Document Overlap
11.9%
← Content Overlap Report
A-792
→
First documentPension Meaning: What Is a Pension and How Does It Work?Open original ↗
A-938
Second documentBest Retirement Plans in India 2026 | Pension & Guaranteed Income PlansOpen original ↗
Low overlap
Top paragraph overlap
100.0%Page comparison
Paragraph matches
Strongest non-zero match for each paragraph.
First paragraph55 words
4. Employee Provident Fund:
EPF (Employees’ Provident Fund) is a retirement savings scheme for salaried employees in India. Both the employee and employer contribute 12% of the employee’s basic salary every month. Over time, this amount grows with interest. You can withdraw it after retirement or in case of emergencies. It helps secure your future with regular savings.
42.6%
Second paragraph236 words
Types of Retirement & Pension Plan Schemes in India
Government-Backed Retirement Schemes (EPF, PPF, APY): Beyond NPS, the Indian government offers several other retirement-focused savings schemes that form the backbone of financial security for millions of Indians. Employees' Provident Fund (EPF): A mandatory retirement savings scheme for salaried employees in organisations with 20 or more employees. Both the employer and employee contribute 12% of the basic salary each month to the EPF corpus, which earns a fixed, government-declared interest rate. The accumulated corpus, along with interest, is payable to the employee upon retirement and is fully exempt from tax subject to applicable conditions. Public Provident Fund (PPF): A voluntary, long-term savings scheme open to all Indian citizens, including self-employed individuals. PPF follows an Exempt-Exempt-Exempt (EEE) tax structure ; contributions, interest earned, and maturity proceeds are all tax-free. The scheme has a lock-in period of 15 years and currently offers a government-declared interest rate of 7.1% p.a., making it one of the safest retirement savings instruments available. Atal Pension Yojana (APY): A government-backed pension scheme primarily targeted at workers in the unorganised sector. Subscribers can choose a fixed monthly pension of ₹1,000 to ₹5,000 per month after the age of 60, depending on their contribution amount and age at entry. The government also co-contributes for eligible subscribers, making APY an accessible and affordable pension option for those without formal employment benefits.