Benefits of Transferring your PF instead of withdrawing | EPFO

In today's video, We will tell you what are the benefits of transferring your PF instead of withdrawing all your money when you change jobs. There is a need to understand how fast your money grows with the approximately 8.5% interest you get on PF. For example, suppose your salary is Rs 6500 and every month Rs 1019 is being deposited in your PF account including employer and your contribution, then after 10 years this amount will become Rs 1 lakh 92 thousand, in 20 years it will become Rs 6 lakh 39. After 1000 and 40 years this amount will become more than Rs 41 lakh. There is no tax on EPF money.
Another important thing to understand is that the importance of pension is not understood in youth, but after retirement, the pension received from EPFO becomes your strong financial support.
Click on the below link to watch our previous videos 👇
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