Voluntary Provident Fund (VPF) – Should You Opt?

Voluntary Provident Fund (VPF) – Should You Opt?

Finances News

VPF stands for voluntary provident fund. It is the voluntary contribution by the employees towards the provident fund account over and above fixed contribution. An employee will get benefits of the same interest rate as that of EPF. The rate of interest rate is revised annually and declared by the government. VPF is a risk-free and tax-free investment option. The maximum contribution allowed for VPF is 100% of the basic salary and dearness allowance. Who can contribute to Voluntary Provident Fund (VPF)? VPF is an extension of the EPF scheme. This means only salaried employees receiving a salary on a