Epf

You can withdraw your Provident Fund amount to repay your home loan. You can withdraw up to 90% of the EPF amount to repay home loans. The Employees Provident fund can be withdrawn at the age of 55 years for retirement purposes.

At the beginning of every financial year, one of the financial moves taken by employees is to check out their provident fund balance. Every month, both an employee & employer will make a fixed contribution of 12% of the basic salary to the PF account.

Employees' Provident Fund (EPF), shortly known as PF, is a corpus collected by Employee Provident Fund Organisation (EPFO) - a statutory body set up by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952.

EPF is one of the most well-known and popular retirement schemes in India. The Employee Provident Fund Act of 1952 launched the program, backed by the Government of India.

Coronavirus (COVID-19) has stealthily spread across the globe and has become one of the deadliest viruses killing thousands of people worldwide. The World Health Organization (WHO) has declared Coronavirus as a pandemic.

The Employees' Provident Fund, shortly known as the EPF, is one of the most popular retirement savings schemes for salaried individuals.

Covid-19 or Coronavirus pandemic has hit the world’s economy hard and may result in a hole in the pockets of many. The Indian economy is seeing a downfall as the ongoing pandemic has impacted the growth of almost every sector.

If you’re a salaried employee, then you know that the take-home pay is far less than the overall salary package. A significant percentage of your salary is deducted every month to invest in the EPF (Employee Provident Fund), ESI, and other schemes.