{"id":2459,"date":"2020-01-25T08:52:59","date_gmt":"2020-01-25T08:52:59","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=2459"},"modified":"2020-02-18T08:43:04","modified_gmt":"2020-02-18T08:43:04","slug":"comparison-between-epf-gpf-ppf-and-registration-process-for-epf","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/comparison-between-epf-gpf-ppf-and-registration-process-for-epf\/","title":{"rendered":"Comparison between EPF, GPF and PPF: Registration Process for EPF"},"content":{"rendered":"\n

The EPF <\/strong>stands for Employees Provident Fund<\/strong>, GPF<\/strong> stands for General Provident Fund, <\/strong>and the PPF<\/strong> stands for Public Provident Fund<\/strong>. All these provident funds are the saving schemes categorically divided according to its name. The GPF is available for the government employees on contrary to that EPF is available to employees working in private companies. Whereas PPF is available to everyone whether the person is employed or unemployed or can be self-employed. Here below is briefly discussed about the main differences between these three funds.<\/p>\n\n\n\n\n\n\n\n\n\n\n
CRITERIA<\/strong><\/td>\nEPF<\/strong><\/td>\nGPF<\/strong><\/td>\nPPF<\/strong><\/td>\n<\/tr>\n
ELIGIBILITY<\/td>\nOrganised\/Private Sector<\/td>\nFor Government employees<\/td>\nTo all Indians above 18 years of age<\/td>\n<\/tr>\n
MATURITY TIME<\/td>\nAt the age of 58 years<\/td>\nAfter the retirement of an employee<\/td>\nFor the term of 15 years<\/td>\n<\/tr>\n
INTEREST RATES<\/td>\n8.65%<\/td>\n8% (in 2019-20)<\/td>\n8% (in 2019-20)<\/td>\n<\/tr>\n
PREMATURE PERIOD<\/td>\nAs soon after two months<\/em><\/strong> of leaving service.<\/td>\nAfter leaving government service<\/td>\nAfter five years <\/em><\/strong>on valid grounds like medical or education grounds  <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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