The Employees' Provident Fund (EPF) is one of the most prominent retirement schemes for organised sector employees in India. It is a savings scheme that allows salaried employees to invest a certain part of their monthly income to their EPF account. Just like an employee, their employer also contributes to the PF account of the employee.
But how much can an EPF account holder accumulate the corpus if their basic salary is Rs 25,000 and they contribute to the EPF for 30 years? Using an EPF calculator with an 8.25% annual interest rate, a retirement age of 60 years, and a 5% annual salary increment, here's an estimate of the corpus an EPF subscriber could build in 30 years.
