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The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees ...
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
The Public Provident Fund (PPF) is a voluntary savings-cum-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
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Oktoberfest begins with the mayor of Munich, Germany, tapping the ceremonial first barrel of golden fest beer. The world's most famous fall beer bash starts Sept. 21 and ends Oct. 6.
September 23, 2024 at 12:28 PM. Americans will soon be able to order free COVID-19 test kits from the federal government to be delivered to their homes. The program, offered through the U.S ...
3. Certificates of deposit (CDs) Investing in a certificate of deposit is one of the safest and easiest ways to make retirement income. When interest rates are high, it can be a good time to lock ...