EPF: How regular contributions build long-term wealth and financial freedom: Expert explains
New Delhi, Aug. 14 -- For millions of salaried individuals, their Employees' Provident Fund (EPF) plays a key role in building long-term economic security. Over time, a routine deduction from a monthly salary can grow into a substantial retirement corpus through regular contributions and compounding.
EPF operates on a straightforward principle: consistent contributions over time compound into a substantial retirement corpus.
Adhil Shetty, CEO, Bankbazaar, explains, "EPF can become a strong retirement asset when given enough time to compound. Regular contributions create a steady base, while salary growth can increase the contribution and the eventual corpus over time. For example, at the current 8.25% interest rate, a Rs.3,000 monthly c...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.