EPF: What total corpus can you build at 60, if you start with Rs 20,000 salary at 21?

Long term compounding constitutes one of the most potent forces of mathematics and EPF, or Employees' Provident Fund, depends on the force of compounding over the very long term to create significant amounts at the time of retirement of an employee.

Kolkata: Legislated in 1952, EPF or Employees’ Provident Fund, is one of the most potent social security schemes for formal sector employees in India. It aims at building a corpus of funds through specific contributions from an employee and the employer every month which is to be handed over as a one-time amount for the post-retirement life of the employee and his/her family members. Every employee who completes 10 years in service is also entitled to a lifelong monthly pension from EPFO. It is known as EPS of Employee Pension Scheme.

How does EPF increase the pool of funds in the account of an employee? What EPF takes the help of is known as........

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