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Finance
Project the retirement corpus built by monthly Employees' Provident Fund (EPF) contributions, compounded at the EPFO-notified interest rate.
EPF credits interest monthly on the accumulating balance: balance_next = balance × (1 + monthly rate) + monthly contribution. Important simplifying assumption: the contribution figure you enter is treated as one combined monthly amount, standing in for both the employee's and employer's share. In practice, both the employee and employer typically contribute 12% of basic salary each, but only part of the employer's 12% flows into the EPF account itself — a portion is diverted to the Employees' Pension Scheme (EPS), which this calculator does not separately model. Treat the contribution input as the effective combined amount actually credited to the EPF account, not the full 24% of basic salary. The default rate of 8.25% p.a. is the EPFO-notified rate for FY 2025-26; this rate is reviewed and can change annually, so it's a snapshot assumption held constant across the tenure, not a lifetime guarantee.
Yes, it's modeled as one combined monthly figure. In reality, employee and employer each typically contribute around 12% of basic salary, but part of the employer's share goes toward the Employees' Pension Scheme rather than your EPF balance — this calculator simplifies that into a single effective monthly contribution.
No. EPFO notifies the rate annually and it can change from year to year. 8.25% is the rate for FY 2025-26 used here as a snapshot; treat multi-decade projections as illustrative rather than guaranteed.
Partial withdrawals are permitted for specific circumstances (home purchase, medical needs, and others) under EPFO rules. This calculator assumes uninterrupted monthly contributions and compounding for the full tenure with no withdrawals.