EPF Corpus Calculator: How much retirement fund can you generate with Rs 6,000, Rs 10,000, Rs 12,000 monthly contributions for 25 years?
EPF Corpus Calculator: The interest earned on EPF is tax-free. EPF members can withdraw funds before maturity in case of emergencies like marriage, house construction or higher education.
EPF Corpus Calculator: EPF, or Employee Provident Fund, is a savings scheme started by EPFO (Employee Provident Fund Organisation) in 1951. The scheme is governed by the Government of India. It is a retirement benefit scheme in which both employees and employers can contribute up to 12 per cent of the employee's basic salary and dearness allowance.
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EPF eligibility
All private sector employees can become members of EPF India.
EPF interest rate
The current interest rate in EPF is 8.25 per cent.
Tax-free
The interest earned on EPF is tax-free.
Pre-mature withdrawal
EPF members can withdraw funds before maturity too in case of emergencies like marriage, house construction or higher education.
Tax on pre-withdrawal
You will be taxed if you withdraw your EPF before five years of employment.
What is UAN?
The Universal Account Number (UAN) provides easier access to the EPFO member site. When a member's employment changes, his or her member ID changes, and the new ID is associated with the UAN. Employees must, however, activate their UAN before using the services online.
EPF Corpus Calculator: Retirement corpus with Rs 6,000 monthly contribution for 25 years
If you invest Rs 6,000 monthly in EPF for 25 years, your maturity amount will be Rs 59,10,219.37 (Rs 59.1 lakh), as per calculations.
Retirement corpus with Rs 8,000 monthly contribution for 25 years
If you invest Rs 8,000 monthly in EPF for 25 years, your maturity amount will be Rs 78,80,292.49 (Rs 78.8 lakh), as per calculations.
Retirement corpus with Rs 10,000 monthly contribution for 25 years
If you invest Rs 10,000 monthly in EPF for 25 years, your maturity amount will be Rs 98,50,365.61 (Rs 98.5 lakh), as per calculations.
Retirement corpus with Rs 12,000 monthly contribution for 25 years
If you invest Rs 12,000 monthly in EPF for 25 years, your maturity amount will be Rs 1,18,20,438.74 (Rs 1.9 crore), as per calculations.