How This Works
The Employee Provident Fund (EPF) is a retirement savings scheme where both you and your employer contribute a percentage of your basic salary + DA every month, earning interest at a rate declared annually by the EPFO.
This calculator projects your EPF corpus at retirement using your monthly basic salary, employee and employer contribution rates, expected annual salary growth, and the EPF interest rate, compounding monthly contributions over your working years.
Frequently Asked Questions
What is the difference between EPF and PPF?
EPF is an employer-linked scheme with mandatory contributions from both employee and employer as a percentage of basic salary, while PPF is a voluntary scheme anyone can open independently of employment, with a fixed 15-year tenure.
When can I withdraw my EPF?
EPF is primarily designed as a retirement corpus and is best left untouched until retirement or a change in employment status, though partial withdrawals are permitted under specific circumstances defined by the EPFO (medical emergencies, home purchase, and similar).
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