Personal Finance Blog India –

To Double Or To Triple Your Money – How Much Returns One Should Get:

Money doubling or money tripling phenomenon is completely related to the psychology of the investor and thanks to it one can can view such schemes launched by Banks or such other financial institutions.

Money doubling is considered to be an important benchmark for growth of money.

Today just we will have a look at how much interest rate one need to get so that money is get doubled and tripled.Returns are on compounded annual basis.

Period In Years % Returns needed to get money doubled % Returns needed to get money tripled.
01 100 200
02 41.50 73.25
03 26 44.25
04 18.93 31.61
05 14.88 24.58
06 12.25 20.10
07 10.41 17
08 9.06 14.73
09 8.01 12.99
10 7.18 11.62
11 6.51 10.51
12 5.95 9.59
13 5.48 8.82
14 5.08 8.17
15 4.73 7.60

Imp note : Compounding frequency used is Annual and banks are allowed to use frequency starting from quarterly.So most of the banks use quarterly frequency to calculate interest and period will be shortened in  such case..E.g For 9% rate of interest,using quarterly compounding frequency money will get doubled in around 94 Months ..means just below 08 years.

Rest,we should have understood that there is no scope for money to get doubled for a period less than 07 years in case of any good or nationalized bank ..If you want to get then one don’t have any other option but to go with ┬ásome riskier options like mutual funds or direct equity and take commensurate risk.

Category: Fixed Income


Leave a Reply




Blog Archives

See How Much Interest Your Saving Have Generated!!!Final Value will be Original Principal + Interest generated

Blog Author

Blog Author

Who's Online

13 visitors online now
7 guests, 6 bots


Information provided on this blog is for general purpose only & not investment advice.Please take advice of SEBI Registered Investment Advisors before taking any investment decision.
13 visitors online now
7 guests, 6 bots, 0 members
Max visitors today: 22 at 01:44 pm UTC
This month: 27 at 11-13-2018 03:15 pm UTC
This year: 69 at 08-02-2018 04:13 pm UTC
All time: 363 at 09-23-2016 05:45 am UTC
Thank You For Visiting This Blog!!!