My sister graduated and got hired by a good company with a good offer. Her monthly pay would be more than 6500.
I have read many articles that most people these days are opting out of EPF as its returns, compared to other investments, are less.
For eg: EPF is compounded yearly, whereas a recurring deposit is compounded quarterly and is tax exempted as well. As of the current scenario RD with SBI has an interest rate of 9% where EPF is 8.75%.
Kindly advise if opting out of EPF is good or not. If its good, please point out its other benefits as well
Thanks,
Amith