WebApr 27, 2024 · A PPF account can be opened by self-employed individuals and those engaged in unorganized industries, whereas a VPF account is exclusively intended for salaried employees. The interest rate on a VPF account is 8.5%, the same as the interest rate on an EPF account. A PPF account, on the other hand, offers 7.1% of your money. WebMay 3, 2024 · 8.10%. Time Period. PPF maturity time period is of 15 years. GPF maturity is at the time when an individual is retired. EPF maturity time period is at the age of 58 years. Premature Period for the Scheme. After five years, if there are valid reasons, such as medical or educational. Once leaving the Government Services.
PPF vs FD - Which is better Public Provident Fund or Fixed
WebFeb 21, 2024 · NA. Both fixed deposit and PPF guarantee returns in the form of interest. However, for both schemes, the tenure of investment varies. Investors can pick the tenure suitable for them based on their investment objectives. Also, investment in PPF has various tax benefits, i.e. it falls under EEE exemption category. WebWhile EPF offers tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act, NPS provides a total tax benefit of up to Rs. 2 lakhs under Section 80CCD (1) and Section 80CCD (2). Another fundamental difference between NPS and EPF is that while EPF is only meant for salaried employees working in the private sector, NPS is open to ... tsa precheck west palm beach airport
Difference between GPF, EPF and PPF - Paisabazaar.com
WebApr 4, 2024 · The EPFO declares the EPF rate every year based on the returns of the EPF corpus. The current EPF rate is 8.15% while the current PPF rate is 7.1%. Historically as well, the EPF rate has been slightly … WebSep 17, 2024 · Public Provident Fund (PPF): This is an optional practice which can be performed by business men or non service class in India. This is an individual income … WebOne of the primary differences between Employees Provident Fund (EPF) and Public Provident Fund (PPF) is the set of people they are applicable to. While EPF is applicable only to salaried employees of an organization, anyone and everyone can open a PPF account. Both provide financial security and offer tax benefits, however the rules … philly cheese steak meatloaf