Question

Difference between provident fund and compulsory deposit

Answer 1

Heya...

• Provident fund
_______

These are the part of salaries that is given to the employees in return of its survive in the way of extra income when the Employee is in rest of job..

________

• Compulsory deposits
_______

These are made by employees for the contribution to the securities for the company...

Thank you

Answer 2

With EPF, you don't have to go through the hassle of depositing the money from your savings account as it is deducted directly from the salary. One drawback of EPF is that the contribution is compulsory every month. On the other hand, PPF offers a much-needed relief as you can contribute whenever you can.