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Emergency Fund by Central Government | PF Emergency Fund in Kannada | Sonu



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Emergency Fund by Central Government | PF Emergency Fund in Kannada | Sonu

The Employees' Provident Fund Organization, along with Employees' State Insurance, is one of the two primary statutory social security organisations under the purview of the Ministry of Labour and Employment of the Government of India. It is in charge of managing and regulating provident funds in India. It has meagre expenses, and long-term stock exposure may yield favourable returns. Due to the funds being locked in until age 60, investment is disciplined.

One disadvantage of the Provident Fund is the lack of liquidity regarding access to this money, notwithstanding the return, risk, and tax benefits. Investments made into the Provident Fund cannot be withdrawn until two months have passed without employment or until retirement. Employees with monthly incomes up to 15,000 rupees must receive EPF payments from their employers by law. Employees must report any taxes withheld in this way as "Income from other sources."" For FY 2021–2022, the EPFO has lowered the interest rate to an all-time low of 8.1%.

In this video, Sonu will explain how to get PF Emergency Fund from Central Government...Please watch this video in detail.

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Management
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