Understand breakup of your EPF

The Employee Provident Fund (EPF) or simply Provident Fund (PF) is a long-term savings and pension instrument for all salaried persons in India. Any organisation having over 10 employees is required to register with the Employee Provident Fund Organisation (EPFO).

For all employees in such an organisation who draw a basic monthly salary of Rs 6,500 or less, the PF is mandatory. For all others, the PF is optional - such employees can opt out of the PF at his discretion. We at Fintotal however recommend all employees to avail of the PF, since it's a great long-term savings instrument. It returns are high, tax-free and safe; and its lock-in fights our propensity to spend the money away.

How Does the Employee Provident Fund (EPF) Work?

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