Apr 24, 2024 · In India, various types of provident funds exist based on employment categories, including Statutory Provident Fund, Recognised Provident Fund, ...
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Types of provident funds · 1). Statutory Provident fund · 2). Recognized provident fund · 3). Unrecognized provident fund · 4). Public Provident Fund.
A provident fund is an investment fund that is voluntarily established by Employer and employees to serve as long term savings to support an employee's ...
The public provident fund is defined by the voluntary nature of investment on the part of the employee. The PPF is also associated with a minimum deposit of Rs.
In India, there are three types of provident funds, namely – the General Provident Fund (GPF), Employees' Provident Fund (EPF), and Public Provident Fund (PPF).
What Are Provident Funds? Meaning And Types | Mudrex Learn
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Apr 4, 2023 · The different types of provident funds, such as EPF, PPF, VPF, and EPS, have their own unique features and benefits. By contributing to a ...
A large-sized fund established by the sole employer, with specific regulations and investment policy. This type of fund is suitable for organizations having ...
Jun 20, 2023 · 1. Employee contribution to EPF: 12% of the salary. 2. Employer contribution to EPF: 3.67% of the salary. 3. Employer contribution to EPS: 8.33% ...
Provident funds and pension funds are two types of retirement plans used around the world, but their specifics differ from region to region. Provident funds ...
