Provident Fund News
Voluntary Provident Fund offers high interest rates. But withdrawals are a pain.
Many people believe that since VPF is voluntary, the sum can be withdrawn after five years, without any restrictions. Nothing could be further from the truth.
3 min read14 Apr 2025Good news for PPF investors! Now pay zero charges to update nominee details. Here’s how to change PPF nominee
PPF news: Earlier post offices and banks charged ₹50 to update PPF nominee details. Under the new rules, this fee has been removed. Finance Minister Nirmala Sitharaman informed PPF account holders about the good news
2 min read3 Apr 2025Here’s why you may want to open PPF accounts for your spouse, children and parents
If you wish to invest more than ₹1.5 lakh a year in the Public Provident Fund, you can do so by gifting money to members of your immediate family and investing it in their PPF accounts.
2 min read3 Apr 2025Good news for PF investors, Govt likely to increase EPFO claim limit from ₹1 lakh to ₹5 lakh: Report
Provident Fund (PF) investors will be able to withdraw more money from their accounts as the Centre is likely to increase the EPFO claim limit to ₹5 lakh, up five times compared to the current levels of ₹1 lakh.
2 min read31 Mar 2025Small savings schemes: Govt announces interest rates for PPF, NSC for April-June quarter of FY26; check details
The Ministry of Finance’s Department of Economic Affairs has announced that the interest rates on small savings schemes for the April-June quarter of the financial year 2025-26 remain unchanged.
1 min read28 Mar 2025Mint Quick Edit | Get set for UPI access to one’s provident fund
PF integration with India’s most popular bank-transfer platform would come as big relief for the retirement scheme’s subscribers. It’s their own saved-up money and they need far easier access to it.
1 min read27 Mar 2025EPFO claim processing via UPI to become a reality soon? Here’s what you need to know
EPFO claims: EPFO has established a centralized database. The next step is to incorporate UPI into the system. Officials have received suggestions from the NPCI regarding the integration
2 min read25 Mar 2025How to withdraw funds from PPF or even close the account prematurely
PPF allows partial withdrawals, loans and even premature closure. But they are governed by various rules and conditions.
4 min read20 Mar 2025Higher EPS pension: Why do employees feel shortchanged?
The EPFO calculates the pension amount on a pro-rata basis, splitting the service period into pre and post 1 September 2014 periods. The methadology can reduce a person’s pension by up to 30%.
7 min read27 Feb 2025Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates
Small savings schemes: The interest rates for small savings schemes have remained unchanged for the last four quarters. The government last made changes for some schemes in the fourth quarter of last fiscal.
2 min read31 Dec 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared