Your EPF account is nothing short of a money-spinner that will set you up for life, as far as personal wealth is concerned. Not only will you be able to ensure all the necessities for a great lifestyle, but it will also enable you to buy a big asset for yourself and your family. The thing that makes this possible is the 8.25% EPF interest rate that is available to all employees in India. And this is an opportunity that must not be ignored. Here is your chance to earn over Rs 4 crore due to the high EPF interest rate.
There is a crucial need for employees to make sure they keep their EPF account current. Any laxity in this can be counter-productive and lead to loss. You will then have to run around from pillar to post at the Employees’ Provident Fund Organisation branch trying to get the babus to fix your problem.
As per the EPF calculator, any employee who earns a salary of Rs 35000 and starts his EPF journey at the age of 21, can earn over Rs 4 crore.
EPF calculator assumptions considered:
EPF interest rate: 8.25%
EPF employer contribution to EPF: 3.67%
Employees’ contribution to EPF account: 12%
Expected increase in salary per annum: 6%
Retirement age: 60
After the EPF crunches the numbers, what you get in return is a sum of Rs 4,28,85,461. Out of this amount, the employee invested just Rs 1,01,85,653 while the EPF interest rate of 8.25% led to the creation of massive amount of wealth for the employee – Rs 3,26,99,808.
These kind of monetary returns should give an incentive to every employee to try and target a huge amount of profit for themselves from their Employees’ Provident Fund to improve their life in every way possible.
Note: These are indicative returns and the final returns will be on the EPF platform.
EPF interest rate of 8.25% will turn your Rs 35000 pay package into a massive Rs 4 crore. Check the EPF calculator calculation here. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
