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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.
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Achieving your financial goals is more like a marathon than a sprint.
What’s more, your savings accumulate to a large corpus as years go by with the power of compounding.
READ MORE
Check this comparison table to understand more
Person 1 |
Person 2 |
Difference |
|
Present age |
25 years old |
35 years old |
|
Frequency |
Monthly |
Monthly |
|
Interest credit |
Monthly |
Monthly |
|
Investment |
Rs 10,000 |
Rs 10,000 |
|
Rate of interest |
4% |
4% |
|
Balance at 40 years old (Rupees in lakhs) |
24.69 |
6.65 |
18.04 |
Balance at 50 years old (Rupees in lakhs) |
51.58 |
24.69 |
26.89 |
Balance at 60 years old (Rupees in lakhs) |
91.68 |
51.58 |
40.10 |
By the time they are both 60 years old, Person 1 saves Rs 40 lakhs more than Person 2
In this above comparison, the interest rate is 4%, but it can go up to 7.25% on your Metra Trust Savings Account, along with monthly interest credits
Open your account today and enjoy the magical power of monthly compounding!
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.metratrust.com for latest updates.
