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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1/10All private sector employees can become members of EPF India.
2/10The current interest rate in EPF is 8.25 per cent.
3/10The interest earned on EPF is tax-free.
4/10EPF members can withdraw funds before maturity too in case of emergencies like marriage, house construction or higher education.
5/10You will be taxed if you withdraw your EPF before five years of employment.
6/10The 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.
7/10If 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.
8/10If 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.
9/10If 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.
10/10If 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.