GPF/CPF Calculator for Government Employees
Calculate your projected GPF or CPF balance at retirement
Enter Fund Details
GPF and CPF Rules for Government Employees
This calculator helps government employees project their General Provident Fund (GPF) or Contributory Provident Fund (CPF) balance at retirement based on current balance, monthly contributions, interest rate, and years until retirement.
What is GPF?
The General Provident Fund (GPF) is a savings scheme for government employees where they contribute a portion of their salary, and the accumulated amount is paid at retirement with interest. It is managed by the Department of Pension & Pensioners' Welfare.
What is CPF?
The Contributory Provident Fund (CPF) is a savings scheme for certain government employees, typically those not eligible for pension, with both employee and employer contributions. It follows similar rules to GPF but applies to specific categories.
How to Use This Calculator
- Select the fund type (GPF or CPF).
- Enter your current balance.
- Input your monthly contribution.
- Enter the annual interest rate (default is 7.1%).
- Specify the years until retirement.
- Click "Calculate Projected Balance".
Frequently Asked Questions
What is the current interest rate for GPF and CPF?
The current interest rate is likely 7.1% per annum, as set by the government, but it is subject to periodic revision.
Can I withdraw from GPF or CPF before retirement?
Yes, withdrawals are permitted under specific conditions, such as education, medical expenses, or housing, subject to approval and limits.
Are GPF and CPF taxable?
Contributions are deductible under Section 80C, and the maturity amount is generally tax-free. Interest on contributions exceeding ₹5 lakh per year may be taxable.
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