EPF Retirement Corpus Calculation: How much interest will you get on Rs 2.5k, Rs 4.5k and Rs 6.5k monthly EPF contributions?

EPF Retirement Corpus Calculation: Interest gained on the sum is deposited to the member's Provident Fund Account (PF account) and becomes available to the employee upon retirement or termination of work, as applicable, provided certain requirements are met.

ZeeBiz WebTeam | Sep 06, 2024, 12:48 PM IST

Under the EPF scheme, an employee needs to pay a specified payment into the scheme and an equivalent amount is made by the employer. The employee gets a lump sum payment combining self and employer's contribution plus interest on both, on retirement.

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How much contribution can an employee make under EPF?

How much contribution can an employee make under EPF?

An employee can contribute 12 per cent of his basic salary towards the EPF.

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Interest on EPF

Interest on EPF

Interest gained on the sum is deposited to the member's Provident Fund Account (PF account) and becomes available to the employee upon retirement or termination of work, as applicable, provided certain requirements are met.

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EPFO UAN (Universal Account Number)

EPFO UAN (Universal Account Number)

It is a 12-digit number assigned to an individual working for an organisation. If a person has numerous member IDs issued by different organisations, they will all be combined into a single UAN number that will remain the same for the rest of their lives.

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Benefits of UAN

Benefits of UAN

Multiple ID’s under one single UAN number
Easy transfer and withdrawal of claims
Online passbook
SMS services
Online KYC update
Download the UAN EPF book
Check EPF balance online

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How much interest will you get on Rs 2,500 monthly EPF contributions?

How much interest will you get on Rs 2,500 monthly EPF contributions?

If you invest Rs 2,500 every month in EPF for 15 years continuously then you will get Rs 8,99,111.37 on maturity at an 8.25 per cent interest rate.

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How much interest will you get on Rs 4,500 monthly EPF contributions?

How much interest will you get on Rs 4,500 monthly EPF contributions?

If you invest Rs 4,500 every month in EPF for 15 years continuously then you will get Rs 16,18,400.47 on maturity at 8.25 per cent interest rate.

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How much interest will you get on Rs 6,500 monthly EPF contributions?

How much interest will you get on Rs 6,500 monthly EPF contributions?

If you invest Rs 6,500 every month in EPF for 15 years continuously then you will get Rs 23,37,689.57 on maturity at 8.25 per cent interest rate.

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Can you withdraw the previous company's EPF if unemployed for more than a month?

Can you withdraw the previous company's EPF if unemployed for more than a month?

Yes, you can withdraw 75 per cent of the corpus. If the person is unemployed for more than two months, he/she can withdraw the remaining 25 per cent amount.

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Can you withdraw EPF for marriage purposes?

Can you withdraw EPF for marriage purposes?

50 per cent of the employee’s share can be withdrawn for marriage purposes. A minimum of seven years of service is required to be eligible for PF withdrawal.

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