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Representative image generated by AI (Gemini) In a move aimed at modernising retirement fund access, EPFO is working on a new mobile application that may allow subscribers to withdraw a portion of their EPF savings instantly through the UPI payment gateway. The app, expected to be launched around April, is part of efforts to reduce…
Currently, PF contributions are set at 12% of the basic salary. (AI image) New labour codes 2025: The government has notified new labour laws that may require companies to ensure basic salary makes up at least 50% of the total cost-to-company (CTC), potentially prompting changes in how pay packets are structured. As a result, for…
PPF is a government-backed investment which currently offers an interest rate of 7.1%. (AI image) Public Provident Fund or PPF is one of the most popular investment options available – and one that can make you a crorepati with disciplined investing. In fact if you were to start a PPF account by the age of…
PPF rules: Interest forfeiture applies exclusively to excess deposits made whilst the account holder was a minor. (AI image) Public Provident Fund or PPF is a popular savings scheme with the sovereign guarantee and decent rate of returns adding to its charm. But there is a cap to the annual investment in the scheme –…
