Source : Changes in EPF Withdrawal Rules from 10 Feb 2016 | Be Money Aware Blog
Your prediction is almost right. As per my calculation you will get Rs. 83750/-. This is calculated upto Feb 16 Interest given to yoy. There could be some +/-, depends how and when your claim is being settled. You have not mentioned when did you submitted your claim.
PFA the calculation sheet.
Hope this will meet your requirement... All the best and gud luck to you to overcome hard time.
No need to pay any penalty, if he wants to withdraw he has to submit affidavit/Indemnity bond on Rs.10 bond paper along with all necessary documents (i.e. form 19, 10 C, Bank A/c Passbook xerox copy, PAN card xerox copy & 2 sets of form 15 G)