Thu, 14 Dec 2023

Save ₹442, Make ₹5 Crore, Invest Money Here and Get Interest on Interest!

For retirement planning, it is advisable to invest in National Pension Scheme.

The benefit of compounding interest is available in the National Pension Scheme.

Investing in NPS can prove to be a profitable deal for working youth.

In this, a big fund of Rs 5 crore can be created by investing only Rs 442.

If you save

Rs 442 daily, you will deposit Rs 13,260 every month and Rs 56,70,200 in NPS for 35 years.

If you invest continuously in NPS till age of 60, you will get an average interest of 10%.

Which will become Rs 5.12 crore through compounding in 35 years.

However, the entire Rs 5.12 crore will not be available in hand after 35 years.

Because only 60% withdrawal is allowed on maturity of NPS.

If you want, you can withdraw some amount even before the age of 60 in case of emergency.

Nita Ambani spends lakhs and spends her holidays in a beautiful place like heaven