scorecardresearchNumbers that can change your financial life forever

Numbers that can change your financial life forever

Updated: 17 Mar 2022, 10:26 PM IST

The advantages of wealth are self-evident and simple. You don't have to worry about your payments when you're financially secure, and you can stop gazing at the price tag on every small item. And this article might help you reach that goal a bit sooner. So read ahead!

We are about to talk about some percentage numbers that can change your financial life forever. 

We are about to talk about some percentage numbers that can change your financial life forever. 

We are talking about some percentage numbers that can change your financial life forever! These numbers can not only help you save a lot and earn more in certain ways, knowing about them in-depth is certainly good for your financial knowledge as well! So here we go.

7 Percent

New age banks, such as equity banks, are currently offering a 7% return on savings accounts. Traditional banks, such as HDFC and ICICI, provide interest rates that are needed to be shot up twice as high to match this figure.

34.49 Percent

The interest shown on your credit card statement is compounded monthly and is not simple interest. A monthly simple interest of 2.5 per cent is an annual simple interest of 34.49 per cent.

74.5 Percent

In the last year, the value of bitcoin has increased by 74.5%. In February, April, and November of 2021, the price of Bitcoin (BTC) reached an all-time high, with prices above $65,000 USD. The first two were brought about by occurrences involving Tesla and Coinbase, respectively, while the third was brought about by an unrelated event.

2 Percent

Paytm will charge you a 2% wallet recharge fee if you top up your Paytm wallet with a credit card. UPI is free to use!

109 Percent

The opening day appreciation on the price of Indigo paints limits shares. On the first day of its listing, it was 109%.

10 Percent

If you hold the shares for more than one year, the long term capital gain is 10%. But, if you hold the shares for less than a year, the tax is 15%!

8 Percent

Do you want to be the owner of 1 crore rupees at the end of 20 years? Well, then you should consider investing 16,977.34 in SIP assuming that your mutual fund gives you a return of 8%.

64 Percent

Motilal Oswal Nasdaq ETF has provided a return of 64% in the last year. And the fun fact is that it only invests in American Businesses.

1000 Percent

If the ticket cost is greater than INR 5000, the Yatra SBI credit card provides a discount of INR 1000 on each domestic air ticket booking.

Monitoring your spending doesn’t sound like an investment topic, but in fact, it is essential to plan your finances. If spending is an issue, this is a very worthwhile article to focus your attention on. Small steps, great achievements!

First Published: 09 Mar 2022, 09:07 AM IST