# EPF Maturity – How to accumulate 1 crore wealth?

EPF maturity and How to accumulate 1 crore wealth with it, I will explain in this article.

Here, Let’s assume a case study to calculate the retirement corpus in EPF.

• X Basic Plus D.A is Rs.30,000
• The salary growth rate is 6% every year
• The return expected is 6.1%.
• X present age is 30 years
• The retirement age is 60 years.

## What is the Basic information about EPF contribution…

But Employee will contribute 12% of Basic Plus D.A towards EPF.

In addition, The employer also will contribute 12% of Basic plus D.A towards EPF.

However, the employer can contribute more over and above mandatory 12% basic plus D.A.

In addition, employee also contribute more than 12% of basic plus D.A ( max up to 100% of Basic Plus D.A) in VPF.

But in this article, I am considering the minimum mandatory contribution by both employee and employer.

In addition, we have to consider out of 12% of employer contribution 3.67% only for EPF maturity calculation.

As 8.33% of Basic plus D.A will be allotted towards EPS in order to give pension to the employee after retirement.

• The employee contribution towards EPF in this case study of the article is  Rs.3,600 ( 12% of Basic Plus D.A).
• But the above contribution will increase by 6% every year.
• As the salary of the employee will increase by 6% every year.
• When it comes to the employer, 3.67% ( as 8.33% will be invested in EPS for giving pension).

### How EPF maturity will be calculated? and How to accumulate 1 crore wealth?…

• Employee contribution is Rs.3,600 ( 12% of Basic Plus D.A)
• In addition, the Employer contribution is Rs. 1101 ( 3.67% of Basic Plus D.A).
• So, the total contribution per month for the first year towards EPF is Rs.4,701.
• However, the above Rs.4,701 will increase by 6% every 12 months until retirement.
• In addition, the interest expected is 6.1% per year.
• But the monthly interest rate is 6.1%/12. = 0.51% per month.

The maturity in EPF will be calculated in the following manner.

### If you are not able to view the image clearly, then see the below table for EPF maturity…

 Month Installment At beginning Rate at the end 1 4701 4701 0.0051 4724.897 2 4701 9425.89675 0.0051 9473.812 3 4701 14174.8117 0.0051 14246.87 4 4701 18947.867 0.0051 19044.19 5 4701 23745.1853 0.0051 23865.89 6 4701 28566.89 0.0051 28712.11 7 4701 33413.1051 0.0051 33582.96 8 4701 38283.955 0.0051 38478.57 9 4701 43179.5651 0.0051 43399.06 10 4701 48100.0612 0.0051 48344.57 11 4701 53045.5699 0.0051 53315.22 12 4983 58298.2182 0.0051 58594.57 13 4983 63577.5675 0.0051 63900.75 14 4983 68883.7534 0.0051 69233.91 15 4983 74216.9125 0.0051 74594.18 16 4983 79577.1818 0.0051 79981.7 17 4983 84964.6992 0.0051 85396.6 18 4983 90379.6031 0.0051 90839.03 19 4983 95822.0327 0.0051 96309.13 20 4983 101292.128 0.0051 101807 21 4983 106790.03 0.0051 107332.9 22 4983 112315.879 0.0051 112886.8 23 4983 117869.818 0.0051 118469 24 5281.98 123750.97 0.0051 124380 25 5281.98 129662.017 0.0051 130321.1 26 5281.98 135603.112 0.0051 136292.4 27 5281.98 141574.408 0.0051 142294.1 28 5281.98 147576.058 0.0051 148326.2 29 5281.98 153608.216 0.0051 154389.1 30 5281.98 159671.038 0.0051 160482.7 31 5281.98 165764.679 0.0051 166607.3 32 5281.98 171889.296 0.0051 172763.1 33 5281.98 178045.047 0.0051 178950.1 34 5281.98 184232.089 0.0051 185168.6 35 5281.98 190450.582 0.0051 191418.7 36 5598.8988 197017.605 0.0051 198019.1 37 5598.8988 203618.01 0.0051 204653.1 38 5598.8988 210251.967 0.0051 211320.7 39 5598.8988 216919.647 0.0051 218022.3 40 5598.8988 223621.22 0.0051 224758 41 5598.8988 230356.86 0.0051 231527.8 42 5598.8988 237126.74 0.0051 238332.1 43 5598.8988 243931.033 0.0051 245171 44 5598.8988 250769.914 0.0051 252044.7 45 5598.8988 257643.56 0.0051 258953.2 46 5598.8988 264552.147 0.0051 265897 47 5598.8988 271495.853 0.0051 272876 48 5934.83273 278810.789 0.0051 280228.1 49 5934.83273 286162.91 0.0051 287617.6 50 5934.83273 293552.404 0.0051 295044.6 51 5934.83273 300979.462 0.0051 302509.4 52 5934.83273 308444.274 0.0051 310012.2 53 5934.83273 315947.031 0.0051 317553.1 54 5934.83273 323487.928 0.0051 325132.3 55 5934.83273 331067.158 0.0051 332750.1 56 5934.83273 338684.915 0.0051 340406.6 57 5934.83273 346341.396 0.0051 348102 58 5934.83273 354036.798 0.0051 355836.5 59 5934.83273 361771.318 0.0051 363610.3 60 6290.92269 369901.244 0.0051 371781.6 61 6290.92269 378072.498 0.0051 379994.4 62 6290.92269 386285.29 0.0051 388248.9 63 6290.92269 394539.829 0.0051 396545.4 64 6290.92269 402836.329 0.0051 404884.1 65 6290.92269 411175.003 0.0051 413265.1 66 6290.92269 419556.066 0.0051 421688.8 67 6290.92269 427979.732 0.0051 430155.3 68 6290.92269 436446.218 0.0051 438664.8 69 6290.92269 444955.742 0.0051 447217.6 70 6290.92269 453508.523 0.0051 455813.9 71 6290.92269 462104.781 0.0051 464453.8 72 6668.37805 471122.192 0.0051 473517.1 73 6668.37805 480185.441 0.0051 482626.4 74 6668.37805 489294.762 0.0051 491782 75 6668.37805 498450.388 0.0051 500984.2 76 6668.37805 507652.556 0.0051 510233.1 77 6668.37805 516901.501 0.0051 519529.1 78 6668.37805 526197.462 0.0051 528872.3 79 6668.37805 535540.677 0.0051 538263 80 6668.37805 544931.387 0.0051 547701.5 81 6668.37805 554369.833 0.0051 557187.9 82 6668.37805 563856.257 0.0051 566722.5 83 6668.37805 573390.905 0.0051 576305.6 84 7068.48074 583374.122 0.0051 586339.6 85 7068.48074 593408.088 0.0051 596424.6 86 7068.48074 603493.06 0.0051 606560.8 87 7068.48074 613629.297 0.0051 616748.6 88 7068.48074 623817.06 0.0051 626988.1 89 7068.48074 634056.611 0.0051 637279.7 90 7068.48074 644348.213 0.0051 647623.6 91 7068.48074 654692.13 0.0051 658020.1 92 7068.48074 665088.629 0.0051 668469.5 93 7068.48074 675537.977 0.0051 678972 94 7068.48074 686040.443 0.0051 689527.8 95 7068.48074 696596.296 0.0051 700137.3 96 7492.58958 707629.917 0.0051 711227 97 7492.58958 718719.625 0.0051 722373.1 98 7492.58958 729865.706 0.0051 733575.9 99 7492.58958 741068.446 0.0051 744835.5 100 7492.58958 752328.134 0.0051 756152.5 101 7492.58958 763645.058 0.0051 767526.9 102 7492.58958 775019.51 0.0051 778959.2 103 7492.58958 786451.782 0.0051 790449.6 104 7492.58958 797942.168 0.0051 801998.4 105 7492.58958 809490.964 0.0051 813605.9 106 7492.58958 821098.466 0.0051 825272.4 107 7492.58958 832764.972 0.0051 836998.2 108 7942.14496 844940.339 0.0051 849235.5 109 7942.14496 857177.598 0.0051 861534.9 110 7942.14496 869477.062 0.0051 873896.9 111 7942.14496 881839.049 0.0051 886321.7 112 7942.14496 894263.876 0.0051 898809.7 113 7942.14496 906751.862 0.0051 911361.2 114 7942.14496 919303.329 0.0051 923976.5 115 7942.14496 931918.599 0.0051 936655.9 116 7942.14496 944597.997 0.0051 949399.7 117 7942.14496 957341.848 0.0051 962208.3 118 7942.14496 970150.481 0.0051 975082.1 119 7942.14496 983024.224 0.0051 988021.3 120 8418.67365 996439.938 0.0051 1001505 121 8418.67365 1009923.85 0.0051 1015058 122 8418.67365 1023476.3 0.0051 1028679 123 8418.67365 1037097.65 0.0051 1042370 124 8418.67365 1050788.23 0.0051 1056130 125 8418.67365 1064548.41 0.0051 1069960 126 8418.67365 1078378.54 0.0051 1083860 127 8418.67365 1092278.97 0.0051 1097831 128 8418.67365 1106250.06 0.0051 1111874 129 8418.67365 1120292.18 0.0051 1125987 130 8418.67365 1134405.67 0.0051 1140172 131 8418.67365 1148590.9 0.0051 1154430 132 8923.79407 1163353.37 0.0051 1169267 133 8923.79407 1178190.88 0.0051 1184180 134 8923.79407 1193103.81 0.0051 1199169 135 8923.79407 1208092.54 0.0051 1214234 136 8923.79407 1223157.48 0.0051 1229375 137 8923.79407 1238298.99 0.0051 1244594 138 8923.79407 1253517.47 0.0051 1259890 139 8923.79407 1268813.31 0.0051 1275263 140 8923.79407 1284186.9 0.0051 1290715 141 8923.79407 1299638.65 0.0051 1306245 142 8923.79407 1315168.94 0.0051 1321854 143 8923.79407 1330778.17 0.0051 1337543 144 9459.22172 1347002.19 0.0051 1353849 145 9459.22172 1363308.67 0.0051 1370239 146 9459.22172 1379698.04 0.0051 1386712 147 9459.22172 1396170.73 0.0051 1403268 148 9459.22172 1412727.15 0.0051 1419909 149 9459.22172 1429367.74 0.0051 1436634 150 9459.22172 1446092.91 0.0051 1453444 151 9459.22172 1462903.11 0.0051 1470340 152 9459.22172 1479798.75 0.0051 1487321 153 9459.22172 1496780.28 0.0051 1504389 154 9459.22172 1513848.14 0.0051 1521544 155 9459.22172 1531002.75 0.0051 1538785 156 10026.775 1548812.13 0.0051 1556685 157 10026.775 1566712.03 0.0051 1574676 158 10026.775 1584702.92 0.0051 1592758 159 10026.775 1602785.27 0.0051 1610933 160 10026.775 1620959.54 0.0051 1629199 161 10026.775 1639226.19 0.0051 1647559 162 10026.775 1657585.7 0.0051 1666012 163 10026.775 1676038.54 0.0051 1684558 164 10026.775 1694585.17 0.0051 1703199 165 10026.775 1713226.09 0.0051 1721935 166 10026.775 1731961.76 0.0051 1740766 167 10026.775 1750792.68 0.0051 1759693 168 10628.3815 1770320.92 0.0051 1779320 169 10628.3815 1789948.44 0.0051 1799047 170 10628.3815 1809675.72 0.0051 1818875 171 10628.3815 1829503.29 0.0051 1838803 172 10628.3815 1849431.64 0.0051 1858833 173 10628.3815 1869461.3 0.0051 1878964 174 10628.3815 1889592.78 0.0051 1899198 175 10628.3815 1909826.59 0.0051 1919535 176 10628.3815 1930163.26 0.0051 1939975 177 10628.3815 1950603.3 0.0051 1960519 178 10628.3815 1971147.25 0.0051 1981167 179 10628.3815 1991795.63 0.0051 2001921 180 11266.0844 2013186.68 0.0051 2023420 181 11266.0844 2034686.46 0.0051 2045029 182 11266.0844 2056295.53 0.0051 2066748 183 11266.0844 2078014.45 0.0051 2088578 184 11266.0844 2099843.78 0.0051 2110518 185 11266.0844 2121784.07 0.0051 2132570 186 11266.0844 2143835.89 0.0051 2154734 187 11266.0844 2165999.81 0.0051 2177010 188 11266.0844 2188276.39 0.0051 2199400 189 11266.0844 2210666.21 0.0051 2221904 190 11266.0844 2233169.85 0.0051 2244522 191 11266.0844 2255787.88 0.0051 2267255 192 11942.0495 2279196.85 0.0051 2290783 193 11942.0495 2302724.82 0.0051 2314430 194 11942.0495 2326372.39 0.0051 2338198 195 11942.0495 2350140.16 0.0051 2362087 196 11942.0495 2374028.76 0.0051 2386097 197 11942.0495 2398038.79 0.0051 2410229 198 11942.0495 2422170.87 0.0051 2434484 199 11942.0495 2446425.62 0.0051 2458862 200 11942.0495 2470803.66 0.0051 2483364 201 11942.0495 2495305.63 0.0051 2507990 202 11942.0495 2519932.15 0.0051 2532742 203 11942.0495 2544683.86 0.0051 2557619 204 12658.5724 2570277.91 0.0051 2583343 205 12658.5724 2596002.06 0.0051 2609198 206 12658.5724 2621856.97 0.0051 2635185 207 12658.5724 2647843.32 0.0051 2661303 208 12658.5724 2673961.76 0.0051 2687554 209 12658.5724 2700212.97 0.0051 2713939 210 12658.5724 2726597.63 0.0051 2740458 211 12658.5724 2753116.4 0.0051 2767111 212 12658.5724 2779769.99 0.0051 2793900 213 12658.5724 2806559.06 0.0051 2820826 214 12658.5724 2833484.3 0.0051 2847888 215 12658.5724 2860546.42 0.0051 2875088 216 13418.0868 2888505.62 0.0051 2903189 217 13418.0868 2916606.94 0.0051 2931433 218 13418.0868 2944851.11 0.0051 2959821 219 13418.0868 2973238.86 0.0051 2988353 220 13418.0868 3001770.91 0.0051 3017030 221 13418.0868 3030448 0.0051 3045853 222 13418.0868 3059270.86 0.0051 3074822 223 13418.0868 3088240.25 0.0051 3103939 224 13418.0868 3117356.89 0.0051 3133203 225 13418.0868 3146621.54 0.0051 3162617 226 13418.0868 3176034.95 0.0051 3192180 227 13418.0868 3205597.88 0.0051 3221893 228 14223.172 3236116.18 0.0051 3252566 229 14223.172 3266789.61 0.0051 3283396 230 14223.172 3297618.96 0.0051 3314382 231 14223.172 3328605.03 0.0051 3345525 232 14223.172 3359748.61 0.0051 3376827 233 14223.172 3391050.5 0.0051 3408288 234 14223.172 3422511.51 0.0051 3439909 235 14223.172 3454132.45 0.0051 3471691 236 14223.172 3485914.13 0.0051 3503634 237 14223.172 3517857.37 0.0051 3535740 238 14223.172 3549962.98 0.0051 3568009 239 14223.172 3582231.8 0.0051 3600441 240 15076.5623 3615518.04 0.0051 3633897 241 15076.5623 3648973.48 0.0051 3667522 242 15076.5623 3682598.99 0.0051 3701319 243 15076.5623 3716395.43 0.0051 3735287 244 15076.5623 3750363.67 0.0051 3769428 245 15076.5623 3784504.58 0.0051 3803742 246 15076.5623 3818819.05 0.0051 3838231 247 15076.5623 3853307.94 0.0051 3872896 248 15076.5623 3887972.15 0.0051 3907736 249 15076.5623 3922812.57 0.0051 3942754 250 15076.5623 3957830.1 0.0051 3977949 251 15076.5623 3993025.63 0.0051 4013324 252 15981.1561 4029304.66 0.0051 4049787 253 15981.1561 4065768.12 0.0051 4086436 254 15981.1561 4102416.93 0.0051 4123271 255 15981.1561 4139252.04 0.0051 4160293 256 15981.1561 4176274.39 0.0051 4197504 257 15981.1561 4213484.94 0.0051 4234903 258 15981.1561 4250884.65 0.0051 4272493 259 15981.1561 4288474.47 0.0051 4310274 260 15981.1561 4326255.37 0.0051 4348247 261 15981.1561 4364228.32 0.0051 4386413 262 15981.1561 4402394.31 0.0051 4424773 263 15981.1561 4440754.3 0.0051 4463328 264 16940.0254 4480268.16 0.0051 4503043 265 16940.0254 4519982.88 0.0051 4542959 266 16940.0254 4559899.49 0.0051 4583079 267 16940.0254 4600019 0.0051 4623402 268 16940.0254 4640342.46 0.0051 4663931 269 16940.0254 4680870.89 0.0051 4704665 270 16940.0254 4721605.34 0.0051 4745607 271 16940.0254 4762546.86 0.0051 4786756 272 16940.0254 4803696.5 0.0051 4828115 273 16940.0254 4845055.32 0.0051 4869684 274 16940.0254 4886624.37 0.0051 4911465 275 16940.0254 4928404.74 0.0051 4953457 276 17956.4269 4971413.89 0.0051 4996685 277 17956.4269 5014641.67 0.0051 5040133 278 17956.4269 5058089.19 0.0051 5083801 279 17956.4269 5101757.57 0.0051 5127692 280 17956.4269 5145647.93 0.0051 5171805 281 17956.4269 5189761.4 0.0051 5216143 282 17956.4269 5234099.12 0.0051 5260706 283 17956.4269 5278662.22 0.0051 5305495 284 17956.4269 5323451.84 0.0051 5350513 285 17956.4269 5368469.15 0.0051 5395759 286 17956.4269 5413715.29 0.0051 5441235 287 17956.4269 5459191.44 0.0051 5486942 288 19033.8126 5505976.14 0.0051 5533965 289 19033.8126 5552998.67 0.0051 5581226 290 19033.8126 5600260.22 0.0051 5628728 291 19033.8126 5647762.03 0.0051 5676471 292 19033.8126 5695505.3 0.0051 5724457 293 19033.8126 5743491.26 0.0051 5772687 294 19033.8126 5791721.15 0.0051 5821162 295 19033.8126 5840196.22 0.0051 5869884 296 19033.8126 5888917.69 0.0051 5918853 297 19033.8126 5937886.84 0.0051 5968071 298 19033.8126 5987104.91 0.0051 6017539 299 19033.8126 6036573.17 0.0051 6067259 300 20175.8413 6087434.92 0.0051 6118379 301 20175.8413 6138555.23 0.0051 6169760 302 20175.8413 6189935.39 0.0051 6221401 303 20175.8413 6241576.74 0.0051 6273305 304 20175.8413 6293480.59 0.0051 6325472 305 20175.8413 6345648.29 0.0051 6377905 306 20175.8413 6398081.18 0.0051 6430605 307 20175.8413 6450780.6 0.0051 6483572 308 20175.8413 6503747.91 0.0051 6536809 309 20175.8413 6556984.47 0.0051 6590316 310 20175.8413 6610491.65 0.0051 6644095 311 20175.8413 6664270.82 0.0051 6698148 312 21386.3918 6719533.92 0.0051 6753692 313 21386.3918 6775077.95 0.0051 6809518 314 21386.3918 6830904.32 0.0051 6865628 315 21386.3918 6887014.47 0.0051 6922023 316 21386.3918 6943409.86 0.0051 6978706 317 21386.3918 7000091.91 0.0051 7035676 318 21386.3918 7057062.11 0.0051 7092936 319 21386.3918 7114321.9 0.0051 7150486 320 21386.3918 7171872.76 0.0051 7208330 321 21386.3918 7229716.17 0.0051 7266467 322 21386.3918 7287853.62 0.0051 7324900 323 21386.3918 7346286.6 0.0051 7383630 324 22669.5753 7406299.8 0.0051 7443948 325 22669.5753 7466618.07 0.0051 7504573 326 22669.5753 7527242.95 0.0051 7565506 327 22669.5753 7588176.01 0.0051 7626749 328 22669.5753 7649418.81 0.0051 7688303 329 22669.5753 7710972.93 0.0051 7750170 330 22669.5753 7772839.96 0.0051 7812352 331 22669.5753 7835021.47 0.0051 7874849 332 22669.5753 7897519.07 0.0051 7937665 333 22669.5753 7960334.37 0.0051 8000799 334 22669.5753 8023468.97 0.0051 8064255 335 22669.5753 8086924.52 0.0051 8128033 336 24029.7498 8152062.8 0.0051 8193502 337 24029.7498 8217532.2 0.0051 8259305 338 24029.7498 8283334.41 0.0051 8325441 339 24029.7498 8349471.11 0.0051 8391914 340 24029.7498 8415944 0.0051 8458725 341 24029.7498 8482754.8 0.0051 8525875 342 24029.7498 8549905.22 0.0051 8593367 343 24029.7498 8617396.99 0.0051 8661202 344 24029.7498 8685231.84 0.0051 8729382 345 24029.7498 8753411.52 0.0051 8797908 346 24029.7498 8821937.78 0.0051 8866783 347 24029.7498 8890812.38 0.0051 8936007 348 25471.5348 8961478.87 0.0051 9007033 349 25471.5348 9032504.59 0.0051 9078420 350 25471.5348 9103891.36 0.0051 9150169 351 25471.5348 9175641.01 0.0051 9222284 352 25471.5348 9247755.38 0.0051 9294765 353 25471.5348 9320236.34 0.0051 9367614 354 25471.5348 9393085.75 0.0051 9440834 355 25471.5348 9466305.47 0.0051 9514426 356 25471.5348 9539897.39 0.0051 9588392 357 25471.5348 9613863.4 0.0051 9662734 358 25471.5348 9688205.41 0.0051 9737454 359 25471.5348 9762925.32 0.0051 9812554
• You can see in the above image, that Rs.4,701 is invested for the first month.
• at the end of the month, Rs.4,701 became Rs.4,724 ( as interest per month is 0.51%).
• 2nd month Rs.4,724 along with Rs.4,701 are invested, at the end of 2nd month, the total value is Rs.9,473.
• The above Rs.9,473 along with Rs.4,701 is invested at the beginning of 3rd month and at the end of 3rd month the value is Rs.14,286.
• and this process will continue every month until retirement.
• However, the monthly contribution will be increased every 12 months as shown in the table.
• Moreover, you can see the EPF maturity of Rs.98,12,54 at the end 359th month in the above table.
• So, we accumulated approximately 1 crore wealth in this case study in EPF.

#### What is the conclusion about EPF maturity and 1 crore wealth?…

We have learned that we can accumulate 1 crore wealth in this investment.

But, I have seen so many people withdrawing their corpus in this fund, and not letting it grow.

In addition, they will not give less importance to their retirement.

As a result of this, they will end up accumulating very little corpus at retirement in the EPF at maturity than 1 crore wealth which we are discussing in this article.

So, I strongly recommend you not to withdraw money from this fund and invest for your other goals from your savings.

If you do as I said, you will end up accumulating a much bigger corpus than 1 crore wealth in EPF maturity.

However, Because of covid19, Govt India has allowed both employee and the employer to contribute 10% of Basic Plus D.A towards this fund.

In addition, we do not know how many days this 10% contribution will continue.

Also, click this link to know How to achieve the financial with peace of mind?…

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