Employee Provident Fund: How to save Rs 1 crore with a basic salary of Rs 25,000

Creating a corpus of Rs 1 crore on retirement is possible for most employees. However, for those who are low-earners, it might require a bit more active approach to save Rs 1 crore or more for retirement. Depending entirely on the employees’ provident fund (EPF) may not be enough as the savings towards it are limited and even the rate of interest on PF is low. For a salaried employee, 12 per cent of the basic salary goes into the employees’ provident fund while a matching contribution is made by the employer. 

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