These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear.
Investopedia does not include all offers available in the marketplace. Related Terms Retirement Contribution Definition A retirement contribution is a payment into a retirement plan, either pretax or after tax.
How Does a Pension Plan Work? A pension plan is an employee benefit that commits the employer to make regular payments to the employee in retirement. Unfunded Pension Plan An unfunded pension plan is an employer-managed retirement plan that uses the employer's current income to fund pension payments as they become necessary.
Baby Boomer A baby boomer is a person who was born between and and belongs to a generational group that has had a significant impact on the economy. Personal Finance Personal finance is all about managing your personal budget and how best to invest your money to realize your goals.
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Even a minor can open a PPF account along with a guardian. Your legal guide on estate planning, inheritance, will and more. ETPrime stories of the day Logistics How sustainable supply chains helped companies stay afloat in the pandemic. Subscribe to ETPrime. Browse Companies:. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others.
Your Reason has been Reported to the admin. Fill in your details: Will be displayed Will not be displayed Will be displayed. Share this Comment: Post to Twitter. Voluntary Provident Fund. Public Provident Fund. Interest Rate. Backed by government. Period of investment. Till superannuation at the age 58 years, with exceptions.
Extension allowed. Yes, for a block of 5 years. The Government of India will pay the employer and employee contribution to the EPF account of employees for another three months from June to August This fund exists to help employees accumulate a considerable sum for their retirement. PF is a government-backed scheme and offers an attractive rate of return at 8. We have covered the following in this article:. This amount is deposited into the EPF account of the employee, and the employer shall also contribute with a certain amount.
The main intention of EPF is to help employees save and accumulate a significant sum of money for their retired life so that they remain financially independent. The amount in the EPF account earns an attractive rate of return, and it is much higher than what a regular savings bank account provides. How to calculate Provident Fund PF? Types of Fixed Deposit.
How is Fixed Deposit interest calculated? Everything you need to know about Cumulative Fixed Deposit. What is a non-cumulative fixed deposit? Difference between cumulative and non-cumulative Fixed Deposit. Fixed Deposit vs Life Insurance. Fixed Deposit vs Stocks. Fixed Deposit vs Real Estate. Smart ways of investing in a fixed deposit. Fixed Deposit vs Equity. Fixed Deposit vs Investment Bond. Should you invest in a fixed deposit or a National Savings Certificate?
Best investment options to get a monthly income. How to get highest returns with lowest risk? Can I get loan against my fixed deposit? What is the penalty for premature withdrawal of fixed deposit? What are the different types of investments? What is investment?
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