Understanding the VPF Interest Rate and Its Benefits
The Voluntary Provident Fund (VPF) is one of the savings, coupled with tax-saving benefits, that is offered by the Government of India. This is an amplification of the Employees’ Provident Fund and Miscellaneous Provisions Act of the year 1952. VPF remains popular among users who would like to set something for their future and, accordingly, lower the taxation rate. The former has the added advantage of the fund accumulating for retirement and accumulating interest on any contribution. This blog will educate the reader on the VPF interest rate, why it is an important investment, and how to get the highest returns on this investment.
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