Employee Provident Fund (EPF): Features, Eligibility, Benefits, and How it works
Though investing money serves different goals for different people but most people start saving in the quest to build a safe and secure retirement nest so that they can create wealth, secure their family’s future, and have a regular income even after retirement.
While there are many financial products, the one that serves all the above purposes and many more is Employee Provident Fund or EPF.
A Message from our Managing Directors
Dear Friends,
We are in an unprecedented time and it's really a war out there. There are no words in this world that can justify the amount of pain and helplessness we are seeing all around us. Our friends, loved ones, our help, our clients, our employees - everyone is facing the once in a century pandemic ? .
As the 2nd wave of pandemic engulfs our nation, we as BajajCapital are prioritising the health and safety of our employees and our teams.
Equity Linked Savings Scheme- Meaning, Features and Tax benefits
Our parents have taught us to save our earnings in savings accounts. But, did you know that you can depreciate the value of your money by keeping it in savings accounts while paying more taxes?
Let’s understand how this happens:
Currently, the inflation rate is around 6% and on average, a savings account gives you 3.5% interest.