Voluntary Provident Fund (VPF)- Attractive Interest Rate.

Welcome to our channel today explaining about VPF scheme.
Voluntary Provident Fund, also called as Voluntary Retirement Fund is a contribution voluntarily made by the employee.

PPF Video link:    • PPF Scheme (Public Provident Fund Acc...  
VPF Rules & Guidelines
You cannot discontinue or withdraw out of a VPF scheme in the middle of the year.
VPF scheme can be availed only by salaried professionals enrolled with the EPF.
If the direct tax code comes into effect, the entire maturity amount becomes taxable.
You can contribute 100% of basic plus dearness allowance as investment in VPF.
If the VPF money is withdrawn within five years, you will have to pay tax on the interest amount earned from your contribution towards the VPF.
How to enroll in VPF?
Only salaried employees enrolled in the EPF are eligible to register for the VPF scheme.
If the company offers VPF option, the employee can opt for this during any point in the financial year.
The application form for VPF needs to be duly signed, filled & submitted to the accounts/finance/payroll of your company.
You can also request your employer to increase your contribution towards VPF by writing in request, asking for additional deduction from salary.