EPFO Benefits | Why should you consider getting registered for EPFO? | Sachu Kau

EPFO Explained -    • EPFO Explained | Highest Interest of 8.25%...   Subscribe the New Chat Masala Podcast Channel    / @chatmasalapodcast   Whatsapp Group for Links to all new Videos - https://chat.whatsapp.com/GbybcCZcWlR... Arattai Channel for Links to all new Videos - https://aratt.ai/@goonjt Facebook -   / sachukaugoonj   Instagram -   / thappadkigoonj   Youtube -    / @sachukau   In this episode of Sachu Kau, Goonj Thakkar explains the 5 hidden benefits of registering for EPFO. 👉🏼The five hidden benefits of an EPFO account are: 👉🏼Free of Cost Insurance: The Employees Deposit Linked Insurance (EDLI) Scheme provides free insurance coverage up to Rs. 7 Lakh, with a minimum insurance cover of Rs. 2.5 Lakh, requiring no extra premium payment. 👉🏼Voluntary Contributions and High Interest: You can make voluntary contributions above the 12% basic salary threshold. EPFO offers a safe investment with an 8.25% interest rate, which is higher than PPF (7.1%) and FD (6.5% to 7%). Annual interest up to Rs. 2.5 Lakh is tax-free. 👉🏼Tax-Free Corpus: Investment in EPF is deductible under the Old Income Tax Regime, and the entire accumulated corpus is tax-free. 👉🏼Pension Provision: After 10 years of contribution, it provides a monthly pension ranging from Rs. 2,500 to Rs. 7,500. This provision extends 50% of the pension to the spouse and 25% to dependent children until they reach 25 years of age. 👉🏼Loan on PF Balance / Partial Withdrawal: Funds can be withdrawn partially or taken as a loan in case of emergencies. This includes withdrawing up to 90% for buying or constructing a new home, or for home loan repayment.