is it good enough to increase my provident fund amount in an organization
By natliegleb
@natliegleb (5173)
India
October 31, 2012 12:26pm CST
i work for a private firm where they deduct some amount for PF (provident fund) each month in my salary and i want to know if its good to increase the amount of pf contribution from my side so atleast i can earn good interest charges on that amount and when i can withdraw those money?
or shall i keep the predefined deduction charges for PF,need some valuable tips
1 person likes this
2 responses
@asliah (11137)
• Philippines
27 Nov 12
hi,
i don't experience yet to have a deduction in my salary to put in a provident fund,here in my country some agencies have a petty cash and they usually deduct in the salary of their employer,but at the end of there contract they can redeem it in big amount because it will increase due to the interest.
@KrauseHome (36445)
• United States
3 Nov 12
Personally I would think it really depends on what they are taking the $$ out for, and if there would be a penalty, etc. if you take any out early, and would it benefit you more to raise your amount taken out up. You might want to check with the company you work for and ask questions and see what others there suggest, and how it works if you want to take money out, etc. from there.
