Why is PF deducted from salary every month, know its benefits
So you need to know why this money is deducted and what is the benefit of it.
Every month 12 percent of your salary is deposited in the PF fund in the EPF account.
In a way, a PF fund is considered a better investment option.
This fund helps you to continue earning income after retirement.
Apart from a retirement fund, an EPF account has many different benefits. Let us know about them.
In this fund, you get the benefit of a pension after the age of 58. But for this, you will have to work for at least 10 years.
If the EPF account holder dies, the PF money is given to the nominee made by him.
Annual interest is available on EPF. In this, you get compound interest.
In EPFO, employees are provided life coverage facility under the EDLI scheme.
You can withdraw money from PF for many purposes even before retirement.
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