PF Tips: This is the magic of PF, a fund of 5 crores can be created from a salary of 50 thousand..

The PF scheme was started by the Central Government for the private sector employees. Government employees can also invest in this scheme. But it was designed by EPFO especially for the employees working in the private sector. In this scheme, 12 percent of the employee's salary is deposited in the PF scheme, and the company itself deposits the same amount. Let us tell you that if someone's salary is Rs 50 thousand, then how will he create a fund of Rs 5 crore from this scheme?

The PF scheme has been designed by EPFO to become a support for the old age of people working in the private sector. In this scheme, the fund is deducted from the employee's salary, in which 12 percent contribution is deducted from the employee's salary, and the company itself deposits the same amount in the PF account. The interest in this is decided by EPFO.

Interest received on PF
The interest rate on PF has been revised by EPFO. Earlier, the Employees' Provident Fund Organization used to offer 8.15 percent interest on PF annually, which has now been increased to 8.25 percent by the department.

This is the calculation.
If you work in a company where there are more than 20 employees, then according to the government rules, that company will invest in the PF fund. Now, suppose your basic salary per month is Rs 50 thousand and you start working at the age of 30, according to the EPFO rules, the company will put 12 percent of your salary in PF and will deposit the same amount itself. Along with this, if the salary increases by 10 percent annually, then according to the interest of 8.25 percent, after retirement, i.e., after 58 years, you will have more than Rs 5 crore. Your total fund will be Rs 5,13,74,057.

Social media