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Monday 25 January 2010

Saving Plans

Companies for encouraging saving habits in the employees, take up incentive measures, their savings cause increase in investment, The provision of Provident Fund is good Illustration of this method, generally, company's on affixed rate deduct a sum from employee's salaries and transfer it ti the Fund and it is doubled by adding equal amount from the Company's Resources. This deduction be comes a large sum with profit or interest at the retirement of the employee.

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