₹79L more at retirement? Small monthly VPF pays big
For salaried employees, the Employees' Provident Fund (EPF) can build a substantial retirement corpus over a long working life.
And employees who want to save even more through the same retirement vehicle can voluntarily contribute more than the mandatory EPF contribution through the Voluntary Provident Fund (VPF).
But VPF is not the same as keeping money in a savings account. Once you put more money into it, accessing that money can be difficult. So, the question is not simply whether you should invest in VPF, but how much you should put into it without compromising your liquidity and other financial goals.
And employees who want to save even more through the same retirement vehicle can voluntarily contribute more than the mandatory EPF contribution through the Voluntary Provident Fund (VPF).
But VPF is not the same as keeping money in a savings account. Once you put more money into it, accessing that money can be difficult. So, the question is not simply whether you should invest in VPF, but how much you should put into it without compromising your liquidity and other financial goals.
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