New Delhi, April 11 -- EPF is administered by the Employees' Provident Fund Organisation (EPFO) under the EPF Act of 1952. Compared to the public provident fund (PPF), which is available to all Indian citizens, EPF is a retirement savings scheme available only to the salaried class.

It functions through joint contributions from both the employers and employee, wherein you receive the lump sum corpus at retirement.

The current EPF interest rate of 8.25% per annum is higher than PPF and the same as VPF, making it among the safest investment options for retirement and tax planning in India.

Eligibility includes the mandatory enrolment of salaried individuals with basic pay and dearness allowance of up to Rs.15,000.

You can also opt for a...