The interest you earn on your EPF contributions is fixed annually by the Employees' Provident Fund Organisation (EPFO) in consultation with the government. Therefore, someone having Rs 20,000 as his monthly basic will be contributing Rs 2,400 on monthly basis or Rs 28,800 annually. However, this differential is not available on a post office FD. Tax benefit under section 80C is available up to Rs 1.5 lakh.Investment can be made at authorised post office or bank branches.5 years. The interest rates mentioned above are applicable for the investments made between January 1, 2018 and March 31, 2018.

Source: Economic Times March 13, 2018 08:51 UTC