Understanding The Differences Between EPF & PPF

EPF (Employees’ Provident Fund) and PPF (Public Provident Fund) are both savings schemes, but they serve different purposes. EPF is a mandatory retirement savings plan for salaried employees, where both employer and employee contribute. PPF is a voluntary savings scheme available to all, with a fixed interest rate and a 15-year lock-in period. EPF offers higher returns and tax benefits.