Money Saver India

provident fund

Recalculate your financial plan after EPFO clarification

Recalculate your financial plan after EPFO clarification

You shouldn’t be forced to invest more than the statutory limit of Rs6,500 per month into EPF, says the EPFO. This leaves you with additional income which can be used in multiple ways. [...]

June 6, 2014 Team MSI FINANCE, MSI NOW 0

Provident fund interest rate hike proposed

Provident fund interest rate hike proposed

Proposed 0.25% increase in interest rate for fiscal year 2013-14 by Employees Provident Fund Organisation to benefit around 5 crore salaried employees. [...]

January 14, 2014 Team MSI FINANCE 0

Invest in PPF: Sooner, rather than later

Invest in PPF: Sooner, rather than later

Don’t waste your time on other investments if you haven’t begun putting money aside in Public Provident Fund. And as the returns are compounded, the sooner you do so, the better. [...]

December 20, 2013 Team MSI FINANCE 0

Should you pick PF over PPF?

Should you pick PF over PPF?

They’re both highly advantageous, being tax-free under section 80C, but does one offer larger benefits than the other? We compare the two long-running government schemes. [...]

August 29, 2013 Team MSI FINANCE 0

Losing tax benefits on early withdrawal

Losing tax benefits on early withdrawal

Watch out when making an investment purely for its tax benefits. The income you receive is taxable if you withdraw it prematurely. This applies to ULIP and endowment policies as well. [...]

August 23, 2013 Team MSI FINANCE 0