• PF is currently getting 8.5% interest
  • Withdrawing Rs 1 lakh, you will get Rs 11.5 lakh less at the time of retirement

The people of Corona Crisis are facing economic crisis. People are resorting to their PF fund to deal with this problem. If you are also planning to withdraw money from PF Fund, then it is very important for you to know how much your retirement fund will suffer if you withdraw money from here.



How will your fund be affected
According to the estimated calculus, if you have 30 years left in your retirement and now you withdraw Rs 1 lakh from the PF account, then it will affect your retirement fund by Rs 11.55 lakh. Know here how much withdrawal money will have on your retirement fund.

On withdrawing How much will you get after 20 years (Rs) How much will you get after 30 years (Rs)
50 thousand 2 lakh 5 thousand 5 lakh 27 thousand
1 Lac 5 lakh 11 thousand 11 lakh 55 thousand
2 lakhs 10 lakh 22 thousand 23 lakh 11 thousand
3 lakhs 15 lakh 33 thousand 34 lakh 67 thousand

Note: This table is given according to a rough estimate because the interest on PF is reviewed every 3 months. Apart from this, in the table given here, interest was calculated annually.

Do not
withdraw money from PF funds unless it is very important. Money management experts believe that PF should be avoided unless it is very important. It is getting interest at the rate of 8.5 percent. At this time, the larger the amount withdrawn from the EPF, the greater the impact on retirement funds.

Also Read: PM Kisan Yojana: When does the installment of 2-2 thousand rupees come, can check status like this



How much PF is deducted?
According to the rules, it is mandatory for people receiving salary to contribute 12% of their salary and dearness allowance to the PF account. The employer also contributes the same to the PF account of the employee. This amount is withdrawn only after retirement. However, there are certain conditions for PF withdrawal even before retirement. Interest is paid on the basis of compounding on the portion contributed to the PF account.

30,000 crore withdrawn in last 4 months



Due to the ongoing lockdown due to Corona epidemic, people are facing financial crisis. As a result of this, in the last 4 months, people have withdrawn a total of Rs 30,000 crore from PF. People struggling with money problems are withdrawing money from PF and fulfilling their needs. According to a report, from April to July, 8 million subscribers have withdrawn money from EPFO.

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