What is diff between GPF & EPF, what is the interest rate of both.?
Answers:
I am not sure but the rate of interest is 8.5% in both the scheme.
GPF = General provident fund and
EPF = Employee's provident fund.
EPF is for personnel of the concerns where on earth PF accomplishment is applicable. Certain % from member of staff's gross is deduct by the employer and next to his own contribution of equal % is salaried to govt.(PF authorities) by him. In covering of some big companies, they are allowed to run their own provident fund undertaking. General public can't contribute to this development.
GPF is for broad public. The explanation can be open beside designated branch of Nationalised hill. There are sure restricting rules for withdrawal from this tale besides other rules..