable to employees of a company with more than 20 employees, whose salary is more than the stipulated minimum amount.

PPF

It is offered to all by banks and post offices, it does not matter to be a salaried person.

Contribution

Investment in EPF is mandatory for salaried people. In this, up to 12 percent of the basic and DA for investment is deducted and deposited in the EPF account.

PPF

It is a voluntary retirement scheme. In a financial year, you are allowed to raise a minimum deposit of Rs 500 and a maximum of Rs 1.5 lakh. It can be contributed in lump sum or in installments.

Tax rebate

The amount received after your EPF maturity is waived only if you have a track record of at least five years of continuous job.

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