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Is Government Provident Fund money falls into Riba category?
Rakin98
Yes, the interest paid by provident fund will fall into riba category
Wiki User
∙ 11y ago
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Is provident fund employees asset and are you right to ask your provident fund balance?
Provident Fund is a portion of our salary that our employer deducts every month. This money is remitted to the government of India's PF trust. This money is used by our government for its cash needs. Once we retire or close our PF account, the money that has accumulated against our name would be given back to us. The money in our PF account grows at the rate of 8.5% per annum compounded every year.Yes it is an asset for you and you have all rights to ask your provident fund balance.
What is cemtex department?
I doubt that it is related to your EPF (employee provident fund). So money is debited to the bank account which you would have asked to debit your provident fund money.
Who founded Provident Hospital in Chicago in 1891?
Young Money
What is a provident loan used for?
A Provident Loan is a loan that will loan you money for jewellery and gold. The Provident Loan Society offers loans for a lower rate than a lot of other companies, for example, loan sharks.
May an employer use provident money owed to settle a debt?
No
What is government expenditure?
The largest category of state spending, for e2020.
How long does it take to get your money from the provident fund?
When you reach retirement age or when you resign
Can final payment of general provident fund to an employee who retires from service can be stopped due to a pending inquiry against that employee?
No, I dont think so. But, if you have stolen from the government or owe the government any money, then the law can try to recover the money from your EPF Account payment depending on the laws applicable at the time of the incident.
Can one voluntarily add additional cash toward the provident fund?
Yes and No. There is a scheme called Voluntary Provident Fund or VPF wherein you instruct your employer to deduct extra money and put it into your PF account. This is the only way you can add additional cash towards the Provident Fund account. You cannot add money any other way
Why is the federal government responsible for money and banking?
If the federal government wasn't in charge it would be a mess. That would mean there would 50 different kinds money and no rules on banks. It falls to the federal government to make sure the money is good for the United States and overseas.
What is contribution refer to provident fund?
Contribution refers to the amount of money that gets deposited into the pf account
What are synonyms for economical?
thrifty, sparing, careful, prudent, provident, frugal, parsimonious, scrimping, money-saving
