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Is Your 4 Crore Saving Worth For Future?

By siliconindia   |   Tuesday, July 29, 2014
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BANGALORE: Every now and then we come across push messages directing get pension of Rs.50, 000 per month by depositing just Rs.5, 000 every month. The plan appears to be cool at once, as it secures your future.

But have you ever wondered that when your retirement will come, (say probably 30 years from now, at the age of 60), how much your Rs.50, 000 will be equal too? It will equivalent to Rs.9,212 for a 35-year-old and Rs.18,122 a month for a 45-year-old person. Surprised?

 It’s like Rs. 1 crore will be equal to Rs.36 lakhs approximately. Now what can be done in that undesirable situation?

Even though you save Rs.4 crore, it’s not enough for future. All you need to do is start saving small amount from now on or say some amount of money every day.

Read More: Not Considering Any Proposal For Merger With United Bank: IDBI Bank

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