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EPFO is a social security organization under the Government of India that regulates and manages provident funds, pension schemes and insurance for employees in India. It was established in 1952 and has a Central Board of Trustees, a Universal Account Number and international agreements.
A voluntary savings-cum-tax-reduction social security instrument in India, introduced by the Ministry of Finance in 1968. It offers an investment with reasonable returns combined with income tax benefits, and has a minimum deposit of ₹ 500 and a maximum of ₹ 1.5 lacs per year.
A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account. Learn about the history, usage, and types of passbooks, and see examples of different passbooks from various countries.
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Passbook loans are secured loans that use your savings account balance as collateral. Learn how they work, what are the benefits and risks, and how they compare to other lending options.
Learn about the history, functions, and dividends of the EPF, a federal statutory body that manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. The EPF has 13.6 million members and RM 998 billion in assets as of 2020.
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs have a specific term, higher interest rates, and penalties for early withdrawal.