EPF Retirement Corpus Calculation: What are interest earnings on investments of Rs 4,000 Rs 8,000 and Rs 12,000?

Under the EPF scheme, both the employee and the employer contribute equally. The employee’s contribution is 12% of their basic salary. Upon retirement, employees receive a lump sum that includes both contributions plus the interest accrued.

The interest earned on the EPF balance is deposited into the employee's Provident Fund account, which they can access upon retirement or job termination, provided they meet certain criteria. The current EPF interest rate is 8.25%.

The interest earned on the EPF balance is deposited into the employee's Provident Fund account, which they can access upon retirement or job termination, provided they meet certain criteria. The current EPF interest rate is 8.25%.

Each employee is assigned a 12-digit UAN, which centralizes multiple Member IDs from different employers under one account. This number remains the same for life, making EPF management simpler.

• Consolidates multiple EPF accounts under one UAN

• Easy transfer and withdrawal of funds
• Access to online passbook and SMS services
• Online KYC updates and balance checks
• Downloadable UAN EPF book

Rs 4,000 Contribution: If you contribute Rs 4,000 monthly for 15 years, your EPF balance will grow to Rs 60,25,526 upon maturity

A monthly contribution of Rs 8,000 for 15 years will yield Rs 1,31,22,320

With a Rs 12,000 monthly contribution, your EPF balance will reach Rs 2,11,31,236 in 15 years

• Unemployment: If unemployed for over a month, you can withdraw 75% of your EPF balance. After two months of unemployment, the remaining 25% can also be withdrawn.

• Marriage: For marriage purposes, employees can withdraw 50% of their EPF balance after completing seven years of service.