The employees’ provident fund scheme provides an array of benefits towards the EPF employee members. It inculcates a sense of financial stability and security in them.
Below is a list of benefits that an EPF employee member can avail through the said scheme –
Capital appreciation – PF online scheme will provide a pre-fixed interest on the deposit held with the EPF India. Additionally, rewards extended at maturity will further ensure growth in the employees’ funds and in turn, accelerate capital appreciation.
Corpus for Retirement – Around 8.33% of an employer’s contribution is directed towards the Employee Pension Scheme. In the long run, the amount deposited in the employee provident fund will help in building a healthy retirement corpus. Such a corpus develops a sense of