Start with Rs 25,000 basic salary, end with Rs 1 crore corpus: How EPF compounding math can make you a crorepati at 8.25% interest in less than 30 years with 6% annual increment

Over time, the interest earned on the accumulated balance earns interest, allowing compounding to steadily increase your retirement savings. With regular contributions maintained over a long period, an employee can potentially build an EPF corpus of Rs 1 crore or more.

from Times of India https://ift.tt/zEjiM4X