Some Important benefits of PPF, EPF Accounts that you Should know about


The PPF (Public Provident Fund) is one of the most simple small-savings schemes. Coming to EPF (Employees Provident Fund), it is opened by the employer on the behalf of employee. In this Article, we will show you some of the best benefits of PPF, EPF accounts that you should know about. The motive of this article is to inform you about the benefits of PPF, EPF accounts.

Here are the benefits of PPF Accounts:

Easy process of account opening

The very first advantage and benefit of PPF accounts are that there is no major eligibility for opening a PPF account. Any person of Indian nationality can open a PPF account in any bank or post offices, irrespective of age and income. All you need is 500rs and visit banks or post offices with an identity proof and get a PPF account for yourself.

Changing Rate of interest

One of the main reasons why people prefer PPF over all other small saving schemes is that its rate of interest keeps changing. There is no fixed rate of interest and it keeps changing every financial year. Another great thing about PPF is that it comes up with the highest rate of interest as compared to other small saving schemes. The current PPF rate of interest is 7.8%.

Risk-free investment

The best part about PPF is that it is a risk-free investment as its government-backed scheme. You can be assured about your investment as its 100% risk-free.

Here are the benefits of EPF Accounts:

Helpful in emergency

If any misfortune takes places, the insurance benefit up to Rs 6 lakh is available to the survivor of a deceased member under the Employees’ Deposit Linked Insurance Scheme.

Best investment to have

EPF is unarguably one of the best investment schemes. This will not only help you in making an investment but you will also be able to save a decent amount of money till the retirement on which you can earn interest as well. Even if your EPF account is inoperative for more than 3 years, you will be able to earn interest on it.

Withdraw money for various purposes

The best advantage for EPFO subscribers is that they can withdraw money for the various purposes like repayment of a house, illness, purchase/construction of house, marriage, higher education etc. You can use this amount on all earlier mentioned items.


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