Provident Fund is a government managed savings scheme, where you invest your money and benefit from the accumulated interest over time. Salaried employees get this lump sum amount once they retire or exit from employment. You also do not have to pay a tax on your Provident Fund amount, if it is withdrawn after 5 years or more of employment. These savings can be invested to earn more returns and grow your retirement corpus.
While stocks and equities could help you earn high returns, there’s always some risk associated with these investments. For people who seek guaranteed returns, Fixed Deposits are one of the most preferred investment avenues.
How To Check Your PF Balance?
Here are some of the different ways in which you can check your PF balance:
How to Withdraw, Claim or Transfer PF?
For PF transfer, the form that needs to be filled up is Form 13. On the other hand, the forms associated with withdrawal or claims include Form 31 (Part Withdrawal of PF funds), Form 10C (Pension Withdrawal) and Form 19 (Final PF Settlement).
Invest in FD
When you withdraw your Provident Fund money, you get a surplus amount that you can use as your retirement fund. You can consider investing in Fixed Deposits to protect your principal amount from market fluctuations and earn high returns.
Bajaj Finance Fixed Deposits offer one of the highest interest rates upto 8.75 which goes up to 9.10% for senior citizens. You can also choose the tenor and frequency of your interest payouts.
When you withdraw your Provident Fund money, you get a surplus amount of funds that you can use as your retirement funds. You can always grow your retirement funds by investing your PF money in safe investment instruments.
Bajaj Finance Fixed Deposits have the highest safety ratings by CRISIL and ICRA, so your investments are always secure. Check the online procedure to open FD Account and start investing.
Watch our latest film on Fixed Deposit
Fixed Deposit for Senior Citizen
Documents Required to Open FD Account
Calculate Your Maturity Amount with FD Calculator
Check FD Interest Rates
