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PF Interest Calculator

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How is the Interest Calculated?

The rules related to the calculation of Interest on Provident Fund Contributions are laid down under Para 60 of the Employees’ Provident Fund Scheme 1952 
The interest is credited on monthly running balance basis as follows: 
• On the closing balance of the amount as on last date of the preceding year less any sum withdrawn during the current year: interest for 12 months. 
• On the sums withdrawn during the current year: Interest from the beginning of the year till the last date of the month preceding the month in which withdrawal took place. 
• On the amounts of contributions credited during the current year: interest from the first date of month succeeding the month of credit, till the last date of the current year. 
Once the interest rate for any Financial Year is notified, and the current year ends, the month wise closing balance is calculated and then the interest for the whole year is calculated by adding the monthly running balance and multiplying it with the interest rate /1200. (See illustration) 
In case of a member taking the final settlement, the interest calculated as per this rule is added in his settlement amount. 
Note: Interest is separately calculated for the Employee Share and Employer Share of Provident Fund. 
No interest is calculated on Pension Contribution since benefits are based on the service length and average wages at the time of exit, whether the benefit is through Pension or Withdrawal Benefit. 
 

Follow 3 Simple Steps to Calculate your PF Interest

Step 1: Download PF Passbook

The rules related to the calculation of Interest on Provident Fund Contributions are laid down under Para 60 of the Employees’ Provident Fund Scheme 1952.

Step 2: Fill your details in the calculator

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Step 3: Find your total interest

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Last 15 Years EPF Interest Rates

Year EPF Interest Rates
2019 – 2020
8.50%
2018 – 2019
8.65%
2017 – 2018
8.55%
2016 – 2017
8.65%
2015 – 2016
8.80%
2013 – 2015
8.75%
2012 – 2013
8.50%
2011 – 2012
8.25%
2010 – 2011
9.50%
2005 – 2010
8.50%