Why provident fund

This will be useful for everyone who needs help on retirement planning. Investors should understand product characteristics mutual funds , conditions of return and risk before making an investment decision. It is not a guarantee of future returns. EN TH Toggle navigation. Why Provident fund is the best job welfare benefits offered to employees? For employers who wish to establish provident fund for their employees refer to the following process: Asset Management Company Selection: finding asset management companies that offer provident fund management and asking for their investment proposal for comparison.

Past performance of the fund is not a guarantee for future performance. Leave your details with us and one of our trusted consultants will be in touch with you. We are here to help you explore the financial topics that matter to your life. Can I get loan against my fixed deposit? What is the penalty for premature withdrawal of fixed deposit?

What are the different types of investments? What is investment? How to invest money for maximum returns? Smart Investment With High Returns. Company Fixed Deposits. How do Fixed Deposits work in India? How to invest your Provident Fund savings?

Fixed Deposit Flexibility: How do different investments get different results? Investment ideas for better returns. Investment Ideas for Dummies. Investment ideas for small amounts. Ways to Protect Your Retirement Investments.

Which is better: Life Insurance or Fixed Deposits? Quick Links. Check your cibil score for free. Invest Online. There are two ways by which an employee can withdraw his or her provident fund: - The first is the retirement age when an employee hits the age of He or she will apply for withdrawal of the provident fund via his or her employer. It should be remembered, however, that the employer's contribution from the provident fund can only be withdrawn after age Meaning of PF Contribution and PF Withdrawal For the employees and employers, each national provident fund sets its own minimum and maximum contribution rates.

Minimum contributions can vary according to the age of a worker. Many funds encourage people to pay extra to their compensation accounts and to further support their employees for employers to do so too. The government sets the age limit at which withdrawals that are free of penalties will begin. In special situations, such as medical emergencies, such pre-retirement withdrawals can be permitted. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website.

The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities. No Endorsements. All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners.

The Website would require you to respect the same. Promotional Offers. The Promotional Offer s would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed.

The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer s and the terms governing it, at its sole discretion.

Charges for use of Website. There are no charges or fees to be paid by you for use of this Website. You further agree to pay additional charges, if any levied by Third Party Service Provider s , for the facilities provided by them through the Website Additional Charges. No Endorsement. You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites.

The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites. In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another.

You acknowledge that the Website does not pre-screen content, but that the Website will have the right but not the obligation in their sole discretion to refuse, edit, move or remove any content that is available via the facilities. Electronic Communications. These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form.

All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities. You shall not assign your rights and obligations under this Agreement to any other party.

Legal Disclaimers. The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.

The information and opinions, if any contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary significantly from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance.

The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions.

Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies.

The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital.

You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision. No Solicitation.

These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.

Statutory Disclosure. Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations. Force Majeure. The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.

You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs including but not limited to reasonable attorneys fees caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.

No Waiver. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies.

A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions. Exclusive Agreement. Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.

Governing Law and Jurisdiction. The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use.

The Website is specifically for users in the territory of India.