We can invest in EPF and PPF.
EPF or Employer's Provident Fund is directly deducted from employee's salary. Employer also contributes to the EPF. A part of the employer's contribution goes to pension scheme. Since employee and employer contribute equally to the fund, it is the best investment for the investor looking for wealth accumulation with fixed return.
PPF or Public Provident Fund is contributed voluntarily by the investor who is investing for long term and looking for secured return. PPF can be opened at any bank or post office with the facility and can be transferred to any bank or post office.
EPF and PPF are safe investments.
EPF or Employer's Provident Fund is directly deducted from employee's salary. Employer also contributes to the EPF. A part of the employer's contribution goes to pension scheme. Since employee and employer contribute equally to the fund, it is the best investment for the investor looking for wealth accumulation with fixed return.
PPF or Public Provident Fund is contributed voluntarily by the investor who is investing for long term and looking for secured return. PPF can be opened at any bank or post office with the facility and can be transferred to any bank or post office.
EPF and PPF are safe investments.
