GPF Calculator 2026 – Calculate General Provident Fund Balance for Govt Employees
Calculate GPF corpus for central govt employees under OPS, with compound interest
The General Provident Fund (GPF) is a compulsory savings scheme for central government employees who joined before January 1, 2004 and remain under the Old Pension Scheme (OPS). A fixed percentage of Basic Pay plus DA is deducted every month, the government notifies an interest rate each quarter, and the entire accumulated balance, principal plus compounded interest, is paid out tax-free on retirement or resignation.
Who Can Subscribe to GPF?
GPF is open only to central government employees who joined service before January 1, 2004, since they remain under the Old Pension Scheme (OPS) rather than NPS. It also covers employees on a temporary basis for more than a year and re-employed pensioners under certain conditions. Employees who joined on or after January 1, 2004 are covered under NPS instead and cannot open a GPF account, even voluntarily.
Formula
Monthly Subscription = (Basic Pay + DA) × Subscription % ÷ 100
Corpus (next year) = (Corpus + Annual Contribution) × (1 + Interest Rate ÷ 100)
Interest compounds annually on the running balance plus that year's contributions. Minimum subscription is 6% of Basic+DA, maximum is 100%.
Worked Examples
Example 1: Basic pay ₹56,100, DA 58%, 12% subscription, 20 years, opening balance ₹5,00,000
Monthly subscription = ₹10,973. Corpus after 20 years at 7.1% = ₹78,16,327, of which ₹46,82,769 is interest earned.
Example 2: Basic pay ₹38,100, DA 58%, 8% subscription, 10 years, opening balance ₹1,50,000
Monthly subscription = ₹4,968. Corpus after 10 years at 7.1% = ₹11,84,225, of which ₹4,38,037 is interest earned.
How GPF Interest Is Credited
GPF interest is calculated monthly on the balance standing in the account between the 5th and the last day of each month: Monthly Interest = Eligible Monthly Balance × Rate ÷ 1200. This monthly interest is not paid out each month, it accrues through the year and is compounded into the principal once annually, on March 31. The Department of Economic Affairs reviews and notifies the GPF interest rate every quarter, so the rate used for your monthly calculation can change partway through a financial year.
Your Details
GPF Corpus at Retirement
₹78,16,327
Interest Earned
₹46,82,769
GPF Withdrawal and Advance Rules
GPF offers two distinct ways to access funds before retirement: an advance, which is refundable, and a part-final withdrawal, which is not. When an advance is sanctioned, the amount is deducted from your balance immediately and that portion stops earning interest from the month of withdrawal until you repay it in installments, at which point it starts earning interest again. A part-final withdrawal permanently reduces the corpus and is generally allowed for specific purposes like house construction, education, medical treatment, or a daughter's marriage, without any repayment obligation. On retirement or resignation, the entire accumulated balance, principal plus compounded interest, is paid out tax-free.
GPF Interest Rate History
| Period | Rate |
|---|---|
| FY 2024-25 | 7.1% |
| Apr-Jun 2025 | 7.1% |
| Jul-Sep 2025 | 7.1% |
| Oct-Dec 2025 | 7.1% |
| Jan-Mar 2026 | 7.1% |
| Apr-Jun 2026 | 7.1% |
| Jul-Sep 2026 | 7.1% |
| Oct-Dec 2026 | 7.1% |
* The GPF interest rate is notified by the Department of Economic Affairs each quarter. GPF applies to central govt employees under OPS; the entire accumulation is tax-free at withdrawal.
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Frequently Asked Questions
The latest confirmed GPF interest rate on this page is 7.1% per annum, effective from October 2026. It is notified by the Department of Economic Affairs each quarter.
Only Central Government employees covered by OPS (joined before January 1, 2004) and those working on temporary basis for more than one year can subscribe to GPF. NPS employees cannot subscribe to GPF.
Minimum subscription is 6% of basic pay per month. Maximum is 100% of basic pay. The subscription rate can be changed twice a year.
Yes. GPF advances can be taken for house construction, education, medical expenses, and purchase of consumer durables. The advance is recovered in installments from salary.