Provident Fund Calculator (Pakistan)
Project your Provident Fund savings based on monthly contributions and years remaining until retirement or resignation.
Total Monthly Contribution (You + Employer):
Total Contributed Over the Period:
Projected Fund Value:
How Provident Fund Works in Pakistan
A Provident Fund is a long-term savings scheme where both you and your employer contribute a fixed percentage of your basic monthly salary. These contributions accumulate over your employment, typically earning a profit rate declared annually by the fund's trustees (often benchmarked to government securities or bank profit rates). When you leave the company — through resignation, retirement, or otherwise — you receive your accumulated balance, subject to your employer's specific vesting rules (some employers require a minimum service period before you're entitled to the full employer-matched portion).
This calculator projects your fund's future value using compound growth on your combined monthly contributions:
Future Value = Monthly Contribution × (((1 + r)n − 1) ÷ r)
Where r is your assumed monthly profit rate and n is the number of months. This is a simplified projection — real Provident Fund returns depend on your fund's actual investment performance and the profit rate declared each year, which can vary.
Provident Fund vs. EOBI vs. Gratuity
These three are often confused. Provident Fund is built from your own and your employer's regular contributions. EOBI (Employees' Old-Age Benefits Institution) is a separate government pension scheme many formal employers must register staff with. Gratuity is a one-time, employer-funded payout based on your final salary and years of service, with no ongoing employee contribution. Most employers offer either a Provident Fund or Gratuity scheme — rarely both in full — alongside EOBI where applicable.
Frequently Asked Questions
How does Provident Fund work in Pakistan?
Both you and your employer contribute a percentage of your basic salary each month into the fund, which grows with an annually declared profit rate and is paid out when you leave the company.
What is a typical Provident Fund contribution rate?
8.33% to 10% of basic salary from both employee and employer is common, though this varies by employer — check your own contract or HR policy.
Is Provident Fund the same as EOBI?
No — Provident Fund is employer/company-specific, while EOBI is a separate, government-run pension scheme with its own contribution structure.