Financial Tools

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SAVING ENOUGH ?

Am I saving enough for my retirement?

Can't determine whether or not you are saving enough for retirement? Might as well take a shot at this one.You start by estimating how much you need for a comfortable retired life in current rupee terms. This figure is bound to increase as you take inflation into account.

My age (years)

18yrs70yrs

Age I Plan to retire (years)

30yrs70yrs

Amount I want to retire with Rs

01 Cr

Current Total Savings Rs

010 Lakhs

Monthly Total Savings Rs

010 Lakhs

Return on investments (% p.a.)

4%20%

Expected inflation (% p.a.)

3%10%

Attention Investor:

1) "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         2) For Stock Broking Transaction "Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors."         3) For Depository Transaction "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....Issued in the interest of investors."         4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.