From Savings to Security: Understanding Provident Fund Inside Out
A Provident Fund (PF) in India serves as a savings and retirement scheme, typically funded by both employees and employers. It’s a government-supported endeavour aimed at ensuring financial stability for employees after they retire. Both the employer and the employee make regular contributions to the fund, and the accumulated amount, along with any interest, is paid out to the employee upon retirement or under specific circumstances such as disability or medical emergencies. PF accounts to aid in building a financial safety net for retirement and fulfilling long-term financial objectives. Additionally, they offer tax advantages and play a vital role in the nation’s social security framework. Read Blog:
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