# GPF, CPF Interest Calculator for Central Government Employees

## How to Calculate General Provident Fund / CPF Interest ?

This question may look simple but in reality a small calculation error in GPF interest calculation may cost you more. This is because compound interest in the long run may fetch you lot of money and if you are on the loosing side of the calculation error you will ever regret as once you have certified the correctness of the GPF statement given to you every year without properly verifying the same it will be a herculean task to set right it later on if you GPF account has any calculation mistake.

So be sure that the GPF interest calculation are correct and deposits made are properly accounted for before you certify the correctness of the GPF Statement. Normally, the correctness of the GPF statement has to be questioned by you within 3 months of the receipt of the same. Otherwise the same will be deemed to be certified by you as correct.

This GConnect GPF interest calculation tool will calculate the GPF interest taking in to account the monthly deposits made, advance or withdrawal made etc.

This is the formula to calculate GPF Interest:

(Total of monthly interest bearing GPF balance/12)*(interest rate*100)

Note this formula for academic interest but never do your GPF interest calculation manually any more as we have provided this easy to use online GPF interest calculation tool.

How to use this Tool?

Just fill up fourÂ fields. 1. Opening Balance of GPF at the beginning of the year, 2. Monthly subscription amount, 3. monthly advance recovery if any and 4. Select the Year for which you intend to calculate GPF Interest . Â ThenÂ click “Calculate GPF Interest” Button. That’s it!

Your GPF work sheet is ready. You can change each editable field of the work sheet for modifying GPF subscription, monthly advance recovery etc for each month. This will be useful if you have variable monthly subscription amount or variable advance recovery amount to be entered.

If you have withdrawn or obtained GPF advance enter the same in the relevant month in the work sheet. When come out of the field after you make any modification in the GPF work sheet the tool will automatically re-calculate the results.

Keep in mind that when you click “Calculate GPF Interest” button the work sheet will be filled up with the calculations based on the values you have given in the entry sheet. So do not use Calculate GPF Interest button unless it is necessary if you have modified the GPF sheet.

## GPF Interest, CPF Interest and similar Provident Fund Interest for the year 2014-15

General Provident Fund Interest Rate and Contributory Provident fund Interest rate applicable to Central Government Employees will be @ 8.7% during the year 2014-15

## GPF Interest, CPF Interest and similar Provident Fund Interest for the year 2013-14

Central Government Employees Provident Fund interest Rate for 2013-14 is 8.7%

## GPF Interest, CPF Interest and similar Provident Fund Interest for the year 2012-13

General Provident Fund Interest Rate Contributory Provident Fund and other provident fund interest rate increased to 8.8% W.E.F 01.04.2012

## GPF Interest, CPF Interest and similar Provident Fund Interest for the year 2011-12

Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six percent) with effect from 1.12.2011.

### GPF and CPF Interest Rates of Previous Years

 Year Rate of Interest 1964-65 4% 1965-66 4.5% 1966-67 4.6% 1967-68 4.8% 1968-69 5.1% 1969-70 5.25% 1970-71 5.5% 1971-72 5.7% 1972-73 5.8% 1973-74 5.8% 1974-75 7.17% 1975-76 7.5% 1976-77 7.5% 1977-78 8% 1978-79 8% 1979-80 8% 1980-81 8.5% 1981-82 8.5% 1982-83 9% 1983-84 9.5% 1984-85 10% 1985-86 10.5% 1986-87 12% 1987-88 12% 1988-89 12% 1989-90 12% 1991-92 12% 1992-93 12% 1993-94 12% 1994-95 12% 1995-96 12% 1996-97 12% 1997-98 12% 1998-99 12% 1999-2000 12% 2000-01 11% 2001-02 9.5% 2002-03 9% 2003-04 8% 2004-05 8% 2005-06 8% 2006-07 8% 2007-08 Â  8% 2008-09 Â  8% Â 2009-10 Â  8% Â  2010-11 8% Â Â Â  2011-12 8%Â  upto 11/20118.6% fromÂ  12/2011 to 3/2012 Â Â Â  2012-13 Â Â Â Â Â Â Â Â Â Â  8.8% Â Â Â  2013-14 Â Â Â Â Â Â Â Â Â Â  8.7%