Employee Provident Fund is a retirement saving plan established by the company. Both the employee and the company contribute to a savings account, which may be utilized if the employee retires or moves employment. The interest rate on EPF contributions is 8.5 per cent for the fiscal year 2021-22, which is lower than the FD rates in India. EPF calculators, similar to fixed deposit calculators, are online tools that assist with computing EPF estimates upon retirement. SMS missed calls, EPFO app/Umang app, EPFO Portal/Umang App, and EPFO Portal/Umang App may all be used to check your EPF balance. Employees may now access their EPF balance and PF data online in seconds. To join the Employees' Provident Fund, you must have a UAN number. Individual users may also establish their Universal Account Number via the Employees' Provident Fund Organisation's (EPFO) website (often known as UAN). Once you have your 12-digit UAN number, you may access your Employees' Provident Fund (EPF) account. A fixed deposit calculator may help you figure out how much money you'll have when you retire. EPF contributions receive 8.5 per cent interest, which is higher than FD rates in India. EPFO also allows you to check your passbook to see how much money is in your EPF account and your pf data. Also Read- How You Can Invest 10 Lakh to Maximise Monthly Interest
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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