Rate of current interest rate The EPF's current interest rate is 8.1% for the 2022-23 fiscal year. The rate of interest for the EPF scheme is set by the EPFO every year. The finance ministry reviews the rate of interest changes based on the current market scenarios. This interest, howeve...
What is the fund’s current interest rate? The minimum interest rate under Simpanan Konvensional is 2.5%, while the rates for Simpanan Shariah are based on the actual performance of Shariah-compliant investments. What documents are required to make a withdrawal from the fund? No docum...
What is the fund’s current interest rate? The minimum interest rate under Simpanan Konvensional is 2.5%, while the rates for Simpanan Shariah are based on the actual performance of Shariah-compliant investments. What documents are required to make a withdrawal from the fund? No doc...
High Interest Rate The current interest rate of EPF is 8.1% which is much higher than any other savings or investment scheme. With the help of such a high interest rate, you can rapidly grow your investment over the years. Best Investment Scheme In EPF, the employer deducts about 12% of...
The calculator uses the current rate of interest being paid by EPF for this calculation. Once all the fields are filled with relevant data, the calculator automatically calculates the total PF investment and maturity value based on the latest applicable interest rate. It also shows the total inter...
Rate of Interest Current Pension Fund Balance Submit Our EPF calculator will help you to estimate your Employee Provident Fund (EPF) corpus at the time of retirement. You just need to enter the current balance of your EPF account or Pension fund account and your Employer’s contribution to...
Input Monthly Salary Current Age Retirement Age Your contribution to EPF Employer's contribution to EPF Current interest rate Output:Maturity Amount: The maturity amount is the total sum of money an individual can anticipate receiving from their EPF at the time of retirement. Simply put, it is ...
The EPF interest rate for FY 2020-21 is 8.50%. So let’s use this for our example. The interest on EPF balance is calculated monthly.Remember this part as we will come back to this point a little later. So the EPF interest rate applicable per month is = 8.50%/12 = 0.7083% ...
How Tax cuts the EPF interest Alternatives to EPF, VPF Assuming you are under the highest tax bracket of 30%, who will give you the 5.95% tax-free returns in the current scenario?? Bank FDs, Debt Funds, Tax-Free Bonds, RBI Floating Rate Bonds, or NCDs. ...
Considering the current EPF contribution rate to be 8.5%, the monthly interest on EPF would be- 8.5% of 2,350 (8.5% of monthly EPF contribution) = 0.7083% Now, assuming that the employee joined the organization on 1 April 2019, his contributions to his EPF account would be calculated from...