Both EPF and PPF are eligible for income tax benefits under Section 80 C of Income Tax Act, 1961.

You must have heard of two types of provident funds – employees ‘provident fund or EPF and public provident fund or PPF. EPF is deducted from the salary of salaried individuals while PPF is invested into by citizens. Both help you save on income tax. However, while you do not have any say on EPF – whether you want to contribute for it or not –  investing in PPF accounts is optional. EPF is offered by retirement fund body EPFO or Employees’ Provident Fund Organisation while PPF is offered by banks and post offices.

Given below are the differences between EPF, PPF:

Interest rates: Interest rates on EPF are decided by the government every year. For fiscal 2017-18 interest rate on EPF was at a five-year low of 8.55 per cent. For fiscal 2016-17, it…

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