If you don't make much money and are struggling to pay your bills, the idea of saving money or selecting one of the saving schemes may seem absurd. Why bother trying to save when you only have ₹1,000 left at the end of the month?
Because everyone has to start somewhere, and if you work hard enough, your financial situation will eventually improve. It is always worthwhile to put forth the effort to save money. It is critical to save money. It gives you financial security and freedom, as well as protection in the event of a financial emergency. You can live a stress-free life knowing that you will not be inconvenienced if events take an unexpected turn.
EPF, which was established by the Employee Provident Fund Organization (EPFO), is one of the government-sponsored saving schemes in which all salaried employees are required to make an equal financial contribution to the Provident Fund (PF) account. Individuals can use the EPF fund to plan their retirement ahead of time so that they can enjoy their golden years stress-free. Furthermore, the EPF scheme assists individuals in achieving their financial goals in life as well as dealing with any type of emergency.
Note: Mutual fund investments are subject to market risk; carefully read all scheme-related documents before investing.