Parameters<\/strong><\/td>EPF<\/strong><\/td>PPF<\/strong><\/td><\/tr>Meaning<\/strong><\/td>| Employee Provident Fund is a retirement saving scheme in which both the employee and employer contribute a portion of the employee\u2019s salary to a fund.<\/td> | Public Provident Fund is a fixed-income security scheme guaranteed by the government, which is available to all individuals and not just employees.<\/td><\/tr> | Minimum & Maximum Deposit<\/strong><\/td>| 12% of Basic Salary + DA. Can be increased voluntarily.<\/td> | \u20b9500 & \u20b91,50,000<\/td><\/tr> | Eligibility<\/strong><\/td>| Salaried employees of a company registered under EPF act.<\/td> | Any Indian Citizen.<\/td><\/tr> | Maturity <\/strong><\/td>| Retirement or resignation.<\/td> | 15 years from the date of account opening.<\/td><\/tr> | Rate of Interest<\/strong><\/td>| 8.15% p.a.*<\/td> | 7.1% p.a.*<\/td><\/tr> | Contributor<\/strong><\/td>| Both employer and employee.<\/td> | Self or parent\/guardian in case of minors.<\/td><\/tr> | Premature Withdrawal<\/strong><\/td>\u25cf 90% of EPF a\/c balance before one year of retirement, after attaining 54 years.
\u25cf 75% of EPF a\/c balance after 1 month of unemployment. Rest will be transferred to PF account of the new job<\/td> | After 6 years of account opening. Withdrawal amount can be 50% of account balance of the previous year or 50% of the account balance at the end of 4th preceding year whichever is lower.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n | | | | | | | | | | |