New Delhi, March 31 -- The Employee's Provident Fund (EPF) is a key investment pillar that helps in effective retirement planning for salaried individuals in the country. Still, immense confusion persists around rules and regulations, especially regarding interest earnings, retirement age and pensions. Let us discuss the concept of EPF in greater depth and dispel these misconceptions.

The EPF is a government-backed retirement savings scheme. It is managed by Employee's Provident Fund Organisation. It provides salaried employees with an avenue to invest and build a retirement corpus.

Details of the scheme:

Over time, the contributions made under this scheme lay the foundation for the retirement corpus of individual salaried employees. T...