GPF projection
Model: each year, annual subscriptions = 12 × monthly contribution are added, then one year’s interest at your rate is applied on that balance (simplified annual compounding). Replace defaults with your statement figures.
Interest formula (this tool)
Balance before yearly interest = opening balance + annual subscription.
Interest for the year = balance before interest × annual rate.
Closing balance = balance before interest + interest.
Inflation (optional)
Rough real value of the final corpus in today’s rupees.
Results
Retirement corpus summary
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Year-wise GPF growth
| Year | Opening (₹) | Contribution (₹) | Interest (₹) | Closing (₹) |
|---|
Balance growth chart
Required monthly contribution
Uses the same interest model as the main calculator. Finds monthly subscription needed to reach a target closing balance.
Partial withdrawal
Immediate remaining balance and a future impact estimate if you continue with the same monthly contribution and rate for the years left in the main tab.
Salary vs GPF contribution
See what share of your monthly salary goes to GPF (for budgeting).
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GPF advance / withdrawal eligibility (general)
- Advances and withdrawals are governed by central / state GPF rules; limits and purposes (e.g. medical, education, housing) differ.
- Often a minimum length of service is required before non-refundable withdrawals.
- Refundable advances must be repaid with interest under notified terms.
- States and PSUs may vary — always confirm with your DDO / accounts office.
Loan against GPF (overview)
Many schemes allow advances rather than open-ended loans; amount caps and interest depend on rules in force. This calculator does not compute advance interest — use official forms and sanction orders.
GPF vs EPF — quick comparison
| Feature | GPF | EPF |
|---|---|---|
| Typical eligibility | Government / PSU (scheme-based) | Private sector employees (EPF-covered establishments) |
| Contribution | Employee subscription (rate as per rules) | Employee + employer share (statutory rates) |
| Interest | Notified annual rate, credited per rules | EPFO-declared rate, credited annually |
| Regulator / admin | Department / government accounts | EPFO |
Illustrative only; not legal advice.
What is GPF?
The General Provident Fund is a contributory savings scheme for eligible government employees in India. A part of salary is subscribed each month; balances earn interest; the corpus helps at retirement or as permitted under withdrawal rules.
GPF interest rate
The rate is notified by the government (often reviewed yearly). It is applied as per the fund’s accounting rules — this page uses a clear annual model so you can approximate growth; your passbook is authoritative.
GPF vs EPF
GPF mainly covers government-sector subscribers under GPF rules; EPF covers many private-sector employees with a different contribution structure and EPFO administration. See the comparison table under Withdrawals & compare.
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FAQ
- How is GPF interest calculated?
- Official interest is compounded and credited per notified rules. Here, we apply the annual rate once per year on the balance after adding 12 months of subscriptions — a simple, transparent approximation.
- What is the current GPF interest rate?
- It changes with government notifications. Enter the current circular rate in the calculator and verify with your department.
- Can I withdraw GPF anytime?
- Not arbitrarily. Advances and withdrawals are allowed for specified reasons and within limits while in service; final settlement follows retirement or exit rules.
- What happens to GPF after retirement?
- The balance is typically paid to the subscriber after final sanction, separate from pension entitlements.