What is a money market mutual fund's rate of return?

Common stocks have historically returned between 8% and 10%, even during recessions. The investor may be passing up a chance to earn a higher rate of return by choosing to invest in a money market mutual fund, which frequently yields just 2% or 3%.

If you resign, do you still get your full pension?

At resignation, s/he will be able to take a lump sum (one-time payment) of their whole pension. Additionally, a person has the option to move or leave their benefit with their current pension fund.

What are the drawbacks of the provident fund program?

Limitations of PPFThere is a lengthy lock-in period of 15 years.
Joint accounts are not allowed, therefore unless the account belongs to a minor, one person can only manage one account.
An open account cannot be opened by NRIs or HUFs.The maximum amount that can be deposited into a PPF account is Rs. 1.5 lakh.No liquidity exists.

How can I find my provident fund?

Calculation of the EPFThe employee's contribution is equal to 12% of his or her Basic Pay + Dearness Allowance (DA). The employee contribution is 12% of the Basic Pay + DA when the Basic Pay + DA is less than or equal to Rs 15000, whereas the employer contribution is 3.67% of the Basic Pay + DA.

What advantages can provident funds offer?

The benefit offered in the event that an employee dies and was a plan member at the time of death. According to the new system, the benefit payment amount must be equal to 20 times the employee's income or, if less, 20 times the employee's deposit into the Provident Fund.

Do I qualify for both EPF and PPF?

Even minors and housewives are eligible to register PPF accounts. There are no limitations on an employee holding both an EPF and PPF account.

PPF vs EPF: Which is preferable?

The EPF rate is currently 8.50%, whereas the PPF rate is currently 7.1%. The EPF rate has always been slightly higher (8.65%) than the current rates for FY 2021–22 and PPF. Yet, the EPF is susceptible to changes in the market because of its equity exposure.

Can I still participate in PF at age 58?

No, the full fund will not be deposited in a family pension fund after 58 years but rather in PF Accounts.

What is the private sector's minimum pension?

EPFO could soon have some good news for retirees. Every month, the minimum pension amount may rise from 1000 to 2000. More than 60 lakh people have signed up for the Employees' stipend Scheme, 1995, and more than 40 lakh participants receive a monthly stipend of less than 1500.

Why is PF taken twice from my salary?

If the salary is stated as a CTC, the offer letter will simply include the employer PF amount. The employee's PF contribution will be taken out of their pay and not shown. So, it only makes sense. CTC stands for cost to the firm, which is provided by employee deductions that are not provided.