Finance A Home Purchase With Employees Provident Fund
Provident Fund is an obligatory, government-run retirement savings scheme for salaried professionals. The Employees Provident Fund Organisation (EPFO) manages and functions under the Ministry of Labour and Employment of India. Provident Fund is a monthly arrangement, where both employer and employee contribute equally to the PF account. The goal of the employee PF scheme is to provide a total amount to employees after they retire. But, employees can also draw out the amount before their retirement, subject to specific terms…