Employed people in India contribute to the Provident Fund Retirement Fund, a social security scheme run by EPFO, for their future. This fund provides financial help to the employee in emergency. Whereas in PF, the contribution of both the employee and the employer is included. At present the government gives 8.15 percent interest on PF account. At the same time, money can also be partially withdrawn from the PF account if needed. You can withdraw money from PF account to repay the loan, in case of any emergency or even for your marriage. In such a situation, let us now tell you how much money you can withdraw from your PF account for your wedding and what the EPFO ​​rules say about it.

for the wedding How much money can be withdrawn from PF account?

• According to the rules of Employee Provident Fund Organization, an employee can withdraw money from the PF account to spend on his own wedding. However, to withdraw money from the PF account for one’s own marriage, the employee has to fulfill certain conditions.
• To withdraw money from PF account for one’s marriage, an employee has to complete at least 7 years of service.
• Apart from this, the employee can withdraw only 50 percent of the total amount deposited in the PF account for his marriage. An employee cannot withdraw the entire amount from the PF account at once for marriage.
• Employees can withdraw money from their PF account for their own marriage and the marriage of their family members. However, for this, permission is given to withdraw 50 percent of the money deposited in the account only three times.

How to withdraw money from PF account?

1. To withdraw money from PF account, first of all you have to go to the official website of EPFO ​​https://unifiedportalmem.epfindia.gov.in/memberinterface.
2. After this, you will have to login to the website by entering UAN number and password.
3. Now you will have to go to the online service and select the claim option.
4. After this, after entering the last four digits of the bank account number and signing the certificate, you will have to click on Proceed to Online Claim.
5. Now you have to enter the number you want to withdraw and upload the scanned copy of bank passbook or cheque.
6. Claim has to be submitted after address verification and entering OTP.
7. Once the claim is submitted and the employer’s permission is received, the money will be transferred to your account.

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Every parent dreams that their child grows up and get a safe future. Whether it is studying or marriage, if the parents give a good fund to the children at that time, then they have no help. This is the reason that bank accounts and investing in the name of young children have become very popular nowadays.

PPF account may open in the name of children

Public Provident Fund is an account that any Indian can open in the name of his or his minor child. This is a completely government scheme and investing in it is very safe.

• Maturity period- 15 years ahead, which can be extended 5-5 years to continue from a total of 25 years.
• input range- In PPF account, you can deposit a minimum of 500 and a maximum of one and a half lakh rupees annually.
• Interest Rate- Currently, it has an interest rate with 7.1% annual quarter compounding.

If you open a PPF account at the time of birth of a child or in early years and deposit a maximum of 1.5 rupees every year, then in 25 years this amount can increase to about 1 crore rupees.
The child can use this fund himself at the age of 18 years. Whether it is high education, starting business or marriage. A big capital becomes for him.

Parents should know this rule

• A parent can open a PPF account in the name of the same child.
• If there are two children, then one can open the account of one mother and the father of the other.
• A maximum of one and a half lakh rupees can be invested annually, including the account of both the parents and the minor.
• As soon as the child is 18 years old, the status of the account will become major from the minor and the child will be able to manage it himself.

Option of bank FD and RD also

Not only PPF, parents can also open bank fixed deposits and recovery deposits in the name of their minor children. In this, a self -operated account can also be opened in the name of children above 10 years. Apart from this, only the guardian or parents operate the children of children under 10 years of age. A strong fund can be prepared for children by making regular savings through FD and RD. According to the rules of banks, the child’s Aadhaar card, birth certificate, KYC documents and photos of the guardian are required.

Tax free and safe investment

PPF account gets the benefit of EEE category i.e. deposits, interest and withdrawal are exempted from tax on all three. At the same time, interest on FD and RD is taxable. But it is considered a safe investment. Which means that with a little intelligent planning and proper investment in the name of children, parents can prepare crores of funds in 15 to 25 years. In such a situation, when the children grow up, they will already have financial strength in big decisions like studies, jobs or marriage.

Also read: PPF account, children’s investment, bank FD, RD account, safe funds, tax free scheme, parents, interest rate, government scheme, financial planning

Employees Provident Fund is a popular retirement saving scheme for employees. It contributes to the employee and employer (the person or institution who hits a person and gives them salary or wages). Every month, some amount is cut off from your salary and accumulates in this fund, and interest is also available on it. After retirement, they have a support for employees, which they use according to their needs. The special thing about EPF is that at the time of retirement, one gets a lump sum and if the employee dies, then the person who has made a nominee in it gets the full amount. Let us tell you why it is necessary to get e-nomination in EPF and what is the benefit from it?

Why e-nomination is necessary?

If you get e-nomination in EPF, then it is very easy to take advantage of all the facilities related to EPF. If there is any kind of accident with you and you die in it, then your PF and pension money gets directly to the nominee. At the same time, online helps immediately through easy claim without any trouble or office. The nominee, who takes the benefit of pension, does not need to show repeated certificates to get pension. The person you have made a nominee, is given the benefit of all facilities safely and without any hassle. If you want that the person you have nominated in the future has no problem, then it is very important for you to take e-nomination in EPF. For this, you can register by visiting the website of labourministry.

How to do e-nominations through EPFO ​​portal?

To enroll, you have to go to the EPFO ​​Member E-Siwa portal. From there you have to login with UAN and password. After this, go to the ‘Manage’ tab for e-nomination and click on ‘E-Nomination’. Go to ‘Enter New Nomination’ and give family information. Choose Yes/NO from here. After this, upload and save the information of the nominee, photo. Enter the share percentage and save EPF nomination. E-sign by going to ‘Pending Nomination’. In the last you have to confirm with OTP by entering Aadhaar virtual ID. You can add more than one nominee to it and how much their share will be different can also be separated.

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Federal reserve unchanged interest rates: Amidst the global uncertainties made due to tariffs, some changes will be made in the benchmark interest rates by the American Central Bank. But no change was made in the major interest parties and kept at 4.25 percent. After the Federal Open Market Committee meeting, this decision was taken by the Federal Reserve. This step of the US central bank is in line with experts of experts.

No change in major interest rates in America

The statement from the Federal Committee said that the risks of high unemployment and high inflation have increased. The fluctuations in net exports have not affected any kind of economic activities. Therefore, Treasury Securities and Agency will continue to reduce their holdings of date and agency Mortgage Backed Securities.

Earlier in the month of March, the American Central Bank Federal Reserve had not made any changes in the interest rates. Also, during the meeting held in January, he was left the same. Earlier, interest rates of 40 basis points in September 2024 and 25 basis points were cut in November.

Increased danger of inflation and energy

As soon as the Ferder was announced not to cut the interest rates from the Ferrender Bank, there was a decline in the US market. In the S&P500, 0.5 percent went down, while the Nasdaq composite also slipped 1 percent. However, Dou Jones average saw an edge and it climbed .01 percent i.e. 27 points.

If we talk about India, then in April of 2025, the Reserve Bank of India has cut 25 basis points for the second consecutive time to repo rate to 6.0. Since then, many banks have announced a cut in borrowed interest rates.

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Rbi repo rate: On the economic front, more relief can be given by the Reserve Bank of India in the coming days. In the month of March, the inflation rate based on the Consumer Price Index came to the level of 3.34. This has been low in the last several years. The SBI report said that about 125 basis points can be cut by RBI in the financial year 2025-26 due to the possibility of further reduction in inflation.

On Monday, SBI report said that the RBI meetings to be held in the months of June and August could have a cut of about 75 basis points, while 50 basis points can be deducted in the second half of the financial year 2026.

Repo rate more cut possible

It is worth noting that earlier the RBI has cut a 50 -basis point amid global uncertainties, with 25 basis points in February in February and 25 basis points were cut in April.

The ABI report said that in the month of March, the multi -year lower inflation rate and the possibility of inflation continue to remain normal, the policy rate may be cut by 75 basis points in June and August. It further states that in the second half, there is a more cut of 50 basis points in the second half.

Inflation will be less

The SBI report suggested that the central bank should cut the repo by half a percent, as it will be more effective. The report said that inflation based on the Consumer Price Index has declined a sharp decline and it has come down to 67 months low in March 2025. This was possible due to rapid improvement in food inflation.

The Research Report titled ‘Inflation and Rate Cut Project Path’ of State Bank of India said that GDP (GDP) growth at current prices for FY 2025-26 is expected to be in the range of 9-9.5 percent. In such a situation, in view of low growth and low inflation, there is a good scope for cuts in policy rates.

The report said, “With the multicolored low inflation in March and the projection of general inflation, we are expecting a rate of 0.75 percent in the rate in June and August and a half percent cut in the second half of the current financial year.” In this way, the total cuts can be close to 1.25 percent. ”The report said that instead of cuting 0.25 percent, the cut of 0.5 percent will be more effective. According to the report, in 2025 dollars are expected to be within a radius of Rs 85-87.

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RBI Rate Cut: The Reserve Bank of India on Wednesday cut the repo rate by 25 basis points. With this, the repo rate has now come down to 6 percent. Due to this, many banks have also reduced their lending rates, that is, the interest rate on which the bank gives loans or lending. In such a situation, EMI will also be reduced on car, home or personal loan. Let us see which big public sector banks have taken the decision to reduce the interest rate.

Bank of Baroda

After the repo rate has been reduced, the Overnight Marginal Cost of Funds-based Lending Rate (MCLR) of Bank of Baroda has become 8.15 % overnight. While one year MCLR has come on 9 percent. The bank announced the interest rate cuts for retail and micro, small and medium enterprises (MSME) on Thursday. MCLR means the minimum interest rate on which the bank gives you a loan. The objective of this step is to provide loans to individuals and businesses at a cheap rate so that financial development can also be supported as well as financial inclusion.

Indian bank

Chennai-based Indian Bank has announced a cut of 35 basis points in its repo-linked interest (RPLR). With this, it will be reduced to 8.70 percent. These are coming into effect from April 11.

Punjab national bank

Punjab National Bank (PNB) has also given its repo-linked interest (RPLR) from 9.10 percent to 8.85 percent.

Uco bank

UCO Bank has also reduced its repo-linked interest (RPLR) to 8.8 percent, which will be effective from April 10, 2025.

Bank of india

Bank of India has a new RPLR 8.85 percent, which was earlier 9.10 percent. The bank has informed about its effective from Wednesday.

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