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what is the extension of the EPF, GPF, PPF,
How is they differ from each other, explain it briefly,
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Answer Posted / chavali
Employee Provident Fund which is governed by the Employees
Provident Fund & Miscellaneous Act,1952. Now Pension is
also added to this with an Act of 1995.
GPF - General Provident Fund as per rules notified by the
President for the Central Civil Services.
PPF- Public Provident Fund is a government scheme available
at Post office and the Nationalized Banks. Initially
opened for 15 years and can renew by 5 years. One has to
make a minimum subscription of Rs.500/- to a maximum of
Rs.70000/- in a year. If minimum subscription is not made
and if it exceeds the maximum one has to pay a penalty.
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