# Investing in Pension funds, FDs, mutual funds? Check 'Rule of 72' to find out when your money will double

New Delhi: Are you planning to invest or in a pension scheme, fixed deposits (FDs) or mutual funds and worried about how much time will it take to double your investment, then you are at the right place.

In India, there are several investment options available that can double your investment in no time. However, some investment options are safer than others while other safer options take a bit longer in doubling your investment.

You can easily calculate the time period required to doubling your money by simply following the ‘Rule of 72’. The rule is actually quite simple and anyone can find out the time period needed to double the investment in a snap.

What is the Rule of 72?

The Rule of 72 is just a very simple mathematical formula. All you need to do is divide the interest rate by 72 to find out the time period required for doubling your investment. Also Read: IRCTC Package: Visit Mata Vaishno Devi in budget with Indian Railways, check details

Here’s the formula for Rule of 72:

Time required to double money = 72/Interest rate offered by the scheme

Here’s an example:

If you’re investing Rs 1 lakh in National Pension Scheme (NPS) and getting a 9% interest rate, then here’s how you can calculate the time period required for your money to get double:

Time period = 72/9 = 8 years.

So, by now, you must have clearly understood the process to calculate the time frame required to double your money. You can use the same formula to calculate the time period for other investment schemes as well. Also Read: Apple introduces special offer for Indians! Now, get 20% bonus on adding money to Apple ID

Live TV

#mute

Internet Explorer Channel Network
News Related
• ### 9-yr-old boy's paratha making skill is a hit on the Internet. Viral video

Every now and then, the internet churns out stories of young boys setting up roadside food stalls to support their families. A few days ago, a video of a 13-year-old boy selling Chinese and Tibetan food at Faridabad had caught the attention of netizens with his talent and eagerness to ...
See Details: 9-yr-old boy's paratha making skill is a hit on the Internet. Viral video
• ### Spotify Is Getting Rid of This Useful Feature From Its App

© Provided by News18 Spotify Is Getting Rid of This Useful Feature From Its App Spotify has announced the company is “retiring” the car view feature it launched in 2019. The mode essentially offers enlarged play/pause and skip buttons as well as made the view page less cluttered to prevent ...
See Details: Spotify Is Getting Rid of This Useful Feature From Its App
• ### Digital divide keeps close to 66% of guest workers' kids from online classes in Tamil Nadu

© Provided by The Times of India CHENNAI: As many as 66% of children of guest workers could not attend online classes during the various lockdowns due to lack of gadgets such as laptops, desktop and android phones. They had no money to recharge their prepaid phone, according to a ...
See Details: Digital divide keeps close to 66% of guest workers' kids from online classes in Tamil Nadu
• ### Yoga for gut health: 5 exercises to aid in digestion, reset your system

Apart from mindful eating and identifying the food items that cause digestive issues, it is important to incorporate Yoga asanas into your fitness routine to have a positive impact on digestion and gut health. This is because Yoga poses help to stretch the muscles, massage the internal organs and stimulate ...
See Details: Yoga for gut health: 5 exercises to aid in digestion, reset your system
• ### 5G spectrum sale: Telecom body asks Centre to reduce base price by more than half

© Provided by Zee News New Delhi: Telecom industry body COAI is learnt to have asked the government to cut the base price of spectrum by more than half, for the proposed auction especially for 5G services, according to industry sources. In the first auction of radio airwaves in five ...
See Details: 5G spectrum sale: Telecom body asks Centre to reduce base price by more than half
• ### News updates from HT: Rahul Gandhi's tweet leads to speculations on social media and all the latest news

© Provided by Hindustan Times Congress leader Rahul Gandhi on Sunday posted a cryptic tweet in which he said hatred will not win. &#8220;Have faith. Don&#8217;t give up, don&#8217;t stop,&#8221; the Congress leader wrote with the hashtag &#8216;we stand united&#8217;. (HT File) Here are today’s top news, analysis and opinion. ...
See Details: News updates from HT: Rahul Gandhi's tweet leads to speculations on social media and all the latest news
• ### Rakesh Jhunjhunwala Portfolio Stock: Brokerage firm expect 40% return from THIS share

© Provided by Zee News New Delhi: Several Indian stock market investors take a cue from Rakesh Jhunjhunwala&#8217;s portfolio to strategise their investment plans. The big bull of Indian bourses, Jhunjhunwala, is known for making investments in multibagger stocks that have provided impressive returns to investors.  One such stock in ...
See Details: Rakesh Jhunjhunwala Portfolio Stock: Brokerage firm expect 40% return from THIS share
• ### Vicky Kaushal, Katrina Kaif to cut down wedding invites due to new Covid variant Omicron?

Vicky Kaushal and Katrina Kaif have been making headlines due to their wedding rumours. While the couple has not made any official announcement regarding the same, friends close to Vicky and Katrina revealed that they will tie the knot in Jaipur on December 9. As per a new report, the ...
See Details: Vicky Kaushal, Katrina Kaif to cut down wedding invites due to new Covid variant Omicron?
• ### LEGO's first wooden home accessories collection is about to drop

Vicky Kaushal and Katrina Kaif have been making headlines due to their wedding rumours. While the couple has not made any official announcement regarding the same, friends close to Vicky and Katrina revealed that they will tie the knot in Jaipur on December 9. As per a new report, the ...
See Details: LEGO's first wooden home accessories collection is about to drop
• ### British tourists must quarantine in Switzerland due to Omicron - holidays ‘down the pan'

Vicky Kaushal and Katrina Kaif have been making headlines due to their wedding rumours. While the couple has not made any official announcement regarding the same, friends close to Vicky and Katrina revealed that they will tie the knot in Jaipur on December 9. As per a new report, the ...
See Details: British tourists must quarantine in Switzerland due to Omicron - holidays ‘down the pan'
• ### Nigel Farage hits out as Britain heads for a triple whammy crisis

Vicky Kaushal and Katrina Kaif have been making headlines due to their wedding rumours. While the couple has not made any official announcement regarding the same, friends close to Vicky and Katrina revealed that they will tie the knot in Jaipur on December 9. As per a new report, the ...
See Details: Nigel Farage hits out as Britain heads for a triple whammy crisis
• ### Why pensioners now need a 'spare couple of million' to retire in EU

Vicky Kaushal and Katrina Kaif have been making headlines due to their wedding rumours. While the couple has not made any official announcement regarding the same, friends close to Vicky and Katrina revealed that they will tie the knot in Jaipur on December 9. As per a new report, the ...
See Details: Why pensioners now need a 'spare couple of million' to retire in EU
• ### John Lee: Sinn Fein can't take power alone and one major party will do business

Vicky Kaushal and Katrina Kaif have been making headlines due to their wedding rumours. While the couple has not made any official announcement regarding the same, friends close to Vicky and Katrina revealed that they will tie the knot in Jaipur on December 9. As per a new report, the ...
See Details: John Lee: Sinn Fein can't take power alone and one major party will do business
• ### Get more iPhone storage without paying for it: Just tweak a few settings

Vicky Kaushal and Katrina Kaif have been making headlines due to their wedding rumours. While the couple has not made any official announcement regarding the same, friends close to Vicky and Katrina revealed that they will tie the knot in Jaipur on December 9. As per a new report, the ...
See Details: Get more iPhone storage without paying for it: Just tweak a few settings

## Wanita maut dalam perjalanan ziarah jenazah ibu

© Provided by Free Malaysia Today Mangsa maut selepas kereta Perodua Kancil dipandu suaminya hilang kawalan dan terbabas. (Gambar PDRM) PETALING JAYA: Hasrat seorang anak menziarah jenazah ibunya yang meninggal ... Read more »

## Thalapathy Vijay completes 100 days of Beast shoot. Nelson Dilipkumar shares new pic

Thalapathy Vijay and Pooja Hegde’s first pic from Beast is out. Director Nelson Dilipkumar on Sunday (November 28) treated fans to a new picture featuring Thalapathy Vijay and Pooja Hegde ... Read more »

## Controversial YouTube stunts: from being buried alive to emergency landings

© Provided by The National From left: YouTubers Logan Paul, Muhammed Bahcecik and James Potok have all come under fire for their controversial online stunts. Photo: Logan Paul / YouTube; ... Read more »

## 'Priceless Knock': Twitter Hails Wriddhiman Saha for Batting With Neck Strain & Scoring a Fighting Fifty

© Provided by News18 ‘Priceless Knock’: Twitter Hails Wriddhiman Saha for Batting With Neck Strain & Scoring a Fighting Fifty A strain in the neck kept Wriddhiman Saha away from ... Read more »

## Omikron - Was hinter dem Namen steckt

© Keystone/SOPA Images via ZUMA Press Wire/Pavlo Gonchar Die neue Corona-Variante Omikron bereitet nicht nur wegen ihrer Ausbreitung, sondern auch wegen des Namens Kopfzerbrechen. Am Wochenende erklärte die Weltgesundheitsorganisation (WHO) ... Read more »

## Days Before Dying, Stephen Sondheim Reflects: 'I've Been Lucky'

Stephen Sondheim, at home in Roxbury, Conn., Nov. 21, 2021. (Daniel Dorsa/The New York Times) ROXBURY, Conn. — Stephen Sondheim stood by the gleaming piano in his study, surrounded by ... Read more »

## Hardik Pandya Asks Indian Selectors To NOT Consider Him For Selection For Some Time

© Vishal Pushkar | India.com Sports Desk Hardik Pandya @ Twitter New Delhi: Much was expected of the flamboyant all-rounder Hardik Pandya during the 2021 T20 World Cup but the ... Read more »

## Wahab Riaz: 'I am playing all around the world, but my country comes first'

Like so many of his compatriots, Wahab Riaz was left in tears when Australia beat Pakistan in the T20 World Cup semi-final. As Matthew Wade ripped the heart and soul ... Read more »

## India vs New Zealand, 1st Test: Rahul Sir told me to bat as many balls as possible - Shreyas Iyer on record 50

Debutant Shreyas Iyer on Sunday opened up on his record performance with the bat in Kanpur after hitting his maiden fifty to follow up on his first innings 105 in ... Read more »

## Tim Cahill backs South Korean star Son Heung Min to shine at 2022 World Cup in Qatar

© Provided by GOAL Tottenham Hotspur forward Son Heung Min has been a torch bearer for Asian football for quite some time now. The South Korean star is the top ... Read more »

## Dakar reveals details of 2022 Saudi Arabia route

© TOYOTA GAZOO Racing #301 Toyota Gazoo Racing: Nasser Al-Attiyah, Matthieu Baumel Just like the previous two editions of the event in the Middle East, the 2022 Dakar will feature ... Read more »

## Kailan ikan masin RM18, pelanggan diminta buat aduan rasmi

© Provided by Free Malaysia Today Resit menunjukkan hidangan kailan ikan masin yang berharga RM18. PETALING JAYA: Kementerian Perdagangan Dalam Negeri dan Hal Ehwal Pengguna (KPDNHEP) Pulau Pinang meminta pelanggan ... Read more »

## Omicron: what are the new travel rules for Gulf countries?

© Ariel Schalit Travelers wearing protective face masks arrive at the Ben Gurion Airport near Tel Aviv, Israel, Sunday, Nov. 28, 2021. Israel on Sunday approved barring entry to foreign ... Read more »

## Watch: Priyanka Chopra's Appearance in The Matrix 4 New Trailer Stokes Fan Frenzy

© Provided by News18 Priyanka Chopra’s highly anticipated role is in the upcoming The Matrix Resurrections, which is the fourth instalment in the hugely successful and cult sci-fi action franchise ... Read more »

## Birthday girl Esha Gupta's Instagram posts are boldness personified

© Provided by Mid-Day Esha Gupta turns 36 today. For all those who follow her on Instagram, they might be aware that she’s known to amp up the temperatures when ... Read more »

## 'Bahu mereko baithne nahi deti': Says Kapil Sharma's mother, sends audience into frenzy

© Provided by DNA On Saturday, Kapil Sharma welcomed ‘Bob Biswas’, Abhishek Bachchan, and Chitrangada Singh to his comedy show, ‘The Kapil Sharma Show’. Kapil also talked with his mother, ... Read more »

## India vs New Zealand 2021: Wriddhiman Saha, Shreyas Iyer Fifties Rescue India in Kanpur

© Provided by News18 India vs New Zealand 2021: Wriddhiman Saha, Shreyas Iyer Fifties Rescue India in Kanpur Wriddhiman Saha led India’s lower-order resistance as the hosts managed to reduce ... Read more »

## Antim box office collection day 2: Aayush Sharma-Salman Khan starrer witnesses decent growth on Saturday, big jump expected on Sunday

© Provided by BollywoodLife.com Antim: The Final Truth registered the much-needed boost on day two, setting it well on course for a very healthy weekend. Beating all expectations and the ... Read more »

## Amid Karishma Tanna-Varun Bangera's wedding rumours, Ekta Kapoor sends ‘best wishes for an awesome future together'

© Provided by Hindustan Times Karishma Tanna, Varun Banera with Ekta Kapoor. Amid rumours of Karishma Tanna and businessman Varun Bangera’s wedding, Ekta Kapoor hinted in an Instagram post that ... Read more »

## I visited the infamously bad bust of Cristiano Ronaldo in Madeira, but it's not even the only terrible artwork of the soccer star on the island

© Insider/Barnaby Lane I visited the infamously bad bust of Cristiano Ronaldo in Madeira, but it’s not even the only terrible artwork of the soccer star on the island I ... Read more »

## List of teenage homicide victims in London in 2021

© PA Wire Police stock A total of 28 teenage homicides have taken place in London so far in 2021. This surpasses the 27 killings seen in 2017, which had ... Read more »

## Body found in southwest Charlotte home when CMPD responds to ‘domestic violence call'

A body was found in a southwest Charlotte home and detectives are calling it a homicide, Charlotte-Mecklenburg Police said in a news release. Investigators have not released the identity of ... Read more »

## Moscow says 27 Russian more diplomats due to leave U.S. in January

U.S. introduced a 3-year restriction on the stay of Russian Diplomats and gave a list of 24 employees of the diplomatic mission who will need to leave the country by ... Read more »

## Roku Streaming Stick Plus in PHENOMENAL Black Friday deal

© Expert Reviews Roku Streaming Stick Plus in PHENOMENAL Black Friday deal Media streamers When it comes to 4K media streamers, the Roku Streaming Stick Plus remains one of our ... Read more »

## Meet a single mom who transformed her life through a guaranteed income program that gives her \$1,800 every 3 months. It helped her get a car, a new job, and move into a better neighborhood for her daughter.

© jjwithers/Getty Images The Compton Pledge is the largest city-based guaranteed income program in the United States. jjwithers/Getty Images Christine, a woman from Compton, California, gets \$1,800 every three months ... Read more »

## Swiss voters look set to back COVID-19 response plan

© Reuters/ARND WIEGMANN Fence is seen in front of Swiss Federal Palace in Bern By Brenna Hughes Neghaiwi ZURICH (Reuters) -Swiss voters looked likely to back the government’s pandemic response ... Read more »

## Special forces to infiltrate Calais migrant traffickers using disguises

The UK is set to offer a team of 30 troops from the Special Reconnaissance Regiment (SRR) to help French police. The elite soldiers may even use disguises to penetrate ... Read more »

## German retail suffers at start of crucial Christmas season

BERLIN (Reuters) – A surge in coronavirus cases in Germany has led to a disappointing start to the Christmas season for retailers in Europe’s biggest economy, the sector body said ... Read more »

## Amazon picks Abu Dhabi for most cutting-edge fulfilment centre in the Middle East

© Provided by The National Mohammed Al Shorafa, chairman of the Abu Dhabi Department of Economic Development and head of Adio, left, and Russell Grandinetti of Amazon. Victor Besa / ... Read more »

## India, Sri Lanka, Maldives navies participate in maritime operations in Indian Ocean Region

India, Sri Lanka, Maldives navies participate in maritime operations in Indian Ocean Region The navies of India, Sri Lanka and the Maldives are part of a focused operation which aims ... Read more »

## Thalassemia activist from West Bengal cycles to Patna with a message

© Provided by Hindustan Times Roy says he wants to tell parents of potential brides and grooms that they must understand the importance of conducting tests to ensure would be ... Read more »

## So feiert Beatrice Egli mit ihrer Familie Weihnachten

© imago images/HOFER Beatrice Egli liebt es, mit der ganzen Familie Weihnachten zu feiern. Mit dem heutigen 1. Advent hat der Countdown für Weihnachten definitiv begonnen. Eine, die sich bereits ... Read more »

## Popular YouTuber Dhruv Rathee marries girlfriend Juli, pics go viral

© Provided by DNA Famous Indian YouTuber Dhruv Rathee has tied the knot with his long-time partner Juli Ibr in a ceremony in the Vienna, the capital of Austria. Rathee ... Read more »

## ‘Why no arrests like Aryan Khan drug case': Traders want MP cops to act against Amazon officials

© Provided by The Print New Delhi: The Confederation of All India Traders (CAIT) has demanded the arrest of Amazon officials in connection with the seizure of 720 kg of ... Read more »

## Highlights, Ind vs NZ, 1st Test, Full Cricket Score: Kiwis 4/1 at stumps after being set 284 to win

© Provided by Firstpost Highlights, Ind vs NZ, 1st Test, Full Cricket Score: Kiwis 4/1 at stumps after being set 284 to win 16:46 (IST) End of what turned out ... Read more »

## Afridi brings Pakistan back in the contest after Taijul puts Bangladesh on top

© AFP/Getty Images Shaheen Shah Afridi picked up three wickets in a fiery opening burst © AFP/Getty Images Stumps Bangladesh 39 for 4 (Mushfiqur 12*, Yasir 8*, Afridi 3-6) and ... Read more »

## India need 9 wickets as New Zealand have a mountain to climb on final day of Kanpur Test

© Provided by DNA It started on a horrendous note but ended very strongly for Team India as they are now just nine wickets away from a victory in the ... Read more »

## ‘Main Jyada Ungli Nahi Karta Aapke Jaisa': Axar Takes A Cheeky Dig At Ashwin's Bowling

© Provided by MensXP The Indian spinners had a terrific day in the office on Saturday as they derailed New Zealand’s first innings and gave India a handy lead, coming ... Read more »

## Greece extends travel restrictions as Omicron variant strikes fear across Europe

Greece will ban many people from non-EU countries from entering the country until December 3. British tourists are still allowed to enter Greece despite not being in the EU. Britons ... Read more »

## Republicans are quietly rigging election maps to ensure permanent rule

The long-term health of American democracy is in peril, to a degree far worse than people imagine. But not where most people are looking. Related: This is what gerrymandering looks ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic