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Provident Fund Schemes gives a chance to generate retirement corpus and make regular investment for salary employees. With this investment, employees can withdraw from the entire amount after retirement. Its purpose is to provide financial assistance after retirement of employees. Under PF schemes, employees contribute a small amount of their income every month and withdraw the total amount after retirement. However, you can also take it as pension.

Millionaire in 30 years

If you have been working for 30 years continuously, do you know how many rupees have been done in your PF account. Today we are going to tell you through this news that if you have been doing a job for 30 consecutive years and every month you are going to 7200 rupees in your PF, then you can become a millionaire in 30 years.

If you invest Rs 7200 every month in PF and Rs 8.25 percent interest is charged, then within 30 years you will have Rs 1,10,93,466.28. Not only this, along with depositing PF, you also get many service.

Pension advantage

PF money is deposited in two parts- EPF i.e. Employment Provident Fund and EPS i.e. Employee Pension Scheme. The company gives 12 percent of the cut from your salary. The pension corpus is prepared from the company's contribution. However, the eligibility of pension is only after the age of 58 and for this you should have a 10 -year job. The minimum pension amount is 1 thousand rupees.

Benefits of nomination

In the recent past, EPFO ​​has asked the subscribers to get nomination for this facility again and again. You can make anyone a nominee in your EPF account. At the same time, if he dies, then the nominee gets PF money.

Investment in VPF also

In addition to EPF, employees can also invest in VPF i.e. Voluntary Provident Fund. You can also put extra contribution on your basic salary in VPF.