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The VPF is carried on by the EPF. The VPF option is only available to salaried individuals who receive their monthly payments through a specific salary account.
Highlights Currently, interest rates offered by the banks are very low. EPF provided an interest rate of 8.5% in the financial year 2021 If you are currently investing your hard-earned money in the Employees’ Provident Fund (EPF) and want to invest more at higher interest rates then you can do by puting your money in the voluntary provident fund (VPF). You can contribute a sum higher than the mandatory 12% from your EPF account in VPF. Most importantly, savings in VPF get transferred easily just like your money in the EPF in case of a job change, as both are linked to your Account Number (...