GPF Interest Calculator for Central Government Employees 2020-21 and previous years

GConnect GPF Interest Calculator and CPF Interest Calculator 2020-21, 2019-20 and previous years

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 four 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 .  Then 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If you have withdrawn or obtained GPF advance enter the same in the relevant month in the work sheet.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.

General Provident Fund - GPF Interest Calculator (From the Year 2005-06)

GPF Entry Sheet
Name of the Employee (Optional)
Designation (Optional)
Department (Optional)
GPF Account Number (Optional)
Enter Opening Balance of GPF at the beginning of the year
Enter Monthly Subscription (This is for same amount of subscription for 12 months-You can edit month wise GPF subscription below in the work sheet below if you have variable amount of monthly subscription)
Select financial year for which GPF Interest has to be calculated
Enter monthly GPF advance recovery (This is for same amount of recovery for 12 months-You can edit month wise GPF recovery in the work sheet below if you have taken advance in the middle of the year)
If you had withdrawn or taken advance enter the amount in the work sheet below in the relevant month in which withdrawal/advance is taken
GPF interest Calculation Work Sheet
Month Monthly Subscription GPF Advance Recovery Enter the amount wihdrawn in the appropriate month Enter the amount drawn as advance in the appropriate month Monthly Interest bearing GPF balance
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Total
Opening Balance of GPF at the beginning of the Year
Total Monthly GPF subscription
Total Recovery amount for GPF Advance
Total Deposits
Total GPF amount withdrawn during this year
Total GPF advance taken during this year
Net GPF Balance without interest for this year
GPF interest for this year
GPF Balance (including interest) at the end of the year

Year wise GPF and CPF Interest Rates

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

  8%

2008-09

  8%

 2009-10

  8%

  2010-11

8%

    2011-12 8%  upto 11/20118.6% from  12/2011 to 3/2012
    2012-13            8.8%
    2013-14            8.7%
    2014-15            8.7%
    2015-16            8.7%
    2016-17            Apr to Jun – 8.1%, Jul-Sep – 8.1%, Oct-Dec – 8.0% and Jan – Mar – 8.0
    2017-18            Apr to Jun – 7.9%, Jul-Sep – 7.8%, Oct-Dec – 7.8%, Jan – Mar – 7.6
2018-19 Apr to Jun – 7.6%, Jul-Sep – 7.6%, Oct-Dec – 8%, Jan – Mar – 8%
2018-19 Apr to Jun – 7.6%, Jul-Sep – 7.6%, Oct-Dec – 8%, Jan – Mar – 8%
2019-20 Apr to Jun – 8%, Jul-Sep – 7.9%, Oct-Dec – 7.9%, Jan – Mar – 7.9%
2020-21 Apr to Jun – 7.1%, Jul-Sep – 7.1%,

 

GPF, CPF Interest Rate for 2020-21 – July 2020 to September 2020

GPF, CPF Interest Rate for 2020-21 – April 2020 to June 2020

GPF, CPF Interest Rate for 2019-20 – January 2020 to March  2020

GPF, CPF Interest Rate for 2019-20 – October 2019 to December 2019

GPF, CPF Interest Rate for 2019-20 – July 2019 to September 2019

GPF, CPF Interest Rate for 2019-20 – April 2019 to June 2019

 GPF, CPF Interest Rate for 2018-19 – January 2019 to March  2019

GPF, CPF Interest Rate for 2018-19 – October 2018 to December  2018

GPF, CPF Interest Rate for 2018-19 – July 2018 to September  2018

GPF, CPF Interest Rate for 2018-19 – April 2018 to June  2018

GPF, CPF Interest Rate for 2017-18 – January 2018 to March  2018

GPF, CPF Interest Rate for 2017-18 – October 2017 to December  2017

GPF, CPF Interest Rate for 2017-18 – July 2017 to September  2017

GPF, CPF Interest Rate for 2017-18 – April 2017 to June  2017

GPF, CPF Interest Rate for 2016-17 – January 2017 to March 2017

GPF, CPF Interest Rate for 2016-17 – October 2016 to December 2016

GPF, CPF interest rate for 2016-17 – July 2016 to September 2016

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.