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GPF Calculator — Project Your General Provident Fund Corpus

GPF calculator inputs
Year-by-year breakdown (20 years)
Year Opening Contribution Interest Closing
1 ₹0 ₹1,20,000 ₹3,233 ₹1,23,233
2 ₹1,23,233 ₹1,20,000 ₹12,218 ₹2,55,451
3 ₹2,55,451 ₹1,20,000 ₹21,859 ₹3,97,310
4 ₹3,97,310 ₹1,20,000 ₹32,202 ₹5,49,512
5 ₹5,49,512 ₹1,20,000 ₹43,299 ₹7,12,811
6 ₹7,12,811 ₹1,20,000 ₹55,206 ₹8,88,017
7 ₹8,88,017 ₹1,20,000 ₹67,981 ₹10,75,998
8 ₹10,75,998 ₹1,20,000 ₹81,687 ₹12,77,685
9 ₹12,77,685 ₹1,20,000 ₹96,393 ₹14,94,078
10 ₹14,94,078 ₹1,20,000 ₹1,12,170 ₹17,26,248
11 ₹17,26,248 ₹1,20,000 ₹1,29,099 ₹19,75,347
12 ₹19,75,347 ₹1,20,000 ₹1,47,261 ₹22,42,608
13 ₹22,42,608 ₹1,20,000 ₹1,66,748 ₹25,29,356
14 ₹25,29,356 ₹1,20,000 ₹1,87,656 ₹28,37,012
15 ₹28,37,012 ₹1,20,000 ₹2,10,088 ₹31,67,099
16 ₹31,67,099 ₹1,20,000 ₹2,34,155 ₹35,21,254
17 ₹35,21,254 ₹1,20,000 ₹2,59,978 ₹39,01,232
18 ₹39,01,232 ₹1,20,000 ₹2,87,683 ₹43,08,915
19 ₹43,08,915 ₹1,20,000 ₹3,17,408 ₹47,46,323
20 ₹47,46,323 ₹1,20,000 ₹3,49,301 ₹52,15,624

How the GPF interest calculation works

GPF interest is calculated on the closing balance at the end of each month for the entire financial year, then credited as a lump sum on 31 March. The rate is notified quarterly by the Ministry of Finance (Department of Economic Affairs) — currently 7.1% p.a. for Q1 FY 2026-27, identical to the PPF rate.

For projection purposes, this calculator uses quarterly compounding with contributions spread evenly across four quarters — the same model used by the official GPF interest schedule.

The accumulation formula for each quarter is:

Balance(after quarter) = Balance(start of quarter) × (1 + r/4) + (Annual Contribution / 4)

where r is the annual rate as a decimal (7.1% → 0.071).

GPF vs EPF vs PPF — quick comparison

FeatureGPFEPFPPF
Who can openGovt employees onlyPrivate/PSU (EPF Act)Any Indian resident
Employee contributionMandatory (≥ 6% of emoluments)12% of basic+DAVoluntary (₹500 – ₹1.5L/yr)
Employer contributionNone (retirement via NPS/OPS)12% (split EPF + EPS)None
Interest rate7.1% (Q1 FY 2026-27)8.25% (FY 2025-26)7.1% (Q1 FY 2026-27)
CompoundingQuarterlyAnnualAnnual
MaturityOn retirement/exit/deathOn retirement (age 58+)15 years (extendable)
Tax treatmentEEEEEEEEE
Section 80CYes (old regime)Yes (old regime)Yes (old regime)

For EPF accumulation, use the EPF Calculator. For PPF, use the PPF Calculator.

Partial withdrawals and advances

GPF Rules 1960 provide two types of withdrawals:

  1. Non-refundable advance (permanent withdrawal): Permitted for house purchase/construction, education, medical treatment, marriage/funeral expenses, purchase of consumer durables. You do not repay these; they reduce your corpus permanently.

  2. Refundable advance (temporary withdrawal): A loan from your own GPF balance, repaid over a fixed schedule through salary deductions.

Eligibility for non-refundable advances generally requires at least 10 years of service or being within 10 years of superannuation. The maximum amounts depend on account balance and purpose — refer to Rule 15 and the Ministry of Finance instructions for current limits.

Tax treatment — EEE status confirmed

GPF contributions, interest, and withdrawal are fully exempt:

  • Contributions: Deductible under Section 80C (old regime, up to ₹1.5L aggregate)
  • Interest: Exempt under Section 10(11) — no TDS
  • Maturity/withdrawal: Exempt under Section 10(11)

The new tax regime does not allow Section 80C deductions. If you are in the new regime and your only 80C investment is GPF, the deduction advantage disappears — though the interest and maturity exemption under Section 10(11) remain.

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Frequently Asked Questions

Who can open a GPF account?
GPF is available exclusively to government employees — Central government employees (non-temporary) are mandatorily enrolled under the General Provident Fund (Central Services) Rules 1960. State government employees are covered under equivalent state GPF rules. Employees of autonomous bodies that have adopted CCS GPF Rules may also be covered. GPF is not available to private-sector employees, who are covered by EPF under the EPF Act 1952. If you are uncertain which scheme applies to you, check your salary slip — the deduction line will read 'GPF' (government) or 'PF/EPF' (private/PSU).
How is GPF different from EPF and PPF?
GPF, EPF, and PPF are three different provident fund schemes. GPF is for government employees only — the employee contributes; there is no employer matching contribution to GPF (the government employer's retirement benefit is through the Old Pension Scheme or NPS, not GPF). EPF is for private/PSU employees — both the employee (12%) and employer (12%, split between EPF and EPS) contribute. PPF is a public savings scheme open to all Indian residents, including salaried, self-employed, and even NRIs (with restrictions) — it has a fixed 15-year lock-in. GPF has no fixed maturity date; it is paid out on retirement, resignation, or death. All three qualify for Section 80C deduction and have EEE tax treatment.
Is GPF contribution mandatory and what are the limits?
Yes, subscription to GPF is compulsory for eligible government employees. The minimum contribution is 6% of emoluments (basic pay + DA), as mandated by Rule 4 of the GPF (CS) Rules 1960. There is no statutory upper cap — an employee may contribute up to 100% of emoluments — but many departments allow a practical cap of the full emoluments. The subscription amount can be changed once a year (typically at the start of a financial year). Contributions are made through salary deduction and credited to the individual GPF account maintained by the Accounts Office (PAO/DTO).
Can I make a partial withdrawal from my GPF account?
Yes. Rule 15 of the GPF (CS) Rules 1960 permits partial withdrawals (called 'non-refundable advances') for specified purposes: house construction or purchase, higher education of children, medical treatment of self or dependants, obligatory expenses like marriages and funerals, purchase of consumer durables (post-2016 amendment), and a few other purposes. Refundable advances (temporary withdrawals) are also available. The amount withdrawable is subject to limits based on account balance and years of service. After completing 10 years of service or within 10 years of retirement, withdrawals become more flexible. Withdrawals are paid out by the Accounts Office on submission of Form 1320.
What happens to GPF if I transfer to another department or state?
GPF accounts are transferable across Central government departments. When you transfer, the GPF balance is transferred to the Accounts Office of the new unit without any loss of accumulation or interest. Transfers across state governments or between Central and state governments are handled through Inter-Government Adjustment. Your GPF account number may change, but the balance and service continuity carry over. Always obtain a transfer certificate (closing account statement) from the outgoing Accounts Office and present it to the new PAO.
What is the tax treatment of GPF? Is it EEE?
GPF enjoys EEE (Exempt-Exempt-Exempt) tax treatment — the same as PPF and EPF. Contributions qualify for deduction under Section 80C of the IT Act up to ₹1.5 lakh per year (under the old tax regime). Interest credited annually is fully exempt from income tax under Section 10(11). The final lump sum received on retirement, death, or resignation is fully exempt under Section 10(11). There is no TDS on GPF payouts. Note: the Section 80C benefit is not available under the new tax regime (default from FY 2024-25); you must opt for the old regime to claim it. Use the [80C Deduction Calculator](/tax/80c-deduction-calculator/) to see how GPF contributions reduce your taxable income.
Compliance disclaimer

The calculations on this page are illustrative based on current EPFO/PFRDA rules. Actual maturity values depend on contribution patterns, scheme rules in effect at maturity, and future rate changes. Educational content only — verify with EPFO/NSDL before financial decisions.

About this calculator

Reviewed by Jayesh Jain, AMFI Registered Mutual Fund Distributor (ARN-286359 — verify ).

Last reviewed: 2026-05-10

Formula source: General Provident Fund (Central Services) Rules 1960, Rule 15; Department of Expenditure OM F.No.5(1)-B(PD)/2019 quarterly rate notifications

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