Provident Fund Calculator (Bangladesh)
Projects the maturity value of a provident fund or general provident fund from the monthly contribution, the employer share and the interest rate over the service period.
Recent
Formula
How the calculation works
The monthly total contribution is your own deduction plus the employer's share, and with a 100 percent share the two are equal, doubling the monthly deposit.
The yearly deposit is twelve times the monthly total, and the fund compounds at the declared interest rate, which for government GPF has recently been around 8.5 percent.
Applying the future value of an annuity formula to the yearly deposits over the service period gives the maturity amount shown, assuming the rate stays unchanged.
Common mistakes
- The projection assumes the interest rate stays fixed for the whole period, while a government provident fund rate is revised almost every year.
- Forgetting that the employer share can be less than 100 percent will overstate the monthly deposit, so confirm your organisation's actual matching rate.
When to use it
- Use it to see how much your GPF or PF balance will grow if you keep contributing the same monthly amount until retirement.
- Use it to compare the effect of raising your monthly contribution or assuming a different interest rate on the final balance.
Worked example
With a monthly self contribution of 2,000 taka, a 100 percent employer share, 8.5 percent interest and 5 years, the maturity value is about 284,530 taka.
Common questions
Why does my actual PF balance differ from this figure?
The tool assumes a constant interest rate and steady contributions, but real provident fund rates are revised yearly and contributions may change with salary, so treat the result as an estimate.
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