EPF vs NPS: Which one will help you save more money for retirement?

The National Pension System (NPS) and the Employees Provident Fund (EPF) are feasible options for saving money. Both NPS and EPF enable one to save regularly, which can grow into a considerable amount by the time the user retires. Although both the saving options give tax benefits and are government-sponsored schemes, there are basic differences relating to the quantum of tax exemptions that can be utilized, a degree of flexibility of determining the equity exposure and rate of return, among other things.
The EPFO has almost six crore active accounts and manages a corpus of about Rs 10 lakh crore. For the final settlement of the PF deposit, a subscriber has to select Form 19 while for part withdrawal a user can select Form 31.
Source: Financial Express

Leave A Reply