The Employees Provident Fund Organization (EPFO) provides many benefits to the employees of the organized sector of India. Under this, regular deposits are made in the PF account of the employees, on which the government currently pays an interest of 8.1% (Interest Rate on EPF Account).

This deposit helps in increasing the savings of the employees. Additionally, EPFO ​​​​also provides a pension facility to the employees after retirement, which ensures their financial security. Thus, EPFO ​​​​plays an important role in securing the future of the employees.

How much retirement fund will those with a salary of Rs 25,000 get?

Even if the basic salary of an employee is ₹ 25,000, a good amount can be deposited in their EPF account by the time of retirement. It depends on their and the company's contribution, and the interest received on it. By the age of 60, this amount can be in lakhs, especially if the job tenure is long and the interest rate remains stable.

EPF fund depends on these three points-

The salary of the employee, his current age, and how much the salary increases every year, the balance of the EPFO ​​account depends on these three factors. 12 percent of your basic salary is deposited in the EPF account. Therefore, PF balance can be calculated based on these three factors.

Salary of Rs 25 thousand at the age of 25 years-

Let us assume that you are 25 years old now, and your salary at the age of 25 is Rs 25,000. If the salary increases by at least five percent every year, then at the age of 60, a fund of more than Rs 1,95,48,000 will be collected in your EPF account.

Salary of Rs 25 thousand at the age of 30-
If you are 30 years old and your salary is Rs 25 thousand, then let us know how much fund will be collected in your PF account after 60 years. If your salary increases by 7 percent every year, then at the age of 60, i.e., at the time of retirement, the balance of your PF account will be Rs 1,56,81,500.

This special facility is available-
If the employees investing in EPF need money before retirement, then in such a case, the employees get the facility to withdraw money from the account.

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