Calculate your Employee Provident Fund balance at retirement including employer contribution, current EPF interest rate of 8.25%, and VPF top-up.
EPF (Employee Provident Fund) is India's mandatory retirement savings scheme for employees earning below ₹15,000 (basic) — though many organizations extend it to all employees regardless of salary. Both employee and employer contribute 12% of basic+DA monthly.
The Key Split: Your 12% → goes entirely to EPF. Employer's 12% → 3.67% to EPF + 8.33% to EPS (Employee Pension Scheme). This means your actual retirement corpus gets 12% + 3.67% = 15.67% of your basic salary annually, while 8.33% builds your pension entitlement.
| Year | EPF Interest Rate | Notes |
|---|---|---|
| 2023-24 | 8.25% | Highest in last 5 years |
| 2022-23 | 8.15% | Slight increase from previous |
| 2021-22 | 8.10% | 40-year low |
| 2020-21 | 8.50% | Pre-pandemic rate |
| 2019-20 | 8.50% |
VPF (Voluntary Provident Fund) allows you to contribute up to 100% of basic+DA beyond the mandatory 12%. It earns the same 8.25% as EPF, enjoys EEE tax status (tax-free contribution, growth, and maturity), and beats FDs, RDs, and most debt instruments on post-tax returns.
Example: Basic salary ₹50,000. FD at 7% post-tax (30% slab) = 4.9% effective return. VPF at 8.25% tax-free = 8.25% effective return. Over 20 years, the difference compounds significantly.
| Feature | EPF | NPS | PPF |
|---|---|---|---|
| Current Rate | 8.25% | 9–11% (blended) | 7.1% |
| Guaranteed | Yes | No (market) | Yes |
| Tax treatment | EEE | Partial (40% annuity taxable) | EEE |
| Employer match | Yes (3.67% EPF) | Optional (corporate NPS) | No |
| Accessibility | Partial only | Very restricted | Annual partial after 7 yrs |
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