Financial Planning plays a vital role in our life as our future is dependent on the same. Across the globe, most individuals work for at least 30 years starting from age 25. They lead a life style that may or may not match their earnings, without focus on post-retirement needs, paving way to financial crisis during old age.
All employees should definitely contribute towards VPF because of the facts such as – (1) the interest earnings are not taxed (2) the contributions are completely locked for retirement needs since premature withdrawals / closures are not encouraged and (3) the maximum limit of contributions towards VPF is a small amount that could be compromised. It is not too late and hence those who have not made any VPF contributions, MUST start utilizing this savings vehicle immediately – i.e. from next month onwards. The success of this article depends on the number of new enrollments for VPF and you could also be part of the success factor.